Self-employed mortgages

Borrowing as a self-employed person

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Alex Cheema does not provide Mortgage advice. This service is by referral only.

Anything written on this site is for educational purposes only.

Issues for self-employed people seeking a mortgage

  • Issues for self-employed people seeking a mortgage
  • Can involve a lot of time
  • Assessment of financial status can be complex and onerous
  • Banks don’t give advice anymore
  • What happens if your mortgage is rejected?
  • Understanding risk & the broader economic backdrop
  • Knowledge of the mortgage market
  • Managing what happens after your mortgage is offered…

Benefits of using a specialist mortgage broker for the self-employed

  • Applications made through an adviser can often go through quicker & save you lots of time
  • Broker knows how to present your information to a mortgage lender & takes the complexity out of the process
  • A specialist mortgage broker will give you advice to ensure a smooth & success application
  • By using specialist broker, they will help you to secure the most suitable mortgage & avoiding a potentially expensive, worst case scenario. Our aim is to help you secure a successful application.
  • A good adviser will advise you how to structure your mortgage in view of risk and broader economic backdrop
  • A good adviser will help every step of the process, ensuring you get the most suitable outcome
  • A good adviser will ensure that you have a good, problem free experience, from start to finish.

When it comes to getting any mortgage, opting to do it yourself you can involve a lot of time trawling websites, comparing best buys and traipsing round various lenders. All of this takes time and it can be hard to know if you’ve made the right choice. It’s a fact that mortgage applications made through an adviser can often go through quicker, principally because we know the criteria used by each lender and are on hand to supply answers to any queries that might be raised.

This becomes even more significant when you run your own business, whether as a sole trader or in a self-employed partnership, a contractor or the director of a small company. The days of self-certified mortgages for the self-employed are long gone, and assessment of financial status can be complex and onerous, requiring you to jump through more hoops to prove your income. Also, paying yourself tax-efficiently using legitimate planning strategies can count against you when applying for a mortgage, which is why it is essential that your mortgage adviser works closely with your accountant & financial adviser.

MatthewSelf-employed mortgages