We will assess your situation in great detail to determine how to execute your transaction in the most efficient and timely manner possible.
Our recommendation, which has been derived from a full assessment of your business accounts, along with a precise understanding of you and how your business operates.
We have access to specialist lenders who provide mortgages to those borrowers who fall outside of mainstream lending criteria.
They operate in niche markets, have underwriters assessing cases individually and understand that a one-size-fits-all lending policy doesn’t suit many borrowers. However mainstream mortgage lenders routinely lend to the self-employed too and you may not need to use a specialist.
With both specialist and mainstream lenders, you should have full access to the choice between fixed and variable rate mortgages including tracker mortgages. If you are looking to re-mortgage there would potentially be access to the lender paid legal costs and a survey being paid for too.
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.
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