Mortgage deals for people who are self employed or find it hard to prove income

 

UK Shops : Mortgages : Self Cert


1st 4 Self Certification Mortgages

Experts in arranging self cert mortgages and remortgages for the self employed and other people who find it hard to prove their income. Under self certification mortgage schemes, individuals make a declaration as to what their income is but no proof of income is required. Contact this mortgage broker if you are looking for a self certified mortgage deal.

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ABC Mortgages

Advisors specialising in mortgages for the self employed, company directors, contractors and freelancers. Deals available with only one year of accounts needed.

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Ability 2 Repay Mortgages for Self Employed

Mortgage broker specialising in arranging mortgages and remortgages for self employed persons. They have access to mortgage products from specialist lenders which are designed to suit the needs of entrepreneurs and contract workers. Specialist lenders take a more holistic view of income and expenditure where the self employed are concerned instead of imposing the same affordability rules which apply to applicants in full time employment.

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Aldermore

Self employed friendly lender who won't automatically turn you away because of your employment status. They examine each application and make a decision based on your individual circumstances rather than an automated credit scoring system.

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Best Self Employed Mortgage Deals

Independent broker with extensive experience of assisting self employed people get a mortgage. Depending upon your circumstance they will either place your application through a standard high street lender or one of the specialist lenders. The major advantage of using a broker if you are self employed is most of the specialist lenders do not deal directly with applicants so you have to approach them via a broker. As a self employed borrower there a deals available at 90% LTV including fixed rates over 2 or 5 years.

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Coventry Building Society

Provides a solution for individuals who are self-employed, or are employed and have diverse sources of income who may find it impossible to provide the standard proof of income most lenders need to assess an application for a mortgage. Offer a range of self-certification mortgages, up to a maximum loan to value of 85%.

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Ipswich Building Society - Self employed

Persuading a lender to give you a mortgage when you are self employed is a major concern according to this building society. As lenders demand robust evidence of affordability, many self employed applicants fail normal lending criteria. Ipswich promise to consider each application on its merits and they value human judgement over automated computing decision making. They will accept one year's accounts verified by an accepted accountant and will consider mortgages of up to 90% loan to value (LTV). They welcome applications from a variety of professionals and tradespeople including doctors, solicitors, dentists and vets.

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Kent Reliance

Lender who deals with applicants who have complex income cases such as company directors and other self employed people where historic and future income doesn’t follow a consistent pattern. Many mainstream lenders simply aren’t interested in these kind of cases, but as this lender underwrites all applications individually they can say 'yes' where others may automatically so 'no'. To get a mortgage with Kent Reliance, you need to approach a broker of financial advisor as they don't deal directly with the public.

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Saffron Building Society

Lender who appreciates the particular issues faced by self-employed borrowers and contractors who work on a short-term contract basis.. This lender is ideal if you are newly self employed as they welcome applications from borrowers who have just 12 months’ accounts. Providing you are 21 or over, can show 6 months personal and business bank statements and provide a projection of your future earnings, they should be able to help assuming you meet their eligibility and lending criteria. They underwrite all applications individually and can help if you’re a first time buyer, moving home or looking to remortgage.

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