Self Employed

If you are self employed and have tried to get a mortgage in the past it is quite possible you will have encountered one or two difficulties along the way, namely proving your income and finding a lender that will listen and understand your circumstances. Fortunatley now, there are a handful of lenders who are sypathetic to the needs of self employed borrowers and it needn't be the headache it once was. The majority of lenders will require the last two or three years accounts. If however, your circumstances do not allow this, because for instance you may have become self employed only recently, some lenders will accept one years accounts with an accountants future earnings forecast.

More and more people are now choosing to work for themselves, or on a flexible contract basis to give themselves greater control over their lives and careers. Whilst this can be liberating for you personally, having an irregular income can cause problems when seeking a mortgage. We specialise in helping people who are self-employed and have irregular incomes. Our policy is to offer simple mortgage solutions and advice to all our customers. Here at Motts Mortgages we have access to many lenders who may be able to help you.

Contact us today for an informal and confidential chat to assess your needs.

Download our Mortgage Application Enquiry form below.

Motts_Mortgage_form.doc

For Self-Employed Mortgages the overall cost for comparison is 6.4%APR. The actual rate will depend upon yourcircumstances. Please ask for a personalised illustration. This APR is based on those with a clean credit history.

Think carefully before securing other debts against your home. Your property may be repossessed if you do not keep up repayments on your mortgage.

As independent advisers, you can choose how we are paid.  We usually charge an administration fee of £295, with £75 being payable upfront, the rest being payable on mortgage completion, we will also be paid commission by the lender. Alternatively you can pay us a fee of 1.0% of the loan and we will refund any commission back to you that we receive.

The FSA does not regulate some forms of Buy to Let Mortgages.