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Self Employed Mortgage
Finding the best deals for yourself and guiding you through the process of securing a mortgage.
Most lenders will require an accountant’s certificate completed by your accountant
to confirm a number of key metrics about your business which could include; turnover, Profits, any losses dividends, salary, etc.
to confirm a number of key metrics about your business which could include; turnover, Profits, any losses dividends, salary, etc.
SELF EMPLOYED MORTGAGES
Leodis Financial is a team of specialist mortgage, always finding the best deals for yourself and guiding you through the process of securing a mortgage.
Some of the circumstances under which we provide specialist mortgages are:
- First time mortgages with good and bad credit.
- Self-employed mortgages with minimal accounts.
- Low deposit mortgages.
- No or poor credit mortgages
- Re-mortgages or moving home
- Buy to let mortgages for limited companies and individuals
What are self-employed mortgages.
If you are self-employed like a builder, plumber, or contractor it can be more difficult to get a mortgage as you will have to prove how reliable your income is, on most occasions lenders will view clients as self-employed if you own 20%+ of a business that you earn your main income from.
As there isn’t an employer to confirm the borrower’s annual salary, the borrower is required to provide lots more evidence of their income
- You could get the same competitive mortgage deals as employed clients.
- We can check the profits in your business when completing the mortgage application.
- We have access to some lenders who are prepared to consider the latest set of accounts only.
What information is required for a self-employed mortgage?
To provide proof of your income to the lenders, the following information will need to be provided to them for assessment.
- More than 2 years of accounts, to confirm the net profits.
- Tax year overviews from HMRC for the last 3 years.
- Evidence of retained profits if you are the Director of the company.
- Evidence of any future company contracts (if you are a contractor).
Most lenders will require an accountant’s certificate completed by your accountant to confirm a number of key metrics about your business which could include; turnover, Profits, any losses dividends, salary, etc. As well as providing evidence of your income, you will also need to provide:
- At least six months of bank statements. (business and Personal)
- Passport and driving licence
- Council tax bill
Lenders will want to check your bank statements to see what outgoings you have to make sure that you can afford the mortgage repayments.
There are several ways of increasing your chances of getting accepted for the best mortgage for yourself when you are self-employed:
- Speak with Leodis Financial brokers
- Check and correct any mistakes on your credit report
- Make sure you are registered on the voters role
- Save a larger deposit
HELP KEEP MORE POUNDS IN YOUR POCKET – TALK TO US ABOUT YOUR REQUIREMENTS TODAY.
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