Category Archives for Self-Employed & Business Owner

Don’t Forget The Cost Of Buying Or Moving

So many people come to me with a deposit but they haven’t thought about how much it is going to cost to buy a property. Buying a home could be possible with a 5% deposit, there are a limited number of lenders who will consider this, especially if you are self-employed with a growing business. […]

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How much can I borrow as a sole trader?

This week I have had a lot of phone calls from sole traders who have an income of £12k per year asking me for mortgages of £300,000+. Now although they feel this is affordable, we live in a mortgage world that means income must always be proven with formal documents. If you a sole trader […]

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3 Things That Stops Company Directors Getting On The Property Ladder

I deal with thousands of business owners every year, and a good number of those are company directors.  As such, I have a great understanding of the reasons why mortgage applications fail. It usually comes down to three reasons for company directors. Deposit Credit Proving Income Mortgage applications are decided on lending criteria and decisions […]

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How to buy a home if your credit rating sucks

The recent economic downturn has trapped many people in difficult financial situations.  If you’re one of these people and you are looking for a way onto the property ladder, having a bad credit history can really feel like a kick in the teeth when it comes to applying for a mortgage. The high street lenders […]

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Good News For Self-Employed Business Owners Trying To Get A Mortgage?

There are 4.75 million self-employed people in the UK, according to the Office For National Statistics.  This number has grown steadily and shows no sign of slowing down.  It’s more important than ever that we talk about those Self-Employed business owners who try (and fail) to get a mortgage. Do you know what? I think […]

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Everything You Need to Know About Getting a Self-Employed Mortgage

Finding a mortgage as a self-employed person can be difficult. Here are some of the key questions we get asked every day. Our helpful answers will give you some reassurance that getting a mortgage is certainly possible as a self-employed person. Can I get a Self-Employed Mortgage? Being Self-Employed doesn’t mean you can’t get a […]

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Commercial Mortgages vs Residential Mortgages

commercial v residential mortgages tower blocks glass

Commercial mortgages are just another facet of the humongous mortgage market. When you’re self-employed and your business world melts into your home life, how do you know that you’re still getting the best of both worlds when it comes to a mortgage? For many self-employed people it can be difficult to navigate the mortgage minefield […]

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What do lenders look for with my earnings?

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Whether you are employed or self-employed, mortgage lenders are going to go through your bank statements with a fine tooth-comb. Here are some of the main things they will be looking out for in your earnings, and some tips on how to get ready in advance. Your income, expenses, money managing skills and future predictability […]

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How much can I borrow?

how much can i borrow mortgage self-employed

When you start house-hunting, one of the first questions you will need to ask is, “how much can I borrow?”. Unfortunately there’s no simple answer. Every mortgage lender uses a different set of criteria to assess your application which means the amount you can borrow can differ. This isn’t helpful, especially when you need to […]

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7 things Self-Employed people can do to get a mortgage

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Getting a mortgage when you’re self-employed can be tough if you aren’t armed with the tools you need to fight the lenders. Traditional banks often don’t seem interested in many of the things that make you a viable borrower. We understand your pain and have compiled 7 tips to help self-employed people like you secure […]

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