You’ve probably been told that you are never going to be able to secure a mortgage because you are self-employed, right? Well, think again! Yes, there is no denying that getting a mortgage is difficult, but this is the case for everyone – not just the self-employed.
The key to securing a mortgage that is right for your unique situation is getting advice from someone who thoroughly understands it, which is what you can expect from Contractor Mortgages Direct.
How To Increase Your Chances Of Securing A Self-Employed Mortgage
There are a number of things you can do, including:
- Seek specialist advice
- Gather a healthy deposit
- Have a good credit history
- Showcase that you have a good track record of regular work
- Understand how the way you set up your business has an impact
Understanding Your Mortgage Options If You’re Self-Employed
When it comes to self-employed mortgages, it is important to understand the options that are available to you. Firstly, you must understand that every lender is different. While there are a number of lenders who aren’t really interested in self-employed clients, there are also those that are very accommodating of your situation. Moreover, while some may require two year’s worth of accounts, there are those who only need 12 months. It is then important to recognise that all self-employed individuals aren’t the same. Your payment structure could be entirely different to someone else’s.
Because of this, you need someone who thoroughly understands all of the self-employed mortgage products out there, and someone who takes the time to assess your unique working circumstances – someone who already has an expert understanding of the contractor work structure.
This is exactly what you have with Contractor Mortgages Direct. We have years of experience in the industry, and we can help you to find the best mortgage based on your unique circumstances. We will also ensure you have the best chance of being approved by presenting your application in the right way. After all, we recognise that payslips do not always give a true reflection of someone's earnings.
Contact Us Today For More Information About Self-Employed Mortgages
Please do not hesitate to give us a call today if you are self-employed and you are looking to secure a mortgage. No matter whether this is your first mortgage or you simply were not self-employed when you bought your first home, we can assist you. We have thousands of mortgage products available, and we have helped many applicants over the years. Call us with all of your queries and we will answer them without obligation.
Give us a call to get a comprehensive quote tailored to your position and circumstances as a contractor, get in touch or call us today and speak to one of our expert mortgage brokers on 0203 827 8560.