Self Employed Mortgages Wareham

At Barrett Mortgages, we often speak with self-employed individuals who believe obtaining a mortgage is out of reach due to their unique financial circumstances. The truth is, lenders are well aware of the challenges self-employed people face and have tailored processes to help them secure a mortgage.

Understanding the Mortgage Process for Self-Employed People

Whether you're a sole trader, a partner, or a company director, lenders have criteria designed to evaluate your financial stability and ability to repay a loan.

1. Sole Traders and Partners:

   • Lenders will focus on your net profits as evidence of your income.

2. Company Directors:

   • The evaluation will centre on your salary and dividends paid.

3. Income Evidence:

   • Lenders typically require two to three years of income records.

   • These records are used to calculate an average income or consider the most recent year's earnings as a basis for the loan amount.

4. One Year of Accounts:

   • If you have a strong financial profile, some lenders may offer a mortgage based on just one year’s set of accounts or a completed tax return.

Tailored Solutions for Self-Employed Applicants

We understand that every self-employed individual’s situation is different. That’s why we provide personalised advice and guidance to help you navigate the mortgage application process with confidence. By working with a variety of lenders, we aim to find the best mortgage solution to suit your unique circumstances.

Additional Mortgage Services

At Barrett Mortgages, we offer a range of mortgage services to meet diverse needs, including:

• First-Time Buyers

• Remortgaging

• Moving Home

• Buy-to-Let

• Commercial Mortgages

Contact Us Today

If you're self-employed and interested in exploring your mortgage options, reach out to Barrett Mortgages. Let’s discuss your unique circumstances and find the best solution for you. Together, we’ll help you achieve your property goals.