Mortgages for self-employed

Hope Mortgage Solutions offer bespoke financial advice to clients who are self-employed. Mortgage options can be provided for:

Sole traders
Partnerships (LLP)
Limited company directors.

A common misconception about the mortgage market is that it is difficult to secure a mortgage if you are self-employed, in fact you have access to the same lenders and products as those who are employed. The main difference is the income evidence that must be provided: lenders require at least 2 years' accounts or SA302s with the corresponding tax year overview forms. Usually, lenders require clients to have been self-employed for at least 2 years, however Hope Mortgage Solutions can offer mortgage options to clients who have been self-employed for just 1 year, subject to individual circumstances.

Tips for self-employed mortgages:

QUALIFIED ACCOUNTANT
It helps to ensure you have a suitably qualified accountant (for example a chartered accountant) as opposed to a book keeper, as this is a common requirement for a mortgage lender.
BUSINESS BANK STATEMENTS
Be prepared to provide bank statements for your personal and business bank accounts. Although lenders criteria generally state 3 months’ are required, it is always recommended to be able to provide 6 months’ if requested.
CREDIT CHECKS
Lenders will conduct a credit search as part of their underwriting, check a copy of your credit file before submitting an application to ensure there are no unexpected surprises and ensure all existing credit agreements are conducted adequately.

WHY USE HOPE MORTGAGE SOLUTIONS?

WHOLE OF MARKET MORTGAGE BROKER

PROFESSIONAL, PERSONAL ADVICE TAILORED TO YOU

'LIFETIME FEE' SCHEME - ONE FEE PAYABLE FOR MORTGAGE ADVICE FOR LIFE

ACCESS TO THOUSANDS OF MORTGAGE PRODUCTS

LENDER EXCLUSIVE PRODUCTS WHICH ARE ONLY AVAILABLE THROUGH BROKERS

Contact Hope Mortgage Solutions today and book your free initial consultation to discuss your options for self-employed mortgages, call 0117 914 7471 or using the contact form below.