To apply for a mortgage as a self employed person, you should:
– Present your finances in a tidy way.
– Get your bank statements together.
– Demonstrate any pension payments and past mortgage payments.
Do your preparation carefully because if you are turned down the next lender you apply to will see this and may turn you down automatically.
Remedy why you were failed before approaching other lenders.
This is because if you keep getting turned down it will go on file at the credit reference agencies and look even worse to the next lender – regardless of the exact reason you were turned down before.
You may find it’s best to go through a mortgage broker. They will know which lenders will consider you and should have access to special deals. You may be surprised to find you’re offered a normal interest rate and terms.