Self-Employed Specialist Mortgage Brokers in London

A self-employed mortgage is a mortgage type that is designed for individuals who work for themselves, such as freelancers, contractors, or business owners. Lenders rely on documents like tax returns, SA302 forms, or business accounts to assess income levels. 

If you're a freelancer, contractor, or a business owner, a self-employed mortgage is the best choice for you. Here are some of the reasons you should consider it:

Access to conventional products: It allows you to access traditional options like interest-only deals, fixed rates, or tracker mortgages.

Specialist understanding: Lenders in this market often know how to navigate challenges that are unique to each industry.

Personalised income assessment: To determine your true income level by analysing your financial structure based on your business type.

Flexible eligibility: It is most suitable for individuals with no stable income. 

If you’re a freelancer, contractor, or business owner, a self-employed mortgage is often the most suitable option. Here’s why:

• Access to the Same Products as Employed Borrowers: Self-employed mortgages give you access to the full range of traditional mortgage options — including fixed-rate, tracker, and interest-only deals — just like employed applicants.
• Specialist Understanding: Lenders in this market understand the unique challenges faced by different industries and can assess your income in a way that reflects your true earning potential.

For a self-employed mortgage, lenders typically ask for two years of accounts, as this provides a stronger track record and a wider range of lending options. In some cases, certain lenders may consider one year of accounts, depending on your circumstances and the type of mortgage.