Mortgage Options

Are you a self-employed or sales commissioned individual? If you are, you may be have a problem finding a suitable mortgage from the big banks. Mainstream banks and building societies will not necessarily offer the self-employed borrower the best deal - if they offer anything at all. They prefer to cater for the needs of the majority - who just happen to be in standard full-time employment.

There are a sizeable number of workers either self employed or currently working on a contract basis. Whilst they are financially sound, it is often difficult for these borrowers to prove a level of their earnings to the satisfaction of the lender. A handful of mortgage lenders have recognised this and try to welcome these customers. These specialist lenders understand the needs of the self employed borrower and continually look to improve the terms and features of their mortgage products to meet the needs of the market.

For example, whilst a mainstream lender will ask for up to three years' audited accounts from a Certified Accountant before considering a mortgage for self employed, the specialist lender will be far more accommodating. Specialist lenders look to provide innovative mortgage solutions to individuals, appreciating that different working patterns require a more flexible approach.

Call one of our helpful consultants today and we will help you get on the property ladder.