Lockhart Grey Financial Planning Ltd

In the past, many self employed individuals may have found it difficult to gat a self employed mortgage, as lenders did not fully understand and therefore cater for such demands. Now, with hundreds of thousands of self employed people in the catering for individuals looking for self employed mortgages is more straightforward.

If you need a self employed mortgage, your financial circumstances maybe more complex that your employed counterparts. It can make sense to consult Lockhart Grey Financial Planning who can search the marketplace for the most appropriate self employed mortgage for you.

To prove your income you may have to provide 2 or 3 audited years accounts or inland revenue self assessment returns, depending on the mortgage lenders lending criteria. These should show that you can afford to repay the mortgage based on your net profit. Some lenders self employed mortgage criteria may not be suitable to you.  Many will take an average of the past three years’ income rather than just looking at what you have earned in the current year, if your accounts have shown a reduction in any of the past three years some lenders may not offer you a mortgage and if your business is younger than their provable income requirements then a self-cert mortgage (or self certified mortgage) may suit your needs instead.

The key feature of self certification mortgages is that the borrower does not have to give the lender proof of income; you just declare your earnings and the lender may accept this.

If you are looking for a bad credit self employed mortgage or a poor credit self employed mortgage on a self certified basis then we are able to source a lender and product that will suit your adverse self employed mortgage needs. Your mortgage finance will depend on your own financial situation

With Lockhart Grey Financial Planning’s Mortgage Service it’s never been easier to obtain a self employed mortgage. We can guide you through the process explaining exactly what happens at each stage and in a language you understand. We can help you in dealing with an estate agent, provide an experienced solicitor and will help you through every step to completion via our experienced processing team.