Self Employed Mortgages

Buy to Let

Income/Affordability. Your earnings are a key element for a mortgage lender to establish if they consider you to be in a position to make regular repayments on your mortgage over the stipulated duration of your loan term.

Here are some of the common reasons that will cause your mortgage application to be rejected: Debt. When you make a loan application, it is worth noting that any debt you may have accrued on car loans, store cards, credit cards or other kinds of loans will be considered.

Broker

Broker

This can make it difficult to get your mortgage approved through regular mortgage providers.

Mortgage Broker Leeds

Buy to Let Mortgages Wakefield

Mortgage providers currently use three premier credit reference firms to get this sort of information: TransUnion, Experian and Equifax.

Mortgage Application

Mortgage Application

Self-Employment/Contractor. If you are a contractor or are self-employed, chances are that you don’t have what is referred to as a consistent income.

interest rates

They will essentially evaluate the application form, credit report information, and any pertinent information about you.

Self Employed Mortgages Wakefield
Self Employed Mortgages Wakefield

Using expert mortgage brokers for contractors and self-employed individuals is the best path to prevent your application from getting rejected.