Self employed and need a mortgage?

Running your own business can be a time consuming affair and we appreciate that it is not easy working on your own and you may have staff as well.

It can get even more complicated when it comes to getting a Mortgage, for most Lenders will require details relating to your company, its performance over the last 3 years along with its projected performance over the coming year. That's all O.K. if you have the time to pull all the figurers together and are happy for the lenders to see you ‘bottom line' on which they will make their informed decision.

But what happens if you have just started out or you don't want them to see your bottom line

This is where Abbey Finance can assist you and put your Mortgage Offer together for you – allowing you to get on with running your business. We work with Lenders who understand the requirements of the Self Employed and cater specific products for that market.

Is their a down side?

Unfortunately Yes and No. The yes side is that you will have to find a larger deposit, the minimum being 10% of the purchase price and that you will not be able to get a 100% mortgage. The NO side means that you are placing an immediate 10% equity within your property, you decide the price of the property that you can afford and in most circumstances you don't have to produce all the accounts that most Lenders will require. AND if your credit is not perfect we may still be able to obtain the Mortgage albeit at a slightly higher rate.

Yes it does and yes it is. For the Self Certification Mortgage was introduced primarily for the self employed.

Call Abbey Finance and see how we can help you – the advice is free.

We can not promise you a Mortgage BUT we will listen no matter what your circumstances are.

SOLVING YOUR MORTGAGE PROBLEM SIMPLY

ABBEY FINANCE

0845-4567-847

Just click here to fill out our simple on line Mortgage Enquiry Form, it will only take a few moments.

enquiries@abbeyfinance.biz

Actual rate available depends on circumstances ask for personalised illustration. The overall cost for comparison is 7.9% APR. Our representative fee charged is 1.25% of amount borrowed. APR variable and based on a usual case.

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