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!