Do you have your own company or work for yourself?

There is a common assumption and a big myth surrounding mortgages with regards to the for self-employed, who apparently find it really difficult to get a mortgage. We at Watt Mortgage? break the myth and can confirm this is all hear say. 

All you need is the right broker, who will work with you on the preparation for your mortgage journey, together we can show you that mortgages for the self-employed are not more difficult.

We can guide you on what documents we need to obtain from your accountant or HMRC directly. We aim to make the whole process seamless, with many years of experience and members of our team being self-employed specialists, this helps you secure the most suitable mortgage. As a company we understand the self-employed client, we are also self employed here so can understand the situation from a personal view too!

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Who can we help?

• Sole traders

• Limited company directors

• Equity partners in LLPs

• IT contractors or those on fixed-term contracts/day rates, etc.

• Construction CIS contractors

Finding you the best deal

We will work with your accountant to get the most accurate information we need, this will allow us to work out which lender is the most appropriate to approach for a mortgage.

Some examples:

For directors of limited companies, some lenders use salary and dividends, some use salary and share of the net profit (after Corporation tax usually). The difference in borrowing capacity can be significant depending on which lender you speak to and how you and your accountant run the business and your personal income.

There is another myth that needs busting, the old saying of you need 3 years of trading accounts seems to be a thing of the past. Majority of lenders want either 2 years’ accounts or figures from HMRC, but we do have a panel of lenders who will use 1 year if that’s all you have, so there could always be an option.

Please get in touch and book a free no obligation consultation!

Our initial mortgage consultation is free. Watt Mortgage? usually charges a fee for applicaitons. The amount we will charge is dependent on the amount of research and administration required and will be discussed and agreed with you at the earliest opportunity.

Get in touch to find out how we can help you…

Fill out the form below or give us a call on:

0208 037 7667