"If you are self-employed it can sometimes be difficult to prove your income and as a result difficulties may arise when obtaining a mortgage."
Self-Employed
In recent years a very common trend has been the switch from employed to self-employed, and many people have difficulty proving their total income in the early years.
Many customers have income that comes from several sources, some of which a traditional lender may disregard when assessing the loan amount of a borrower.
Self-Certification mortgages can be the solution in certain circumstances, as the whole income may be used by lenders to assess the borrowing capacity of an individual.
With this ever-increasing trend, many lenders are willing to lend on an affordability basis, simply looking to see that you can afford their payments. This can significantly increase the potential size of borrowing capacity.
We have access to the whole market. There are many lenders out there that can fund loans under these circumstances, and we can provide comprehensive advice in this area.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
The overall cost for comparison is 6.6% APR. The actual rate will depend on your circumstances. Please ask for a personalised illustration.