Self Employed Mortgages

The process of applying for a mortgage when you are self employed is different to that if you are employed, this is mainly due to the variety and sources that may make up your income.

If you are self employed, instead of supplying your lender with payslips as a proof of your income, you will need to either: provide copies of your audited accounts, which will normally be for the last three years trading period or you may have to Self Certify your income to your lender.

There are several lenders that recognise and accept many different sources of income and therefore Veritas Mortgages could assist you by selecting the most appropriate lender for the income(s) that make up your ablitity to afford and repay the mortgage or loan.

Some lenders will allow you to Self-Certify your income within certain limits which can be helpful in avoiding the preparation of accounts or providing the documentary proof which may not be readily available to confirm your income level.  While this can streamline the application process it is important that repayments are affordable to you in the context of your income stream.

Veritas Mortgages has extensive experience in arranging mortgages and loans for self employed people.
Would you like to discuss your income sources and verify how much you could borrow?

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