Self Employed Mortgages / Home Made By The Lathams Episode 6

Описание: Self Employed Mortgages / Home Made By The Lathams Episode 6

Getting a mortgage when you're self employed can be a little more complex, but it's very possible. Very often we hear "it's not possible", but that's not the case...

In this video, we talk about:

Misconceptions around self employed people finding it hard to get a mortgage.
How lenders will assess income and what track record they're looking for.
Why lenders are looking for confidence in your accounts as a business / self employed individual.
The importance of having a sustainable income and profitability.
Businesses are often run in the most tax efficient way possible, but this can have an effect on your mortgage affordability on paper.
Limited company, company directors, self employed, share holders, dividends and so on... This can all vary and impact your mortgage, affordability and application.

Sadly, businesses can and do fail, around 30% do in the first two years of business. Revenues can be up and down, and lenders need to see enough concrete evidence and confidence in your accounts before considering your application.

Simply put - you just need the right guidance for your circumstances.

Seeking advice is the best step forward. A mortgage broker like us will guide you through the process and explain everything.

Even if you're not buying a property for a while yet, speak to us now to help you get yourself in a desirable position. Especially if maximising your affordability is a priority for you when the time comes...

If you are buying a home and would like support alongside your mortgage, we are always happy to help guide you through what to expect.

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