The Self Employed Mortgage Specialists

Securing mortgages for the self-employed

A good mortgage deal when you are self-employed can be hard work to secure (and when you are self-employed you know the true meaning of hard work!). Active will do that legwork for you, whilst you focus on running your own business.

Entrepreneurs and self-employed business owners are what keep this country running and our economy growing. Active do not want you to be distracted from running your business: stressing and struggling to secure a mortgage deal that reflects the work you do and the income you generate.

Let us guide you through the process

Our preparation tips for successfully applying for a mortgage if you are self-employed include:

Step 1

Prepare your certified earning reports for as far back as possible, at least two years but some lenders may ask for 5 years. So it’s best to have as many as you can. You need to show that your business is profitable.

Step 2

HMRC tax reports – for at least the last two years

Step 3

Contracts – you need to prove that your earnings will continue. Remember you are proving to a lender that your business is secure, and they can be confident in your ability to pay back the mortgage. This could potentially be more important if your business has had a slower year recently.

Step 4

Use a chartered accountant to sign off your accounts; a mortgage lender will look more favourably if you do.

Step 5

Check on your credit score and look at improving it before the application. This can be done in a number of ways: ensuring you are paying off as much credit card debt as possible; you are on the electoral roll; and paying your bills on time.

There are no special self-employed mortgage rates available from lenders, instead it is about being able to obtain a mortgage deal, without the security of an employer confirming your income.

Use our self-employed mortgage calculator today to see how much you could borrow and what type of mortgage rate you might be able to get.

There are more steps involved in securing a mortgage when you are self-employed, but it is not impossible: a specialist self-employed mortgage adviser can take the task on for you.

Are you wondering how to get a mortgage when you are self-employed? The answer is simple: ask Active. Our expert mortgage advisers help business owners like you every day, to find the mortgage deal that you deserve. 

Self-employed mortgage lending is our speciality, and we have experts that focus exclusively on finding top notch mortgages for our self-employed clients. So, you know you are in safe hands.

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