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Tax: Hoist with your own petard?

Most mortgage lenders only consider net rather than gross income to calculate the amount they will lend.

This may be a problem if you have - perfectly legally - offset expenses against earnings to minimise your tax bill and can't show that you can afford as large a mortgage as you feel you can.

The answer to this problem may be a Self-Certification Mortgage.

These don't require proof of income though the lenders will check that you will be able to afford the payments with your accountant.

Some lenders will accept applications from the self employed who don't have an accountant.

 

To read more on this subject please see the list below or your mortgage guide or your home buying guide

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below

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Read On

Self Employed: Where do you stand?

How much can the self employed borrow?

How do the self employed prove their income?

Tax: Hoist with your own petard?

Which type of mortgage

Self Certification Mortgages

How to apply




Read On / Mortgage Guide

How 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

Calculators

A to Z all UK Mortgage Types

 

Read On

Guide to Home Buying in the UK

UK Home and Mortgage Insurance

Life Insurance UK Guide

Glossary of Mortgage Terms

UK Mortgage News

 


 


 


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Value of Property    £
 (eg 159000)
Borrow How Much? £
 (eg 125000)
Your Morgage Type  
Do you want to Self Certify?  
 
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Date of birth:    
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Read on about Mortages and being Self-Employed

or

See full contents of How to get a Mortgage

or

See contents of Home Buyers Guide

or

I've read enough for now and want to get a free Quick Mortgage Quote




Mortgages for the Self-Employed

Self Employed: Where do you stand?

How much can the self employed borrow?

How do the self employed prove their income?

Tax: Hoist with your own petard?

Which type of mortgage

Self Certification Mortgages

How to apply

Contact a Self-Employed Specialist Adviser Here


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