self employed remortgage help
When you are self employed getting a remortgage (or even a mortgage) doesn’t need to be a stressful experience.
The remortgaging providers will take everything into account and at the end of the day they want to reduce the risk on themselves to as little as possible. When taking out a remortgage when you are normally employed, lenders see your contract as steady income for the medium term. However, when self-employed of course they don’t really know what is going to happen to your business so they weight up the risk in different ways.
Certainly most lenders require 3 years published accounts - some lenders may only require 2 years or even one full years with a letter from your accountant to say what their estimations will be for the current year (even though you will provide them that)
Then remortgaging for self employed people works in the same manner as company employees. The profit you show in your accounts is used as your earnings then they deduct other loans and cost as they would with any mortgage calculation. Then it’s done on an affordability matrix. Ie: can you afford the remortgage you are contemplating.
We can’t recommend any self employed remortgage but we have know the following lenders to provide remortgages for the self employed:
Add a comment if you have information about self employed remortgages especially in the UK
