Self employed mortgages
Self employed mortgages
Self employed and contractor mortgages
Some mortgage lenders will treat you differently if you are self-employed. We Won’t! Not only is our mortgage team fluent in ”Mortgage” they also speak ”Accountant” and ”HMRC”. This way, we have exactly what we need to find you the best mortgage deal. It really is as easy as SA302…….for us anyway.
Let’s do this
We know if you are self employed , contracting or a company director getting a mortgage isn’t always straight forward. Most of our self employed customers had already tried to get a mortgage, before we arranged everything for them. When you are busy running a business time is valuable and it is important to get it right first time.
That’s why we liaise with your accountant to ensure we understand the structure of your business and how your income is calculated.
Self employed mortgage lenders will all treat your income differently, the amount you could borrow will vary drastically from one mortgage lender to the next as will the type of income evidence you need to provide. Our experienced mortgage brokers will match your self employed income structure to the most suitable lender to maximise your mortgage borrowing and recommend the best mortgage rate based on your needs.
Generally self employed or contractor mortgage lenders want to see 3 years accounts, but some lenders will consider a mortgage with 1 year’s accounts or a current contract.
If you have recently switched to self employed or contracting and you are thinking about getting a mortgage, lets get a plan together, we can let you know exactly what we will need and the best time to apply.
Can I get a mortgage if I’m self employed?
What income do lenders look at for the self employed mortgages?
How many years of accounts do mortgage lenders need?
I don’t have an accountant. Can I still get a mortgage?
Do I need a bigger deposit if I’m self employed?
Will I be charged a higher mortgage interest rate because I’m self employed?
I’m a contractor. The company that I work for said I need to set up a limited company so they can pay me through that. Can I still get a mortgage?
How does it work?
The first thing that you need to do is book a time to meet with us in person or speak on the phone.
We can get all your basic information and understand what you need us to do.
Once we have completed our research, we will come back to you with the different options available for you and the time scales for each one.