Helping you to find lenders who offer self-employed mortgages
We understand the difficulties borrowers experience when trying to secure competitive deals for self-employed mortgages. Proving your income isn’t always a straightforward process, particularly if you’ve only started up your company in the last few years.
In the past, self-employed workers could apply for a “self-cert” mortgage which allowed them to simply tell the mortgage lender what they earned. These types of mortgages no longer exist and lenders now require you to show at least one year’s accounts or SA302s. The amount you will be able to borrow is generally dependent on your last few years’ profit, so the more accounts you can show the better.
Before using a comparison website or remortgaging with your current lender, you should speak to a qualified Mortgage Adviser to ensure that you are aware of the best deals available to suit your needs. Our team can access every lender across the whole of the mortgage market and have many years of experience working with self-employed borrowers. We know based on your income, accounts and needs, which self-employed mortgage lenders to approach.
Here are a few reasons why you should contact us:
- You are self-employed and have a limited trading history, possibly just one year’s accounts or SA302s
- You want to purchase your first home
- You want to pay more off your mortgage each month but your current lender won’t let you
- You want a better rate
- You have some current or historic adverse
- You want to borrow more for home improvements, to consolidate debt or for any other legal purpose
- Your current mortgage deal is ending soon
- You want a fixed mortgage product so that your payments won’t go up or down
- You want to switch from an interest-only to a repayment mortgage
- Your home’s value has greatly increased since you purchased it