Self Employed Mortgage
With over 3.3 million self employed people in the UK, most lenders now provide some type of Self Employed Mortgage. However, with there being slightly tougher lending criteria, there are some things to bear in mind:
• A mainstream lender may want to see 3 years of audited accounts from a certified accountant before they consider you for a mortgage
• You may need to show upward income every year and also future business plans
• If you have been in a specific industry or market for while this may help your mortgage application.
However, if you do not have 3 years of accounts history, you can depending on your circumstances be eligible for a mortgage by declaring your income and providing other financial documentation. This is known as a Self Certification or Self Cert Mortgage. To speak to a specialist about self employed mortgages complete our short enquiry form below.
