Mortgages

 

Self Employed Mortgages

There are Self Employed mortgages and as many as 3.2 million people in the UK are self employed.

The Self Employed mortgage is ideally suited to someone who has been trading for 3 years and has accounts to illustrate this. Please note that if you are a company director owning more than 20% of the share capital the lenders will still class you as self employed even if your salary is PAYE.

A Self Employed mortgage is generally suited to someone who is also self employed but has difficulties in proving their income, has more than one source of income or someone who works on short-term contracts.

If you are able to display your last three years trading accounts then the interest rates available will be lower than for those seeking a Self Employed mortgage without full proof of income. Generally for both these mortgage types a minimum deposit of 25%, but the greater the deposit you have the more products will be available to you.

Luckily there is now a great choice of self cert mortgages and self cert remortgages available and our advisors will be able to investigate your own circumstances and recommend the most ideal products for you.

For Self Employed mortgages the overall cost for comparison is 6.5% APR. The actual rate availiable will depend upon your circumstances. Ask for a personalised illustration. This APR is based on those with a clean credit history.

Your property may be repossessed if you do not keep up repayments on your mortgage.

For more information on how we are paid for mortgages please click here.

Grovelawn Financial Services, Gemini House, Hargreaves Road, Swindon, Wilts, SN25 5AZ — T: 0845 458 2633 — F: 01793 706 533 — E: enquiries.ignore@grovelawnfinancial.remove.co.uk