0208 364 3444
This week, we’re focusing on how we provide solutions for self-employed individuals, contract workers, and company directors who might find the path to securing a mortgage more complex.
Irregular Earners & Self Employed
If you’re self-employed or working on a contract basis, you might feel that the mortgage process is stacked against you, requiring you to jump through more hoops than salaried employees. You’re not alone.
Approximately 15% of the UK workforce is self-employed, and many others are augmenting their income with side businesses or buy-to-let properties. A recent study revealed that more than half of self-employed individuals believe that their chances of buying or renovating a property are slim due to anticipated difficulties in securing a mortgage.
How We Can Help You
Our experienced brokers have worked tirelessly over the years to build relationships with a number of specialist lenders that can help.
So whether you are on a fixed term contract, recently self employed (with less than 2 years of accounts) have a zero hours contract, or a limited company director taking a basic salary plus dividends, or even wishing to borrow on the retained profits in your company rather than the salary and dividend actually paid, we have access to lenders that can help.
For those contractors whose income is derived from a day rate contract we also have lenders that will base the borrowing on the higher day rate rather than the often lower salary and dividend.
Get In Touch Today
We’re experts in managing the unique financial complexities faced by self-employed individuals, from sole traders and company directors to contractors.
Our team is ready to provide you with tailored advice and support to help you navigate your mortgage options effectively. Get in touch now on 0208 364 3444 alternatively click here to schedule a free consultation call.