You might have heard that securing a mortgage while self-employed is an uphill task. But here’s the good news: it’s absolutely possible! While it’s true that obtaining a mortgage can be challenging, this applies across the board, not just to the self-employed.
The key to finding the right mortgage for your unique situation lies in seeking advice from someone who truly understands your circumstances. That’s precisely what Mortgage Knight excels in.
Tips to Boost Your Chances of Securing a Self-Employed Mortgage:
- Consult with specialists.
- Save a substantial deposit.
- Maintain a good credit history.
- Demonstrate a consistent work record.
- Understand how your business structure affects your application.
Understanding Your Mortgage Options as a Self-Employed Individual:
In the realm of self-employed mortgages, it’s crucial to comprehend the available options. Not all lenders are alike. While some might not favour self-employed clients, others are more accommodating. Additionally, requirements like the duration of accounts might differ, with some lenders asking for two years’ worth and others only requiring 12 months. Recognize that each self-employed individual’s circumstances vary, including payment structures.
That’s why it’s essential to have someone well-versed in all self-employed mortgage products, someone who takes the time to evaluate your unique working situation—someone with an expert understanding of contractor work structures.
At Mortgage Knight, we possess extensive industry experience. We’re here to help you find the best mortgage tailored to your circumstances. Moreover, we’ll assist in presenting your application in the best light for approval. We understand that payslips might not always accurately depict earnings.
Contact Us for Information About Self-Employed Mortgages:
If you’re self-employed and seeking a mortgage, don’t hesitate to reach out. Whether it’s your first mortgage or your self-employment began after your first home purchase, we’re here to assist. With a vast array of mortgage products and a history of helping numerous applicants, we’re ready to address your queries without any obligation.
Give us a call for a comprehensive quote that suits your contractor position and circumstances. Reach out or call us today to speak with one of our expert mortgage brokers. We’re here to help!