If you’re self-employed, mortgage requirements can seem impossible to achieve. Whether you’re a freelancer, contractor or even if you run your own business, you may be finding it hard to be approved for a mortgage. Talk to our team about specialist mortgages for self-employed people and take your first step towards owning your own home today.
You may think that the amount you can borrow will be restricted because you are self-employed – this is not the case. Rather, mortgage providers will usually ask to see proof of your self-employed income for at least two years. If you can prove that you earn a reliable income, then the amount you can borrow will be relative to your earnings, the same as it would be for an employed person.
If you are wondering how much you could borrow, get in touch with a member of our team to talk to them specifically about your own situation and needs and see if we can help you with a specialist self-employed mortgage.
Some high-street lenders will make you jump through hoops to get a mortgage if you’re self-employed, but our teams will try to find a policy which will make it as easy as possible for you to be approved for the mortgage you need for your dream home. Most lenders will need to see proof of your self-employed income and many will also want to see bank history and may question you about your spending habits, so try to spend wisely if you’re considering applying.
Some self-employed people choose to save for a bigger deposit as it makes it easier to get a mortgage for a smaller amount, but this isn’t always necessary if you can prove that you have a good credit history and a reliable income.
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