As independent mortgage advisors we have access to the whole of the market so can advise which product will be best for you saving you the time and hassle of approaching multiple lenders, whether it be a first time mortgage or re-mortgage.
With years of experience helping self employed individuals we know which lenders to approach, what information they require and who will be able to offer the best rates. With specialist knowledge of the local area, dedicated point of contact and personal service we make the whole process as simple as possible from start to completion. Contact us today to get the ball rolling.
We can help with:
- Contractor Mortgages
- Sole Trader Mortgages
- Partnership Mortgages
- Professional Mortgages
- Subcontractor Mortgages
- Freelancer Mortgages
- Consultant Mortgages
- Franchisee Mortgages
- CIS Worker Mortgages
Frequently Asked Questions
How much money can I borrow being self employed?
As a general guide, you can usually borrow between 4 and 5 times your annual income, with some specialist lenders offering a higher multiple. The key is to find the right lender for you. With access to the whole of the market we can find the correct self employed mortgage for you. Contact us to find out more.
Is it harder to get a self employed mortgage?
Securing a mortgage when you are self employed can be a little more complicated but with the correct paperwork and good advice it does not have to be too difficult. Contact us to find out more.
What is used to calculate my income for a self employed mortgage?
Most lenders will usually use your salary and dividends to calculate your income and verify this from your full accounts or SA302 year end tax calculations. There are also options to use the retained profit that is within the business, so if this is higher than you show as paid income, we can look at using that to increase affordability. Contact us to find out more.
How many years trading do I need before I can get a self employed mortgage?
Most lenders ask for 3 years accounts but we can help with just 2 or even 1 year's accounts. Contact us to find out more.
Benefits of Working with Reading Money
Don’t pass leads to another broker
All mortgage applications are handled locally by our dedicated team of Mortgage Advisors
Personal Service
Our experts take the time to understand the complexity of your mortgage needs and income streams. We're with you every step of the way to help you get the right self employed mortgage.
Dedicated point of contact
With Reading Money you have a dedicated point of contact who will manage your application from start to finish saving you time.
Face to face meetings
Taking on a mortgage is most likely the biggest financial commitment you will make, so unlike other mortgage brokers we are always available to meet in person face to face and update you on your mortgage application.