Self-employed Mortgages
More and more people across Wirral and Liverpool are moving from employed to self-employed and now with millions of you taking on the challenge, why is the mortgage world still so far behind?
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Lenders can appear to have stricter requirements and eligibility checks, proving your income could be more difficult and every lender has their own rules.
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But don't worry, it's still perfectly possible to get a self-employed mortgage and there are plenty of ways you can improve your chances. Your first step should be to reach out to a self employed mortgage advisor.
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These include finding the right lender, building up your deposit, improving your credit score and getting your finances in order.
Finding the Perfect Mortgage for Your Needs
Our team of experienced mortgage advisors are experts in getting self employed mortgages approved. We understand the complexities of self employed mortgages and the criteria that lenders use to assess applications.
We can give you the tailored advice needed to make sure you get the right mortgage for your needs. We are committed to providing the best service and getting you the mortgage you need as quickly as possible.
What is counted as being self-employed?
Mortgage lenders may have slightly differing definitions of what being self-employed is. But typically if you own more than 25% shares of the business from which you get your main income, you'll be classed as self-employed.
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Being self-employed could mean you're:
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A sole trader
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A limited company director
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A partnership
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A contractor
How much can I borrow for a self employed mortgage?
Mortgage lenders usually want to make sure the borrower can pay back the loan. They will look at how much money you make each year and usually let you borrow up to 4 or 5 times that amount. If you are self-employed, it is important to show your business and tax records so the lender knows how much money you make.
A mortgage broker can help find a lender who is right for your situation. You might also be able to borrow more if someone else helps with the loan, like a partner or family member.
We are self employed mortgage brokers based in Wirral and we specialise in helping business owners and entrepreneurs to make mortgages easy. Our team work with self-employed people all across the UK from Liverpool and Wirral, to London and Cardiff; wherever you are, we'll help you find the right lender and boost your chances. ​
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Being self-employed brings many rewards in life; freedom to make your own choices, a work life balance, however when it comes to buying a home it can often pose some problems with many lenders putting hurdles in place.
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That's where are Wirral based mortgage advisors come in. We're whole of market mortgage advisers with access to over 80+ different mortgage lenders. With a proven track record of helping self-employed people get a mortgage, people just like you. If you are looking for mortgage advice Wirral contact our team today.
