We went with Mortgage ABC this year as first time buyers and I cannot recommend them highly enough. John was our broker and was always at the other side of the phone or email for anything we needed, or any questions we had, which was often quite a few! This year, when there were unprecedented times for everyone and everyone was adapting to remote working etc, John remained in constant contact with us throughout. He was highly professional and we were never in doubt that our application was being handled to the best of his ability. I would highly recommend John and Mortgage ABC for any first time buyers looking to take the stress out of the application process, we moved in to our home in December and I have no doubt we would have had a much more stressful and complicated process, had it not been for John.
Applying for a loan when you are self-employed can be fraught with difficulties as the banks often struggle to understand your affordability and capacity to borrow.
The only real difference for a self-employed borrower to that of a PAYE borrower is that it’s more difficult for a bank to work out whether you can afford to meet your mortgage repayments into the future. A PAYE borrower provides 3 payslips to show their income while a self-employed person has a more complicated financial situation – there is no certain income and a bank will need to look at the last 2 years business accounts and personal tax returns to calculate the income. Our team of mortgage advisors are qualified and can interpret complex financial data and make your case simple to understand.
We have the knowledge and expertise that provides you peace of mind to help you reach your dream of home ownership or increasing your investment portfolio. Talk to us today to find out for yourself!