Before the recession hit in 2008, self-employed people could confirm their earnings verbally without any requirement to show proof. The door on this type of finance is firmly closed and is banned in the UK.
The truth is that most high street banks see you as high risk. So in return, they make their criteria for self employed mortgages tougher for you to qualify.
We work with lenders that are designed specifically
These lenders want your business so when you combine that with our excellent relationship with these lenders you stand a much better chance getting the mortgage you deserve.
Unless you're a contractor with previous experience in the same field then the answer to this question is 12 months.
Unfortunately lenders want to see a minimum of one years trading history before they will accept an application.
Most high-street banks use an average of your last 2 years income. We have key relationships with lenders that are happy to lend based on your most recent years income rather than take an average.
The rates are really competitive and often help you achieve a much higher loan amount. Get your personalised mortgage quote today.
We believe in placing the best specialists for the right jobs.
We understand this market better than most because it's what we've chosen to hone our knowledge and skills in.
This increases your chances of being accepted for a mortgage and on the best terms possible.
You wouldn't want a plumber to fit your electrics now would you!?!
Firstly there are no fees payable upfront. Once we've found a solution for you and understand the amount of work involved a broker fee is agreed.
There is no obligation for you to proceed at this point.
Assuming you're happy to go ahead we'll then take care of your application. Only when the mortgage is officially accepted and you receive your formal mortgage offer will the broker fee become payable.
No risk, just how we like it.
The good news is the specialist lenders we work with are more flexible than ever.
Our expert advisers take time to understand your credit issues BEFORE making any applications otherwise you could be making your situation even worse than when you started.
We recommend you get a copy of your recent credit report and our advisers can tell you normally the same day whether you're likely to get a mortgage.
Firstly, your mortgage expert calculates whether it’s cheaper to stay with your existing lender versus going elsewhere.
They also look at secured loan costs to ensure this isn’t a cheaper alternative. Once they’ve completed all their research they push ahead with the cheapest terms possible.
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