Our Exeter team have put together a short guide on getting a mortgage when you're self-employed.
Dom Beer and Chris Beer - Our Exeter Self-Employed Mortgage Advisors
What qualifies as self-employment when submitting a mortgage application?
During your mortgage application, you will be regarded as self-employed if you hold more than a 20% share in the business that constitutes your primary income source. This includes being a sole trader, partner, director, or a contractor operating through a limited company. Typically, our Exeter mortgage advisors will require evidence of your income for the past two full tax years.
What sets self-employed mortgages apart from standard mortgages?
Since you might not possess payslips to verify your income, we'll require specific documents to ensure your ability to borrow the necessary amount for your home purchase. The documents listed below serve as a guide, but your situation is distinct, and we may request additional documents during the application process.
What documents do you need for a self-employed mortgage?
For your income, you will be required to provide specific documents for your most recent and the preceding complete tax year.
Speak to our team about self-employed mortgages
We understand that you will have lots of questions that will need answering. Our Exeter advisors are here to help you every step of the way and provide you with peace of mind.
Our Exeter team are ready to take your call and assist you with any questions.
About Beerstone
Beerstone Financial Services was established in 1996 by Chris Beer, our Founding Director, who still plays a key role in the company and ensures we maintain the best service.
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Beerstone Financial Services was established in 1996 by Chris Beer, our Director, who still oversees the company and ensures we maintain the best service.
In total we have over 30 years of experience in financial services working in a range of environments so you can be sure that your situation is in experienced hands.
Speak to our team
Visit our offices: 2 Southernhay West, Exeter, EX1 1JG
Beerstone Financial Services Ltd (542704) is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Beerstone Financial Services Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. ABC Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.'