Self Employed Mortgages
Self Employed Mortgages: Being Self Employed is hard work and running your own business is tough. Sadly getting a mortgage when you are self employed can also be hard work. First Select Mortgage Brokers are experts in helping self employed borrowers get a mortgage. We have access to the widest selection of lenders from High Street Banks and Building Societies to specialist self-employed lenders
Self Employed Income
We understand that self employed business owners will take tax advice on how to legally reduce their tax burden. However this can be an issue with it comes to applying for a mortgage and demonstrating affordability. We work with a range of accountants who advise their clients to do just this and we work lenders who understand and appreciate this.
Tax Returns & SA302s
You may have payslips, but if you own more than 25% of your business, then most lenders consider you self-employed. Also, it is more common these days to have more than one source of income. We are likely to need your Tax Overviews and Tax Calculations and your accountant can provide them for you.
We have access to a range of lenders who can consider the following:
- 1 Years trading history
- Salary + Dividend + directors loan income
- Contractors & Freelancers
- Projection of future income certified by an accountant
- Combination of all of the above
Why choose First Select Mortgage Brokers?
Our team of friendly experts will explain the process of applying for a mortgage and guide you along the journey. We can explain the entire process and provide FCA regulated advice and recommendation on the best financial solutions for your circumstances, based on your preferences.
- A dedicated Mortgage Adviser
- Direct access via phone, email and WhatsApp at every stage
- Mortgage Decision in Principle / Agreement in Principle (DIP / AIP) certificate
- Whole of market mortgage advice and recommendation
- Life Insurance & Income Protection Insurance
- Clear communication and regular updates
Did you know? Self Employed people are the backbone of the British Economy. In 1975, 8% of workers were self-employed; by 2019, this had increased to more than 14%. This rise has been driven by ‘solo self-employment’ workers without employees. The level and growth of solo self-employment in the UK are among the highest in OECD countries.
Read our Free Information guide for Self Employed Mortgages.
Have more time? We have published a Free Information Guide for Self Employed Borrowers. It is a short 4 minute read and can be accessed: here
Contact us
About us
First Select Mortgage Brokers are friendly and professional mortgage brokers. We can access mortgages from the whole of the UK mortgage market, meaning we can get the best possible deal for our clients circumstances. Based in Manchester, we are a family business with decades of experience in financial services.
Our team of experts are ready and waiting to help. Contact the team below:
Phone: 0161 393 1575 // 07780 446 937
Email: hello@firstselectfs.co.uk
Visit our Contact Us page to make a formal enquiry
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References & Disclosure:
https://www.theguardian.com/money/2018/feb/17/self-employed-mortgages-home-loans
https://ifs.org.uk/publications/what-does-rise-self-employment-tell-us-about-uk-labour-market