4 Key Things you must know before applying for a self employed mortgage

Discover how to ensure your self employed mortgage application has the best chance of success

For any self-employed person, getting an affordable mortgage can be tricky. But it doesn't have to be.  With the right knowledge and specialist advice, sourcing a competitive mortgage deal can be surprisingly straightforward.

Here's four key things you must know before you apply...

1. It's possible to maximise your borrowing potential by using your company's latest profit figures, not just your salary and dividends.
2. A broker specialising in self employed mortgages can provide you with access to deals from niche lenders. Many will consider lending even if you're credit history is poor.
3. Just 1 years trading history is required.
4. You'll need a minimum 5% deposit. 95% LTV (loan to value) mortgages at competitive rates are entirely possible, regardless of whether you're a company director, contractor or sole trader.

Ready to discover your mortgage options?