Where do you stand?
Traditionally it's been more difficult for the self employed to get mortgages.
While there are mortgage lenders who specialise in the self employed, most lenders will now be much more likely to deal with the self employed
If you've been involved in a particular industry for years this will be an advantage.
Lenders are interested in seeing how employable you are. To give an extreme example; a plumber is probably in a better position than a successful film director because s/he can show regular, weekly work. However, the film director's few months of work here and there may look patchier.
If you're new to your area of business this may prove a problem till you can demonstrate regular income.
If you're on a "short term contract" it will help if you can show you have a regular contract with the same "employer" ie which has been renewed. The longer it's lasted the better. Others may want to see a pattern of renewals over a one or even a two-year period.
Read On / Mortgage Guide
Important note about your credit rating
Many websites don't make it clear that filling in their mortgage enquiry form means you might be credit checked.
This can put you at risk.
UK Mortgage lenders may assume an enquiry you have aleady made to another lender means you were turned down - and not that you are in fact carefully shopping around and rejecting the bad deals.
The best way around this significant problem is to ask an independent mortgage adviser to make anonymous enquiries for you.
Without risking your credit score an adviser can find you the best available mortgage deal. They will also know how likely you are to be accepted by the lender if you decide to make a formal application.
If you would like a recommended adviser to check out the best deals for you, anonymously, simply fill in the quick form below.
" Hmm..." You might think; "Won't I be hounded by a salesman hungry for my business? "
This is the most common question we hear from our users.
The answer is no you won't.
Firstly your enquiry is only passed to ONE person on a carefully vetted list of independent advisers.
these mortgage advisers are professionals. Even
when the market is slow they are busy
people. There many people who need to move homes, or get
a remortgage and are looking for advice all the time.
Regardless of the state of the property market, life goes
So the advisers don't have time to hassle people. It just doesn't work like that. No one is gong to be forced into taking out a mortgage unless they really need one.
The advisers are very used to talking with people, perhaps like yourself, who are only "dipping their toes" into the water.
Many people just want an initial quick chat and if they feel comfortable will ask the advisor to contact them again later - often in several weeks or months. As a professional, the adviser will simply diarise this and call back at the appropriate time. There is no obligation at all.
(In the unlikely event that you ever feel at all "hassled" by someone on our list please let us know immediately. We have never heard of this. But if it happened we would definitely want to know).
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Read On / Mortgage BasicsWhat is a mortgage? A basic summary of the rules The choices you need to make
How much can you borrow?
How do you prove your income?
How long are mortgages usually for?
What will happen to interest rates?
Read On / Mortgage GuideHow to Choose your Mortgage
Types of Mortgage Remortgages
Where to Find your Mortgage
Getting a Mortgage in Principle
Costs of a UK Mortgage
Your Mortgage TOP TIPS
A to Z all UK Mortgage Types