Mortgages for the self employed, a self certified mortgage is suitable for the self employed in need of a mortgage, freelancers, contractors, company directors, commission based workers and people with more than one source of income.
Sometimes, providing proof of income is not always easy. It could be you have not been trading long enough to provide the three years of audited accounts, which is needed for most lenders.
Even if you have 3 years worth of accounts available, your accountant could have minimised your tax liability by offsetting a range of expenses. However, you can obtain a self certified mortgage from specialist and lenders where you state your income level without having to provide any accounts.
Mortgages for the self employed are now harder to find as many of these products have disappeared but they are still possible, often through a mortgage broker.
