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Monday 15 February 2021
Monday 15 February 2021
Monday 15 February 2021
Monday 15 February 2021
At Barrett Mortgages, we frequently assist self-employed individuals who worry that owning a business or working for themselves may make obtaining a mortgage difficult. However, this is far from the truth. Lenders are increasingly familiar with the unique circumstances of self-employed applicants and have developed streamlined processes to determine how much they are willing to lend.
Whether you are a sole trader, a partner, or a company director, there is a pathway to securing a mortgage. For sole traders and partners, lenders typically assess net profits, while for company directors, they focus on salary and paid dividends. Recognising that many business owners leave some of their income within the business, some lenders also consider the applicant's share of net profits alongside their salary.
Income Evidence Requirements
When applying for a mortgage, you will need to provide evidence of your income. The timeframe for this evidence varies by lender, with most requiring income details from the last two to three years. Lenders may either average your income over this period or use the most recent year as the basis for their calculation.
For applicants with a strong financial profile, some lenders may accept just one year’s accounts, making it easier for newer businesses to secure a mortgage. Our team is here to guide you through every step of this process and offer personalised advice to turn your homeownership dreams into reality.
Why Choose Barrett Mortgages?
Based in Poole, Dorset, Barrett Mortgages is a professional finance broker offering tailored mortgage solutions. We understand that many people feel disheartened by the high-pressure sales tactics of large corporations, which is why our approach focuses on providing individual, specialist advice without any pushy sales tactics.
Founded by Darren Barrett in 2009, during challenging market conditions, Barrett Mortgages has grown due to our clear, trustworthy, and upfront service. Our team is fully qualified, experienced, and chosen for their dedication to delivering the best possible client experience. We pride ourselves on the strong reputation we have built, relying heavily on referrals from satisfied clients.
Additional Mortgage Services
In addition to self-employed mortgages, we offer advice and support for a range of mortgage products, including:
First-Time Buyer Mortgages: Helping individuals get onto the property ladder with tailored advice and tips, including guidance on government schemes to assist with costs.
Remortgages: Assisting with securing a better deal or releasing equity from your property.
Buy-to-Let Mortgages: Supporting investors in growing their property portfolios.
Moving Home Mortgages: Providing a seamless transition when purchasing your next property.
Contact Us Today
If you are interested in exploring self-employed mortgages in Bournemouth or need assistance with any other type of mortgage, don’t hesitate to contact Barrett Mortgages. Our expertise and personalised service ensure you receive the best advice and support to make your property goals a reality. Let us help you achieve homeownership with confidence and ease.
At Barrett Mortgages, we frequently assist self-employed individuals who worry that owning a business or working for themselves may make obtaining a mortgage difficult. However, this is far from the truth. Lenders are increasingly familiar with the unique circumstances of self-employed applicants and have developed streamlined processes to determine how much they are willing to lend.
Whether you are a sole trader, a partner, or a company director, there is a pathway to securing a mortgage. For sole traders and partners, lenders typically assess net profits, while for company directors, they focus on salary and paid dividends. Recognising that many business owners leave some of their income within the business, some lenders also consider the applicant's share of net profits alongside their salary.
Income Evidence Requirements
When applying for a mortgage, you will need to provide evidence of your income. The timeframe for this evidence varies by lender, with most requiring income details from the last two to three years. Lenders may either average your income over this period or use the most recent year as the basis for their calculation.
For applicants with a strong financial profile, some lenders may accept just one year’s accounts, making it easier for newer businesses to secure a mortgage. Our team is here to guide you through every step of this process and offer personalised advice to turn your homeownership dreams into reality.
Why Choose Barrett Mortgages?
Based in Poole, Dorset, Barrett Mortgages is a professional finance broker offering tailored mortgage solutions. We understand that many people feel disheartened by the high-pressure sales tactics of large corporations, which is why our approach focuses on providing individual, specialist advice without any pushy sales tactics.
Founded by Darren Barrett in 2009, during challenging market conditions, Barrett Mortgages has grown due to our clear, trustworthy, and upfront service. Our team is fully qualified, experienced, and chosen for their dedication to delivering the best possible client experience. We pride ourselves on the strong reputation we have built, relying heavily on referrals from satisfied clients.
Additional Mortgage Services
In addition to self-employed mortgages, we offer advice and support for a range of mortgage products, including:
First-Time Buyer Mortgages: Helping individuals get onto the property ladder with tailored advice and tips, including guidance on government schemes to assist with costs.
Remortgages: Assisting with securing a better deal or releasing equity from your property.
Buy-to-Let Mortgages: Supporting investors in growing their property portfolios.
Moving Home Mortgages: Providing a seamless transition when purchasing your next property.
Contact Us Today
If you are interested in exploring self-employed mortgages in Bournemouth or need assistance with any other type of mortgage, don’t hesitate to contact Barrett Mortgages. Our expertise and personalised service ensure you receive the best advice and support to make your property goals a reality. Let us help you achieve homeownership with confidence and ease.
