Self Employed

* Bespoke Mortgage Services
 
* Tailored to Meet your Needs 
        
* Self Certification of Income

* Up to 95% Loan to Value               

* Less than 1 Year Trading

Self-employment has its benefits, but also has its drawbacks too.  Difficulty in getting a mortgage can be one of them.  The reason for this is the banks’ and building societies’ strict lending rules.  The institutions don’t want to hand over cash until they’re absolutely sure the person borrowing the money can repay it.

The problem the self-employed face is in providing sufficient proof of income to meet the lender’s requirements.  In order to have the three years’ audited accounts that most High Street lenders require, a business has to have been operating successfully for several years.  Consequently, anyone in their first few years of trading would be forgiven for thinking that it is impossible to get a mortgage however; with our help those problems can be overcome.

There are, however, several lenders who take a more flexible stance.  These lenders will treat self-employed applicants with only two years’ accounts as ‘full status’ and will, therefore, offer them all of their usual mortgage products including discounts, fixed rates and cash back mortgages, with advances of up to 90%.  Several lenders will even accept one or two years’ self-prepared accounts, provided that they are supported by the corresponding tax assessments.

We also have access to Lenders who will allow you to lend even though you have been trading for less than one year.

Having proof of income is not the end of the problem.  Even those who have their books in order often find it difficult to borrow as much as they need.  This is because their taxable income, shown after deducting expenses and overheads, is too low and doesn’t really reflect their true ability to pay a mortgage.

The overall cost for comparison is 6.7% APR