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Self employed mortgage guide.

A Hassle-Free Guide to Documents for Your Self-Employed Mortgage

Securing a mortgage when you're self-employed can be intimidating, especially when you're uncertain about the required documents. How do you demonstrate your business viability and assure lenders that your income is mortgage-worthy?

Our concise guide walks you through the essential Documents You'll Need for a Self-Employed Mortgage and provides tips on securing stellar mortgage offer with ease.

Understanding Self-Employed Mortgages

While mortgage products are the same for all applicants, the key difference lies in proving income. For employed individuals, it's straightforward – payslips and a P60. But for the self-employed, it's a bit more intricate. This guide, coupled with a knowledgeable Mortgage Broker experienced in self-employed cases, streamlines the process.

What Documents Are Required?

Document requirements vary based on your business structure – sole trader, partnership, limited company director, or contractor. Engage your accountant early, informing them of your property plans. For Sole Traders and Partnerships:

  • SA302 forms from HMRC

  • Self-Assessment Sole Trader accounts (last two or three years)

  • Business and personal bank statements (last three months)

  • ID documents (passport, driver’s licence)

  • Council tax bill, utility bills, and a credit report

For Limited Company Directors:

  • Finalised Limited Company Accounts (recent and previous tax years)

  • Self-Assessment accounts (if additional self-employed income)

  • SA302 forms from HMRC

  • Director payslips, dividend drawdown slips

  • Business and personal bank statements (last three months)

  • ID documents and a credit report

Boosting Your Lender Approval Chances

Increase your chances of approval with these steps:

  • Ensure accuracy on the Electoral Register

  • Maintain a good credit score and clear outstanding debt

  • Consider a higher deposit (15-20%) for a more favourable mortgage offer

As experienced Mortgage Brokers, we assist self-employed individuals in securing mortgages from various lenders. Starting a conversation with us about your property plans gives you a head start. We simplify the process by helping you compile necessary documents and submitting them, along with your mortgage application, to the lender. Our expertise ensures a smooth experience.

Ready to navigate the world of self-employed mortgages effortlessly?

Mortgage broker in Birmingham servicing the whole of England. If you are looking for Self employed mortgage advice in Birmingham then we can help you.


Ape head mortgage advisor
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