Mortgage for taxi drivers including self employed minicab and UBER driving roles are not always easy to obtain. The key consideration is how much cab fare money has been accounted for in your self-assessment tax returns. If you do not have your tax return to hand then I would suggest you login to your HMRC account and pull off your Tax Calculations for the last few years or speak to your … [Read more...]
Mortgages based on net profit of a limited company
Using Net Profit criteria for mortgage affordability for shareholding directors. Want to know how you can borrow more using your Net Profit for a mortgage then you have come to the right place. Traditionally Mortgage Lenders have looked at the directors’ remuneration (salary) and dividends drawn when assessing affordability of a residential mortgage. This blanket approach makes sense for … [Read more...]
Recently Self Employed Mortgage options
I am Recently self-employed can I obtain a mortgage as I dont have my accounts filed yet? The high street mortgage standard for Recently Self Employed Mortgage applicants is a minimum of 2 to 3 years trading. There are a growing breed of centralised Mortgage Lenders that will accept 1 year’s trading typically at a slightly higher interest rate. It starts to gets tricky though if you are … [Read more...]
Self Employed 1 Years Accounts Mortgage
Self Employed 1 Years Accounts Mortgage So how does getting a Self Employed 1 Years Accounts Mortgage really work. Being self employed is as popular as ever but can be problematic for Mortgage Lenders to justify sustainable income to service their mortgages when the trading period of the company is short like just 1 year. The good news is there are now growing band of Mortgage Lenders … [Read more...]
Self employed with bad credit mortgage rates
Self employed with bad credit mortgage solutions even for people with 1 years accounts: Missed payments, defaults, CCJs accepted Can work of last year’s account / Tax return figures Deposit levels as little as 10 to 15% Missed payments on communication bills ignored If you are Self employed with a bad credit mortgage products are going to difficult to obtain and the chances are … [Read more...]
Can I use my last years self employed income for a mortgage?
I am self employed can I use my last years self employed income for a mortgage or do I have to take an average of the last three years? The good news is we have a number of lenders that will consider last years self employed income for a mortgage rather then taken an average to include previous years. If you are reading this page I assume you believe this stance will be beneficial as it should … [Read more...]
Self Employed Mortgage based on last years accounts
Self Employed Mortgage - Borrow more when using the last year’s net profit If you need a self employed Mortgage working from you latest years account then you have come to the right website . It could be me but the ‘r’ word (recession) seems to have been dropped out our vocabulary, as businesses are putting the worst years behind them and continuing to march out of the doldrums, mortgages should … [Read more...]
Guide to getting a Mortgage for self-employed applicants
2015 guide on getting a Mortgage for self-employed applicants. A must read for all entrepreneurs looking to buy property. Following the regulatory mortgage market review (MMR) last year the lenders have implemented changes to the way they assess self-employed income. MMR requires lenders to ensure future income is ‘sustainable’, past performance serves a good guide, but does not necessarily … [Read more...]
Mortgage for self employed IT consultants
Mortgage for self employed IT consultants operating as limited companies or sole traders Work off your daily contracted rates rather than your accounts Up to 90% loan to value mortgages for IT consultants Foreign nationals working on a tier 1 or tier 2 visas accepted We offer a range of contractor and self-employed suite of products If you work as a self employed IT consultant … [Read more...]