Self-Employed
Being self-employed shouldn't mean your mortgage application is harder to understand than it needs to be.
I understand that running your own business can make a home loan application different from a standard PAYE application. With more than 20 years' experience as a mortgage advisor, I understand the relationship between the numbers in your business and the way a lender looks at them.
I'll take the time to understand how your business works and, where appropriate, work alongside your accountant to make sure your financial position is clearly presented.
How I can help
For a self-employed applicant, the quality and clarity of the financial information can make a real difference.
I'll look at the information available, identify anything that may need attention and help you understand what a lender is likely to want to see. That might mean getting financial statements up to date, making sure management accounts are available or clarifying information about your business.
I encourage you to talk to me before making significant changes to your accounts. If necessary, I can work with your accountant so that we are all working towards the same outcome.
Sometimes this process can highlight opportunities to improve the business itself, rather than simply finding a quick way to borrow more money.
My focus isn't on finding the fastest loan. It's on finding the right lending solution for you and your business.
How to get ready
Debt reduction
Good cash-flow management can reduce the amount you need to borrow. Looking at how quickly customers pay you and managing your debtor days can help keep cash moving through the business.
Work with your accountant
Your accountant is an important part of your team. Keeping your financial records accurate and up to date makes it easier to understand your position and present your business clearly to a lender.
Get in touch
If you're self-employed and thinking about buying a home or changing your lending, talk to me early. Get in touch and we can start with a conversation.