Self employed

Date published: 9th Jul 2024

Are you self employed and needing a mortgage? If so please read the below!

With more self employed people than ever looking for a mortgage we believe it is really important that you know the options available to you. It can be very confusing as lenders can consider different types of income from net profit plus salary, to salary and dividends to just net profit!

It is so important to speak to a broker, I have recently dealt with a client where one bank would lend £250,000 based on their income assessment compared to £480,000 from a different lender! In order to make an informed decision when taking a mortgage it is more important than ever to know all of your options! 

 If you are director of a limited company, part of a partnership or a sole trader (including CIS workers) and wondering how your income will be treated and what you may be able to borrow please get in touch and we would be happy to discuss your options with you.

 Your home may be repossessed if you do not keep up repayments on your mortgage.