There are over 3 million self-employed people in the UK. These people may find it more difficult finding a mortgage from a mainstream lender.
We at Mortgagemap can connect you to a mortgage adviser who specialises in this type of situation.
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Those is standard full-time employment have a guaranteed income to rely on and can get references from their employer as well as be able to show payslips proving their income. Mainstream lenders like this as reduces their perceived risk.
If you are self-employed or perhaps working on a short-term contract, you could be financially sound, and able to keep up payments easily, but that doesn't make it easy for you to prove you'll keep up payments to your lender. They want to know that you'll be able to keep up payments for 25 years, not just over the next year.
Should you be on a short-term contract, you are not guaranteed to get another contract, and should you be self-employed you have to chase payments and are working on contracts as well.
The Mortgagemap website has several links down the left hand side of the page that may be of interest to you. We can help if you are self employed, a company director or have difficulty proving your income.
If you would like to talk to a Mortgage broker who is experienced in dealing with this type of situation, please complete our mortgage enquiry form.
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