self-Employed Mortgages

Did you know…

• You may not need to present three years of accounts – some lenders, in the right circumstances will only require a year’s worth of accounts
• While some lenders will only consider salary and dividends, others will use salary and net profit, and others may even allow self-employed clients to use salary and operating profit.
• As a contractor that pays tax you may not have to be treated as a self-employed person. Some lenders can use income pre-tax (multiples of day rate, or annual contract), which can be very favourable.
• Many lenders will consider not only the self-employed income but also rental income, interest accrued, part-time roles and foreign currency income as well.