Mortgages For Business Owners With Two Year Accounts

As a self-employed business owner applying for a mortgage, you need to provide an SA302 form or full accounts. If you are new to trading or have made recent structural changes, you may need to show that your business is viable. This will showcase to the lender that your business is reliable enough to pay back repayments. Mortgages for self-employed with 2 years accounts are specifically to help those with less financial evidence.

One way you can counteract the lack of finances is by providing contracts for future work. This alongside a detailed business plan and a projection report from a chartered accountant are types of typically requested evidence. This can therefore enable you to secure the funding you need for your dream home.

Some high street banks will provide a mortgage for a self-employed applicant with only two years of accounts. However, there are also specialist lenders available who have fewer restrictions and specialise in self-employed mortgage applicants.

Finding those specialist lenders and securing a decent mortgage deal is no easy mission. You should seek the assistance of an expert mortgage adviser: someone who has helped copious numbers of clients in similar situations.