You may have been told that securing a mortgage is nearly impossible if you’re self-employed. But think again! While it’s true that obtaining a mortgage can be challenging, this applies to everyone, not just the self-employed. The key to finding the right mortgage for your unique situation lies in seeking advice from someone who truly understands your circumstances, and that’s exactly what you can expect from Contractor Mortgage Solutions.
Tips to Improve Your Chances of Getting a Self-Employed Mortgage
There are several steps you can take to increase your chances of securing a self-employed mortgage:
Seek specialist advice
Save up a healthy deposit
Maintain a good credit history
Demonstrate a solid track record of regular work
Understand how the structure of your business impacts your mortgage application
Understanding Mortgage Options for the Self-Employed
When it comes to self-employed mortgages, it’s crucial to understand the available options. Each lender has different criteria and approaches. While some may be less inclined to work with self-employed individuals, others are accommodating and flexible. Additionally, while certain lenders may require two years’ worth of accounts, others may accept just 12 months. It’s important to recognize that self-employed individuals are not all the same, as payment structures can vary significantly.
That’s where Contractor Mortgage Solutions comes in. We have in-depth knowledge of all the self-employed mortgage products available and take the time to assess your unique working circumstances. We understand the intricacies of the contractor work structure and can leverage our years of experience to help you find the best mortgage options tailored to your specific needs. Furthermore, we’ll ensure that your application is presented in the best possible way to improve your chances of approval. We understand that traditional payslips may not accurately reflect your earnings.
Contact Us Today for Self-Employed Mortgage Information
If you’re self-employed and seeking a mortgage, don’t hesitate to reach out to us. Whether it’s your first mortgage or you’ve transitioned to self-employment since your last home purchase, we can assist you. With thousands of mortgage products at our disposal and a proven track record of helping applicants like you, we’re well-equipped to address all your inquiries without any obligation.
For a comprehensive quote tailored to your contractor position and circumstances, please get in touch with us today. Call our expert mortgage brokers at 0203 827 8560.
