Self Employed Mortgages
UK - USA - Canada

Self-employment is an unpredictable and sometimes risky business. Individuals who are self-employed may, as a result, encounter difficulties obtaining a mortgage. Even if they have a good credit rating and history and generally be financially sound, mortgage companies often require a little more convincing before they issue a mortgage to a self-employed individual.

Mortgage Quotes - Click Here

Mortgage lenders normally require at least 3 years worth of accounts and financial records, approved by a certified accountant, before they consider issuing a mortgage to a self-employed individual. This is sometimes just the beginning of the difficulties that a self-employed individual may encounter when applying for a mortgage or other loan.

The solution to these problems can be found by companies who specialise in dealing with the self-employed, and who can often provide mortgages when there is nowhere else to turn. These specialist companies issue mortgages that present you with a more flexible way to pay your mortgage when you are self-employed; they understand the unpredictable nature of running a small business (by recognising that there are periods of both high and low revenue), and try to reflect this in their mortgage deals.

One of the many options provided by mortgage companies who specialise in providing mortgages for the self-employed is a self-certification mortgage. This is one in which the application process avoids the usual detailed procedure of proving your business earnings via audited accounts or employers references. The applicant will normally be asked for a deposit in the region of 10% for such a mortgage.

Other useful self employed mortgages sites