Advice for
Self-
Employed
Mortgages
If you are looking for a self-employed mortgage, we can help
Getting a self-employed mortgage isn’t that different from getting one when you’re employed. You normally have access to the same mortgages and lenders as an employed person. So, you won’t necessarily need a specialist lender. What you will need to do is provide the mortgage lender with different information about your income so they can determine how much you can borrow. And that’s where we come in.
Our self-employed mortgage advice process
Step 1: We listen
It’s important for us (and you) to take the time to get to know each other and to make sure we understand what you would like to achieve. It’s a cliche, but no two people are the same. And we want to make sure our advice and service is tailored to you.
Step 2: Our initial thoughts
After that, we’ll provide you with some details. Things like how much we think you can borrow based on your income flow and what kind of loan to value lenders will be prepared to offer you.
Step 3: We search the whole mortgage market
We’ll then move on to search the entire mortgage market for you. In addition to negotiating you the best rate, we’ll take into account other things like lender service levels. It’s all part of having an expert on your side. We can even arrange an Agreement in Principal for you with a lender so you know exactly how much you can borrow.
Step 4: Completion
We finalise your mortgage and you get ready to pop a cork (or two).
Making it easy
Our mortgage advice process
Step 1: We listen
It’s important for us (and you) to take the time to get to know each other and to make sure we understand what you would like to achieve. It’s a cliche, but no two people are the same. And we want to make sure our advice and service is tailored to you.
Step 2: We provide our initial thoughts
After that, we’ll provide you with some details. Things like how much we think you can borrow and what kind of a mortgage deposit you’ll need to buy that dream home. We’ll also suggest the best type of mortgage for you, looking at fixed and variable rates.
Step 3: We search the market for you
We’ll then move on to search the market for you. In addition to finding you the best rate, we’ll take into account other things like lender service levels and affordability calculations. It’s all part of having an expert on your side. We can even arrange an Agreement in Principal for you with a lender so you know exactly how much you can borrow.
Step 4: Completion
We finalise your mortgage and you move in. Alas, we can’t guarantee the moving experience will be easy, but at least you are safe in the knowledge that you have the most appropriate finance for you.
Self-Employed Mortgage
Case Study
Case Summary
Our client is a High Net Worth (HNW) property investor and developer. He held all his properties in a Ltd company which made good profits, but he took very little of these in the way of salary and dividends. A lot of banks, when assessing affordability, will only consider the salary and dividends that an applicant has taken out of their business, so any retained profits are often ignored.
Our Solution
We were able to obtain him a mortgage at 75% of the purchase price, where the lender was able to calculate the affordability based on his net profits for the last two years.
The numbers
Mortgage Calculators
Our useful mortgage calculators can help you work out the key numbers without any hard questions.
