For self-employed people including daily rate contractors, sole traders, partnerships and limited company directors the process used by some lenders to assess mortgage applications can be extremely complicated and frustrating.  Lenders usually base their calculations for mortgage decision on historical data rather than current or projected income.  Most will demand to see accounts from the last two or three years of trading as shown by your SA302 Self Assessment tax calculation documents, or your full verified accounts.

As a result of our vast experience we have found that it is possible to help self-employed people from different circumstances to obtain a mortgage based on less onerous criteria, such as using only one year’s accounts, basing figures on retained profit, working with accountant’s certificates, allowing for income via umbrella companies, and other rules for contractors where no accounts are required.

Fortunately, at Mortgage & Protection Financial Services we specialise in acting as mortgage brokers for self-employed applicants and have the experience and knowledge of how different lenders from the high street banks and building societies to smaller, more specialist lending companies make these assessments.

Our expertise will ensure that we find the right self-employed mortgage to meet your specific needs and circumstances allowing you to you concentrate on your business.