Self Employed Mortgages

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With around 15% of the UK population working in some sort of self employment there has developed a massive need for mortgage lenders to provide self employed mortgages.

Over the last few years specialist lenders and mortgage packagers have focused on providing mortgages to self employed people. Indeed, lenders have developed new and innovative products that enable people without three years accounts to apply for and get a mortgage. It is now possible to get a mortgage even if you have been trading for just one day.

Self employed mortgages progress with slightly higher interest rates than standard mortgages. However, if you have three years accounts to prove income then you may be able to apply for a standard mortgage and benefit from great rates. Without these accounts you may not be able to prove your income. What is more, if you have been reinvesting income that the business has generated, or simply had a bad year last year your most recent accounts may not show the potential earnings that you could receive.

To cater for these people lenders now offer mortgages to people on the basis of their potential annual income. This should be realistic to enable mortgage repayments, but can enable a mortgage to be granted without the need to prove income.

We have a team of self employed mortgage specialists. If you think that you need to self certify your income then fill out the form on this site and one of our specialist team will be in touch within a few business hours to look into the most suitable mortgage for your circumstances.

Our qualified advisers will be happy to talk through your requirements with you... Call us now on 0800 0435760 or fill out this online form