Simplifying Self-Employed Mortgages

newly self employed mortgage

Self-employed mortgages just got easier

There are numerous ways you can obtain a mortgage when self-employed and depending on your situation there will be different lenders who can be approached.

What income are you looking to use for your mortgage application is an important question- however, what income the lender chooses to use is even more important as it may be not the set of figures you were hoping they would look at.

Let’s consider just some of the different scenarios where you will need one of our experienced mortgage brokers to assist you:

getting a home loan self employed

Recently changed to Ltd company from Sole trader

If you’ve recently changed from Sole trader to a Ltd company director getting a mortgage can be difficult as some lenders can “reset” the typicaly 2-3 years histroy and/or evidence required.

However, we have lenders who can ignore this recent change in some cases. 

If you’ve recently become self-employed, you may find it tricky to get a mortgage, as lenders typically look for a history of 2-3 years. 

However, we have access to lenders who are happy with a one-year set of figures and/or are happy to take a view on projector earnings provided by your accountant in some situations.

one year self employed mortgage
Simplifying Self-Employed Mortgages

A recent change in earnings in the most recent year can be an issue as the lenders will want to understand the reason for the change and could decline for fear the business is not on a stable footing for the future. 

We have access though to lenders who can look past a recent decline in profits where there is an understanding of why this has happened. I.e Covid-19 etc

Most lenders like to see the latest full completed set of accounts to consider a self-employed applicant. Often this can be no convientant as your accounts are completed later in the tax year.

Thankfully, though, we have access to lenders who can consider your latest set of accounts, typically up to 18 months old. 

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What clients are saying about us

Based on 52 reviews
Georgiana Olescu
Georgiana Olescu
Paul is an amazing broker, very helpful, responsive to emails and patient with customers. The process with him was quick and easy as his work ethic is impeccable. We are beyond impressed and happy with his services and that we got to work with him.
Valerie O
Valerie O
Exceptional service provided by Paul, I could not have asked for better. Definitely does his due diligence and goes above and beyond. Highly recommended!
Bonnie Frost
Bonnie Frost
Paul is a fantastic advisor and guided my husband and myself through the entire process of buying our first home, he made the entire process feel easy and we were well informed along with great communication and fast action. We completed within 3 months of contacting Paul.
Johnathan Lowery
Johnathan Lowery
Working with Paul has been a hugely positive experience. Paul took the time to understand our needs and financial situation, ultimately securing us a mortgage deal that we would not have been able to obtain on our own. His guidance and patience over an extended time was invaluable in guiding us through a volatile period in the property market. I highly recommend working with Paul at Your Property Financial.
Adeel Sarwar
Adeel Sarwar
It has been great working with Paul. He helped us to redeem our help to buy equity loan which didn't seem possible to me when I first contacted him. It took much longer than expected due to many obstacles but Paul explained every step of the process very clearly and he regularly communicated with me to ensure the remortgage went through as efficiently as possible. I would definitely recommend working with Your Property Financial.
I would highly recommend Paul as a mortgage broker. As a first time lone buyer I began the process feeling very out of my depth, particularly in a market where mortgage rates are very high. But from the get go Paul provided reassurance and practical guidance and has been immensely helpful throughout the process. I've really appreciated his responsiveness, honesty and support.
Louise Griffiths
Louise Griffiths
I reached out to Paul 2 years ago and giving this review now because I wanted to ensure that I could give a true review of what benefits I have experienced from using his service. I am thrilled with the financial expertise given to me by Paul. His skillful negotiation secured me an excellent mortgage rate within a short turn around time. This has not only set me on the path to paying off my principal balance but has also allowed me to simultaneously build a solid emergency fund. His initial guidance has been invaluable in shaping my financial future. I look forward to working with Paul again, once my 5 year plan is near its end. Highly recommended!
Calum Hebron
Calum Hebron
Paul has been consistently excellent, ensuring we got the best possible mortgage deal at a time when rates weren't great. Paul worked with us to understand our financial complexities and went above and beyond to ensure they were understood by mortgage providers. We've been made to understand every stage of the process, and as first time buyers we were able to feel confident in the decisions we made. I would highly recommend working with Paul at Your Property Financial.
My almost a year-long journey with Paul as my broker has been truly amazing, despite a few hiccups during the mortgage process. Working with him has been the best decision ever! As a first-time buyer, I lacked knowledge about purchasing a home, but Paul's guidance and expertise were outstanding. He explained things in a clear and concise way. What impressed me the most was Paul's responsiveness. He promptly addressed all my questions and concerns, never making me feel like a bother. Even when I faced challenges, Paul's determination and problem-solving skills were unwavering. I felt so supported throughout the entire process. Thanks to Paul's unwavering support, I managed to reach this point. I highly recommend him to anyone, especially fellow first-time buyers. Paul's knowledge, patience, and reliability are unmatched. He's not just a broker; he's an invaluable ally in this complex process. Thank you, Paul!
Alistair Prestidge
Alistair Prestidge
Paul helped me to get my Mortgage approved in less then 48 hours! He has been great and I can’t recommend him highly enough. His communication is excellent, and he helped me understand each stage of the process easily. Thank you so much for helping me buy my very first home! I will most certainly be recommending Paul to friends & family!

Let’s consider some scenarios where you might need assistance from one of our experienced mortgage brokers.

The benefits of being self-employed

mortgage advisor

Being self-employed carries with it many advantages like being able to pay yourself more tax efficiently potentially, choosing how much to pay yourself and also deciding to retain earnings to be paid in a completely different tax year.

However when it comes to the mortgage lenders very often “view” things differently from what you might think and often focus solely on your “taxable earnings” which for all the right reasons might be quite low. 

For this reason, it’s important and frankly beneficial to have a mortgage broker support you who has access to lenders who are more friendly to self-employed applicants and income. 

What do you need to know about self-employed mortgages?

An overview of the self-employed mortgage application process:

Getting a mortgage when you’re self-employed is tough, but don’t worry we can help 

Our team of mortgage brokers are specialists in helping you navigate all of the different rates, fee’s and deals to make sure you end up with just the one mortgage that’s right for you. We also help manage the whole process for you so it’s nice and straightforward.

Often, the lenders will make assumptions or, even worse, let the computer make the decision on whether to lend to you; this is where we step in to ensure you get the correct consideration for your application, and we help present your application in the most suitable light; increasing your chances of acceptance on your first application.

Why choose us

mortgage broker london

We’re experts in the field – Our team of brokers are specialists with helping our self employed clients obtain the most suitable mortgage rate and terms whilst also navigating the different requirements and often compliance underwriting that lenders put on self employed applicants.

We can find great deals at speed – Access to over +90 lenders, so you will get the most suitable rates and terms available with many of these lenders not available on the high street, which are exclusive to brokers.

Excellent relationship – Real relationships with the lenders so we can get your application pre-approved if your situation isn’t straightforward. Plus, your mortgage broker is there to answer all the questions you may have.

 ✅ Rapid solutions – We’re quick, on our first call, we will quickly establish your options and let you know the next steps so we can arrange everything promptly for you.

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