Glossary - Understanding Industry Terms
What is a self employed mortgage?
You can certainly be self-employed and secure a mortgage for a new home. You will need to provide some extra information to your mortgage lender to demonstrate your ability to manage your monthly payments.
It's worth noting that there isn't a distinct 'self-employed mortgage.' You'll be applying for the same type of mortgage as anyone else. Applying jointly with someone who isn't self-employed could potentially improve your chances of mortgage approval.
Typical questions that our mortgage advisors get asked about this topic
On the topic of mortgage for the self employed, our Southernhay mortgage advisors are often asked questions such as:
How does a mortgage work if you have your own business?
How many years do you have to be self-employed to get a mortgage?
How hard is it to get a mortgage if you're self employed?
How much can I get on my mortgage if I am self employed?
If you are self employed and would like to know more about the mortgage options available for you, please get in touch with our Southernhay mortgage advisors today.
We are trusted by thousands of customers across the South West
For more than 25 years, our mortgage advisors have been providing honest and impartial advice on a wide variety of topics.
Our team of mortgage advisors have helped customers across Devon in areas such as Southernhay, Ottery St Mary, Exeter, Exmouth, Newton Abbot, Tiverton, Sidmouth, Crediton, Cranbrook and Cullompton to name but a few. If you would like to arrange a time to visit us at our offices or if you would like to arrange a video call, please contact our Southernhay mortgage advisors today.
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.
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.'