Interest Only Mortgages and Remortgages

Self Employed Mortgage

There are dozens of mortgage lenders offering thousands of mortgage products. Even so, if you are one of the UK's 3.3 million self employed, you may still have a problem finding a suitable mortgage on the high street. Mainstream banks and building societies will not necessarily offer the self employed borrower the best deal - if they offer anything at all. They prefer to cater for the needs of the majority who just happen to be in standard full time employment.

There is a sizeable number of workers either self employed or currently working on a short term contract. Whilst they are financially sound it is often difficult for these borrowers to prove a level of income to satisfy a mortgage lender. A handful of mortgage lenders have recognised this and look to welcome customers in these situations. These are the specialist lenders who understand the needs of the self employed borrower and continually look to improve the terms and features of their mortgage products to meet the needs of the market.

For example, whilst a mainstream lender will ask for up to three years audited accounts from a Chartered or Certified Accountant before considering a mortgage for the self employed, the specialist lender will be far more accommodating. Specialist lenders look to provide innovative solutions to individuals, appreciating that different working patterns require a more flexible approach.

It is with this in mind that some lenders offer flexible mortgages to take into account fluctuations in income from self employment allowing the borrower to 'Self Declare' their earnings without the need for audited accounts. However it is not only the self employed who can benefit from this type of mortgage. Employed customers who do not wish to prove their earnings by means of payslips or a P60 can take advantage of a 'Self Cert' mortgage.

There are currently around 14,000 mortgage products on the market. Each product offers different features and benefits that may or may not be of use to you.

Our mortgage partners will talk to you about your circumstances and source the best product for you.

The process is as easy as 1,2,3..

1. Fill out the simple form through the logo below..

2. Wait for a call back within three business hours

3. Talk through your needs and get a fast decision

 

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