Self-Employed Mortgages - The Revolution Guide
Are you self-employed, and imagine that it will be more challenging to get a mortgage than if you were in traditional employment?
The business finance broker team is happy to report that this isn't always the case, and there are plenty of mortgage options out there for self-employed professionals.
It is correct to assume that mainstream lenders often prefer the simplicity of calculating the income of employed applicants. Still, by working with a specialist whole-of-market broker, you have every opportunity to secure attractive mortgage rates.
The key is to ensure you understand how lender eligibility assessments work, and put together an application to a mortgage provider whose self-employed products match well with your circumstances.
Revolution Finance works with competitive lenders, who cater to:
- Contractors
- Freelancers
- Business owners
- Self-employed professionals
Our team is on hand to offer advice every step of the way and negotiate the best rates on the market. For more information and support, contact us on 0330 304 3040 or drop us a message at info@revolutionbrokers.co.uk.
How is a Self-Employed Mortgage Different From a Standard Home Loan?
Self-employed mortgages are pretty much the same as any other mortgage.
However, the calculations for your income differ, as a lender will need to consider your type of employment and an income that is very likely variable.
While many high street lenders will offer self-employed mortgages, this is usually not their primary product. We find that specialist mortgage providers can offer exceptionally competitive rates, mainly when self-employed mortgages are their core type of lending.