DO YOU RUN YOUR OWN BUSINESS?
Lots of self employed people find getting a mortgage a bit trickier. We can see why the self employed client might feel that way. It just feels like lenders asking for more and more and more documents from the self employed……
Don’t panic though! We are here to help. This is an area we are experts in.
We’ll speak to your accountant direct for you (obviously with your pre agreement) to get what documents you need. We’ll then do the preparation and speak to lenders and then come back to you with what options you have. Our aim is always to take the stress and hassle out of arranging a mortgage for you.
“HORSES FOR COURSES”
We’ll ask you some simple questions, then get the data from your accountant. Let us use our years of experience to place you with the most appropriate lender.
Whether you are a sole trader or Limited Company Director, an equity partner in an LLP or a contractor, we’ll have dealt with someone like you in the past and know where to start our search for your mortgage deal.
Profits? Drawings? Salary and Dividends? Again, just leave it to us. Arrange a no-obligation chat for more details. We’re here to help!
FINDING YOU THE BEST DEAL
We’ll work with your accountant to get the accurate information we need to make a judgement call on who is the best lender for you. For example, directors of limited companies….. some lenders use salary and dividends, some use salary and share of the net profit. The difference in borrowing capacity can be significant depending on which lender you speak to. The days of 3 years’ trading accounts seem to be gone now. Most lenders want either 2 years’ accounts or figures from HMRC, but we do have a panel of lenders who will use 1 year if that’s all you have. Get in touch for a no obligation chat. Run it past us. We’d love to help.
THE LEGAL STUFF
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Our initial mortgage consultation is free. Elevation Mortgages usually charge a fee for mortgage advice. The amount charged is dependent on the amount of research and administration needed and will be discussed and agreed with you at the outset of any conversations.
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.