I Want To Buy A House But I Am Self – Employed

This question has been put to me many times.

Clients Question.

Will I have to wait until I have three years business accounts, just over a year ago I became self – employed. However it now feels like the right time to buy my first home in Wolverhampton and I don’t want to wait. I don’t really want to go back to being an employee just to get a mortgage. My friends all have different opinions about whether I can obtain a mortgage or not.

Paul’s Answer.

Yes you can obtain a mortgage when you are self – employed by providing just one year’s proof of income. There are lenders out in the market place but of course only a small number. The rates will not be quite as competitive as a mainstream mortgage product because the lender is taking on more of a risk with the self – employed person.

If you have two years plus business accounts then you will have more choice and highly competitive mortgage products, subject to your credit profile and the nature of your self – employed status.

If you like a free consultation and a professional recommendation on the best mortgage for you call Paul on 01902 213201

Leave a Reply

On Key

Related Posts

Do You Need A Fixed Rate Mortgage.

https://youtu.be/q7nycYf6wg8 Do I Need A Fixed Rate Product Paul the mortgage broker discussing mortgage product options If you would like a free chat about your

95% Mortgages

95% mortgages Paul the mortgage broker discussing the latest 95% mortgages If you would like a free chat about your circumstances and a professional recommendation

The Post Budget Property Market

https://youtu.be/tYkIvoYakmo The Post Budget Property Market Paul the mortgage broker talking about what is happening in the housing market now the budget is over. If

The Property Budget

https://youtu.be/1KOx9dvjtLc The Property Budget Paul the mortgage broker discussing the budget and its effect on the property market If you would like a free chat