Self Employed Mortgages

There are over 3 million currently self-employed people in the UK, accounting for almost 11% of the total working population and making an estimated £93bn contribution to the UK economy each year. (Source ~ national STATISTICS)

There are also many others who are either on short term contracts such as Consultants, Engineers, Agency Staff, Teaching Support Staff, etc. who are on irregular incomes and paid by way of contracted time schemes or with bonuses and commissions.

Therefore, a great majority of the Self Employed who are seeking a mortgage can meet with many barriers and, as a result, feel a growing frustration at having been turned down through outdated lending practices.

A number of lenders are now actively seeking to attract Self Employed borrowers and will assess income in a more sympathetic manner, realising that 'one size does not fit all'.

Mortgages where income can be 'self certified' or ‘fast tracked’ may benefit the Self Employed or contracted person and has considerably helped to solve the problem of rejection when applying for a mortgage.

For more information on mortgages for the Self Employed or contracted person, please use the ENQUIRY FORM or call us on 07951 927 795 without obligation.

 

The overall cost for comparison is 6.50% APR
Note: The actual rate available will depend on your circumstances - please ask for a personal illustration

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

 

For mortgage advice you can choose how we are paid: pay a fee, usually 1% of the loan amount or we can accept commission from the lender