Through our association with LB Group, a UK top 75 Accountancy Practice, we have developed extremely specialist knowledge around arranging mortgages for those who work for themselves or own their own business.
We understand that the figures recorded on a tax return or in company accounts may not show the full picture.
We work with our clients to present their application as positively as possible to make sure the lenders have the full information they need to make a lending decision.
With lenders being more sceptical towards those with irregular income, self-employed borrowers often have to go to further lengths to prove to lenders that they are a worthy investment. Due to the complexities of how income can be earned and drawn from your own business, the way in which lenders will view your circumstances can be very different. Despite this, there are still a number of lenders who are willing to offer competitive mortgage deals to self-employed buyers, providing that you can prove to them that you can afford the mortgage.
As we review the whole of the market, we will check the availability of mortgages from mainstream high-street lenders. For the more complex cases, we also have access to lenders that offer mortgages specifically for the self-employed only. These lenders tend to use a more bespoke approach to assessing the suitability of any new mortgage.
It is also important to take into consideration that the amount that you will be able to borrow will be primarily based on the amount of money that you earn.
Whether you are a sole trader, in a partnership, an LLP or running your own limited company, at LB Mortgage Solutions we can help evaluate your situation and help you in finding a mortgage that fits your self-employed needs.