One of the biggest changes in the employment market is the change from the traditional PAYE type to self-employed. Industries that were once bastions of permanently contracted employees have changed and it is now commonplace to have jobs contracted out to limited companies, self-employed partnerships, or even individuals who are a limited company entity. This can be an easier and more attractive way of working, until you approach your Bank about the possibility of obtaining a mortgage.
The days of self-certifying incomes are long gone and in the main for good reason. The problem is other lending criteria has failed to take up the slack and produce a modern approach to this problem.
Most lenders are happy to lend on the back of 3 years accounts, but what if you do not have them and have only 2 years or even 1 year accounts?
We specialise in this field and have the knowledge and experience of placing Self-employed customers with the right lender.