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Newly Self-Employed

Self-Employed with 1 years accounts mortgage product – exclusive

If you are newly Self-Employed, running a good business in its early stages and have one year’s accounts, we now have exclusive access to a specially designed Self-Employed Mortgage product.

Our exclusive Self-Employed Mortgage Product features:

  • Mortgage underwritten on just one year’s accounts
  • Lending up to 90% of purchase price or valuation
  • Interest only available
  • Purchase or re-mortgage
  • Capital raising possible
  • Lending up to £2.5 million

More details

The product is designed as a stepping stone to allow the newly Self-Employed to access mortgage lending whilst they build their new business into solid profitability. Once the borrower has the trading accounts to access a wide range of standard mortgage products, they are free to re-mortgage as our exclusive product has no early redemption penalty.

Getting accepted for a Self-Employed Mortgage

In order to be accepted for our exclusive Self-Employed Mortgage product, applicants will need:

A minimum of one year’s accounts and one year’s projection
Six months bank statements showing good conduct and cash flow

The current profitability of the business is not critical – but the Lender has to be confident that the long-term future of the business is both healthy and profitable.

Unsuitable Scenarios for the Self-Employed Mortgage

We WILL NOT be able to assist with the following:

Applications where regular cash flow cannot be shown through the business
Applications from Employed persons (unless as a joint applicant)