How to Get a Mortgage Being Self-Employed
A step by step guide It is not very difficult to get a Mortgage if you are self-employed. However, a popular misconception that self-employed applicants have is that they will be unable to get a mortgage or that they are only eligible for a subprime mortgage. It is true that the self-certification mortgages are no longer on the market but for self-employed people, the mortgage market is as open to them as it is to anyone else. Lenders are very open to self-employed applicants, and if you use a mortgage broker, you will obtain all the information and advice needed to help an independent applicant in the mortgage process. I have listed out a step by step guide on the process to enable you to get the best mortgage for your particular needs. Get your accounts in order Most lenders are happy to give mortgages to self-employed people who have been trading for at least three years and have two years accounts or self-assessment tax returns available. However, if you are unable to get ...