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.

Kiran
Kiran
2024-01-15
Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!
L Fowler
L Fowler
2024-01-04
Matthew and his team have gone above and beyond to help us with our mortgage. As first time buyers we decided to seek advice from a mortgage advisor. After having an offer accepted on a house we needed some support with the mortgage fairly quickly and Matthew managed to fit us in out of usual hours to suit us. We had a very detailed call with him and all our questions were answered. From this point onwards Kirsti managed our application and the whole process was fast and effortless as they managed everything. We made the best decision using Regal finance. If you choose to go with Regal you’ll be in good hands.
Jamie Wells
Jamie Wells
2024-01-04
I can’t recommend regal finance group enough. Kirsti and Matthew have been amazing. They are so quick to respond and the advice they give has been so helpful. Don’t hesitate to get in contact if you need a mortgage. Thanks Jamie and Lauren
Sam Powell
Sam Powell
2023-12-07
Excellent service and company
Erion Andoni
Erion Andoni
2023-10-10
I recently had the pleasure of working with Rick to secure a mortgage for my new home and a buy-to-let mortgage for my existing property. Rick's assistance was truly invaluable throughout the entire process. Rick effortlessly guided me through both processes, making sure every detail was covered. His commitment to assist and his availability and willingness to answer my questions, no matter how small was exemplary. Rick's expertise in mortgages was impressive. He made a complex process seem straightforward. I wholeheartedly recommend Rick as a mortgage broker. He is not only skilled but also genuinely cares about his clients' success.
Yolanda
Yolanda
2023-09-27
I did my due dilligence looking at various brokers and was pleased to have received excellent help and direction from the Regal Finance Group. From the lead advisor to the administration team we were kept updated and communication was steady. Our situation was not an easy one for the team but they persevered and assisted us well.
Peter Nelson
Peter Nelson
2023-08-22
We've had a great experience with Regal Finance Group both getting our mortgage initially and now re-mortgaging a few years later. Particulalry during the current turbulent market we really appreciated how calm they made us feel by presenting our options clearly and answering all of our questions. We'd highly recommend them, they have really taken the stress out of mortages!
samantha sothcott
samantha sothcott
2023-08-02
Matthew and Kirsti at Regal Finance have been absolutely brilliant through a difficult remortgage. Always available to talk through anything and explain processes when needed. I would definitely recommend their services and thank them for their guidance.
amy evans
amy evans
2023-08-01
Kirsti and Matt were super helpful and always at the end of the phone to explain everything in detail to me. They saved us a lot of money and had great contacts to use and everyone worked together really well to get it over the line in time. Would highly recommend
izzy P
izzy P
2023-06-15
Can not recommend enough! Matthew and his team gave me the most amazing support throughout my process. Buying a property for the first time can be daunting and Matthew gave me fantastic advice and talked me through everything in as much detail as I needed.

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