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Mortgages for the Self Employed
Self employed and looking for a home loan?
We know that there are different challenges facing you as opposed to people that earn a salary or wages.
Firstly, being self-employed means that your accountant will try to present your financial accounts in a way that reduces the amount of tax you have to pay.
Unfortunately, this is usually the opposite of what you need to show to get a mortgage from a bank.
We are experienced in reading financial accounts and have skills in extracting a number of items within them that can be added-back into the income side. On top of this we understand that some banks are happier to take self-employed income than others and will also allow just one-year of trading results instead of two or more.
If you are self-employed and thinking of purchasing, get in touch with us – we’d be happy to help.