People who are self employed often have different obstacles to overcome when applying for a mortgage, however this doesn’t mean they are less likely to be approved. We have helped self employed borrowers with various circumstances find the right mortgage for them.

Despite the myth, there is in fact no such thing as a “self employed mortgage” specifically created for people who work for themselves. People who are self employed apply for the same types of mortgages as everyone else, with the only difference being how they prove their income.

Proving Self Employed Income

People who are self employed will be required to provide evidence for much of the same documentation as a salaried worker (PAYE), such as your credit report, however there are addition elements that may also be necessary:

  • Between 2-4 years of business accounts
  • Personal tax returns
  • Previous 12 months contracts

 

It’s important to note that it will depend on whether you are a sole trader, company director or contractor / freelancer in regards to exactly what paperwork will be required.

Free Mortgage Advice For Self Employed

Our mortgage advisers can help make your mortgage application run smoothly and quickly.

Mortgage Advice Scotland

Getting The Right Mortgage For You

Speaking to a mortgage adviser can help cut through any confusion, saving you time and helping to ensure you find the right mortgage.

Our mortgage advisers have years of experience and will know exactly what paperwork is necessary before they begin searching for a mortgage.

Whether you are remortgaging, a first time buyer or require a buy to let mortgage, if you are self employed we are able and happy to help.

Call us today on 0800 112 3690 or use our online contact form and we will be in touch.

Self Employed Mortgage Advice

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Give our mortgage calculators a whirl… they can help you understand just how much your mortgage will cost you each month and how much money you can borrow based on your income.

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Self Employed & Need A Mortgage?

Our mortgage advisers are ready to answer any questions you have.