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It
costs nothing to ask for a professional
advice! |
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It
is a well known fact that self-employed people
struggle to find suitable mortgage arrangements.
With our advice we hope that this will not be
the case. Being one of the 3.3 million self employed
people in the UK you are not alone in your pursuit
for the best mortgage deal in your particular
circumstances.
Whilst
the majority of self-employed people are financially
sound, it has proved often very difficult for
these borrowers to prove a level of their earnings
to the satisfaction of the lender.Follow our easy
guide to help you on your way to find the right
mortgage deal for you.
Can
we help you?
We can help you if the following criteria applies
to you:
- You
do not have three years accounts
- Your
declared net profit times the usual building
society multipliers does not come to what
you want to borrow.
- You
have not been running your business for a
long time.
- You
work largely on commission or as a contractor
- You
income from a number of employers
Why
us?
-
We offer specialist advice to you and don't
charge an arrangment fee.
- We
have over 200 advisor who will find the best
deal for you in your particular circumstances.
- It's
a simple process. Just fill in the application
form and one of our many advisors will contact
you as soon as possible.
Since 1979, self-employment in the UK has risen
from 7.4% to 13.3%. Mortgage lenders have recognised
this growing market, and there is now a number
of lenders competing with each other for the market
share. Assessing your income There are two ways
of assessing your income as a self-employed applicant,
which particular one you use depends on the mortgage
you want.
(a) Self Certification: This is a very
simple way of detailing your income without providing
audited accounts. The following concerns when
applying for a self-certification form:
·
You want to borrow less than a 75% loan to the
value of the future property. (some may let you
to 85%)
· Information will be supported by the results
of numerous credit searches.
· You may be asked to submit previous mortgage
statements.
· You may be asked to provide an accountant's
certificate saying your income is sufficient to
service the loan requested.
(b) Status: This method applies to people
who want to borrow more than 85% of the value
of the future property. Normally called non-status,
however, to us you have a status, as you are self-employed.
You
could have problems if you have been trading for
under three years especially if your accounts
show a downturn in the last few years.
Whichever
method of proving your income you choose, note
that a credit check will be carried out. Anyway,
before you get all down beat don't worry. Our
advisors are free and specialised in finding the
best mortgage deals for self-employed people.
Just fill in the application form below and one
of our several advisors will get back to you within
the next few hours.
Other points:
- As
a self-employed person you may be asked to
put down a substantial deposit. On average
this works out around 20-25%.
- If
you've been involved in a particular industry
for years this will be an advantage. Lenders
are interested in seeing how employable you
are. To give an extreme example; an electrician
is probably in a better position than a successful
movie actor because s/he can show regular,
weekly work, whereas the actors' few months
of work here and there may look patchier
Don't
forget that our advisors are free. Just fill in
the application form below and one of our several
advisors will get back to you within the next
few hours.
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It
costs nothing to ask for a professional
advice! |
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Customer Care Code
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