Self Employed Mortgages

We understand there’s a little bit more legwork required to get a mortgage when you’re self employed, which is why we’re on hand to make sue you don’t waste time with the wrong products.

If you’re self-employed, you may be wondering if you’re able to get a mortgage. The good news is you are. Self-employed mortgages are available, they’re just not as straightforward as if you have a typical salary.

Proving What You Can Afford

The main stumbling block for self-employed mortgages is being able to supply proof of affordability.

Being self-employed, you may find your income differs month-on-month. In a lenders eyes, this could be an issue when determining whether you’re able to make consistent mortgage repayments.

Lenders typically want you to have been trading for 2-3 years, and look for 2 years accounts as proof of sustained income and with most other mortgages. These accounts will determine what a lender will let you borrow.

  • If you are a limited company, lenders may look at dividends and salary. They may also look at the company’s net profit.
  • For sole traders and partnerships, lenders will look at net profit as the means for income.

You may find demonstrating sufficient net profit difficult, especially if an accountant has put measures in place to make your accounts tax efficient.

Self-Employed Mortgage Products

Many self-employed applicants have access to similar rates to employed applicants. The products are often similar, but it is the affordability that is the differentiating factor. If you’re self-employed, you’re not limited by the number of products available.

How Can I Improve My Chances of Getting A Self-Employed Mortgage?

  • Make sure you have complete, up to date records of all your business paperwork.
  • Complete a SA302 self-assessment
  • Make use of an independent mortgage broker

Independent mortgage brokers are often well versed in dealing with self-employed mortgage applications. They often have access to a number of lenders and will know where to place your application to give the best chance of being accepted.
Mortgage brokers have the benefit of taking the leg work out of searching an often large number of lenders. You’re also more likely to get a cheaper mortgage deal and not waste time with lenders that may not approve your application.

What Mortgage Will I get?

There so many mortgage deals out there, it can be like trying to find a needle in a haystack identifying the best mortgage deal for you, especially if you are self-employed. However, we are on hand to provide you with our advice and guidance to help you find the best mortgage deal.

We have over 25 years combined experience in helping to provide self-employed mortgages to individuals that need it the most. So rest assured, we know exactly how we can help secure you the best mortgage for your needs.

We will do all the legwork on researching products on the market from the hundreds available, to save you the time and the hassle, so you can spend your time searching for your dream home. We will also walk you through the application and settlement process so we are with you every step of the way.

Trust us, we’re on your side. We’ll give you unbiased advice so you that you can choose from a range of lenders and products, rather than being restricted by the lender you go to directly.

Self-Employed and Want To Remortgage?

As well as helping to provide self-employed mortgages, we also help with remortgaging too.

So if you already have a home loan and wish to remortgage to move to a bigger home or get a better deal, we can guide you in the right direction. You might not be aware, but your existing lender may be more sympathetic if you’re looking to remortgage, especially if you have a good history of making repayments on time.

Amy Bailey
Amy Bailey
2022-05-05
Fantastic fast service! Matt & Kirsti were amazing throughout and always on hand to help with any questions. Would highly recommend!
Anna Elson
Anna Elson
2022-04-26
Matthew and Kirsti at Regal Finance Group were amazing. We had a complicated financial situation and anything we threw at them they dealt with and supported us through the whole process. We took out a mortgage via them and they explained everything clearly. They were very prompt with replies and always had time for us. We couldn't recommend them enough! Thanks guys!
dababy drake
dababy drake
2022-04-21
We first met Richard about 5 years ago, we were trying to sell a property and buy a new one. My father had recently passed away so it was quite an emotional discussion. Richard was very open and honest with us and managed our expectations on what was feasible. Thanks to his advice and guidance then, we are now in a position to buy a bigger house and once again Richard has pulled out all the stops and managed to secure us finance for our dream house. Richard is very professional and always responsive and attentive to our needs. I would definitely recommend the Regal Finance Group, they have enabled us to successfully keep moving up the ladder within our means! Thank you.
Kyla Feltwell
Kyla Feltwell
2022-04-07
Both Matthew and Kirsti were amazing throughout our mortgage process. As first time buyers we had no clue of what to expect or what to do but they were on hand every step of the way to help us through the process and reassure us. We would highly recommend their services
Michaela
Michaela
2022-02-02
Excellent service. Kirsti was very helpful and informative and helped us with our remortgage, life and income protection insurances. Our circumstances were a bit complicated but we got an excellent product we were happy with. We will be using regal finance group in the future and would recommend them to anyone. Matt was also very helpful and we were kept up to date throughout the process
Damian George
Damian George
2022-01-17
Kirsti has been absolutely amazing threw out the hole process. She has responded to every email and even when the solicitors have been a little slow as soon as we have had a concern or questions she has been on them. Just what you need really. It has made the hole process less stressful and made the experience not so daunting. We wouldn't go anywhere now and will always recommend them to anyone. Great job.
Robyn Corroon
Robyn Corroon
2022-01-13
My self and my partner just brought our first home and with out the support from Regal Finance Group it wouldn’t of been possible. We was supported by Richard Power and he was amazing. Richard really helped us understand the whole process as first time buyers there was things we didn’t understand. Richard also helped take the stress out of all the form filling. Richard staying in regular contact and always responded to calls and email in good time. I could not recommend this company and especially Richard Power enough.
Peter Nelson
Peter Nelson
2022-01-12
Our experience as first time buyers using Regal Finance Group was fantastic. Every time we spoke to Matthew and Kirsti, we left the call feeling calm and confident in the process. They helped us through from start to finish with quick responses and a genuine care about us. Couldn't recommend them enough!
Joss Goodchild
Joss Goodchild
2022-01-10
The Regal Finance Group team were incredibly helpful throughout the mortgage offer process. They were always quick to respond, innovative with their thinking and willing to work with us to find a solution. We are very happy with the work they did.
ashley billl
ashley billl
2022-01-04
Richard was reassuring and professional throughout the particularly difficult purchase and mortgage application - The Covid pandemic really added complexity. We always felt responded to with fast, positive and proactive support which made getting the mortgage surprisingly painless. We would 100% go back to him again for a mortgage. As a note his colleague Kirsten was also a star, again responsive and supportive throughout - A big thanks to you both!

SEND AN ENQUIRY

Use the form below

    noun_Telephone_1917212_FFFFFF

    Or Call Our Advisers Now

    0333 016 5416

    Get A Mortgage With Regal in 3 Easy Steps

    One

    Step 1

    Complete an enquiry form and an advisor will call you back.

    Two

    Step 2

    Send us the documents we need.

    Three

    Step 3

    Receive a Decision in Principle from one of our lending panel.

    Got A Question? Get In Touch