Self Employed Mortgages

Self Employed

People become self-employed for various reasons. It could be to grow a thriving local business or a lifestyle company to allow you more time with the family. Whatever the reason or however you have decided to set your company up it could ultimately lead to lenders asking a vast array of underwriting questions which in turn makes the self-employed feel as if obtaining mortgage finance is difficult.

Lenders like lending to people they consider to be at a low risk of defaulting on their monthly payments. If you’re self-employed, lenders will want to see proof of a steady income over time.

 

What is a self-employed mortgage

There’s no such thing as a ‘self-employed mortgage’. You are going to get a normal mortgage, you just have to jump through more hoops to prove your income than someone who is on a company payroll.

Given the level of complexity, the variety of lenders and their criteria that are currently on the market for self employed mortgage borrowers, an experienced and knowledgeable adviser is invaluable and a great place to start when looking for your mortgage. As a whole of market adviser, we are able to search a huge number of mortgage rates and lenders to find you the very best deal.

Nicholson Brown Limited is authorised and regulated by the Financial Conduct Authority under register number 671013.

Your home (or property) may be at risk of repossession if you do not keep up repayments on your mortgage or loan secured upon it.

We do not charge for our initial consultation, however we charge a brokerage fee for residential and buy to let mortgage applications. The fee is dependent upon the complexity of your case and is typically up to £500, payable upon completion of the transaction.

This website is subject to the UK regulatory regime and is therefore primarily aimed at consumers based in the UK.

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