SELF-EMPLOYED MORTGAGES
If you’re currently self-employed you should be able to receive a mortgage easily, assuming you have been trading while with good records and a good record history. Whether you are a sole trader, contractor, company director or partner, we’ll be able to advise on what fits your needs.
Hunter & Cole Associates can advise you on the process, which documents you need and how much you can borrow. We are a very experienced independent financial services company based in Waterloo, with an excellent team of specialist mortgage advisers.
WE CAN ARRANGE SELF-EMPLOYED MORTGAGES FOR:
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Sole traders - usually lenders look at your income trends over recent years to assess your eligibility
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Contractors - for contractors’ longevity and the stability of your income are key factors in getting a mortgage
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Partners and company directors - mortgage lenders will look not just at your net profit, but your retained profits, dividends and salary
HOW MUCH CAN I BORROW?
Generally lenders allow you to borrow up to five times your annual income for mortgages, and the same rule applies with self-employed ones. If you have only just started trading, you may need a larger deposit than usual.
IMPORTANT INFORMATION
Your home may be repossessed if you do not keep up repayments on your mortgage.
