Self Employed Mortgages Brighton

We tend to find, you will need to have been self employed in Brighton for at least two years, as most lenders will ask to see evidence of that time frame.

In some cases, there are some lenders who only ask for one year.

No, self employed applicants in Brighton have the same access to mortgage rates just like employed applicants.

The only difference are how lenders assess your income.

For a lender to class you self employed applicant in Brighton, you must own 20-25% or more of a business.

Despite what some may say, there are no special requirements for self employed applicants in Brighton. The reason that many self employed mortgage applicants may find the process challenging, all comes down to income.

A lender will only count taxable income, and they will need strong evidence that your income is reliable.

To prove your income as a self employed mortgage applicant in Brighton, you need to give the lender either full accounts or SA302 year-end tax calculations (often presented with the corresponding tax year overview) from HM Revenue & Customs.

Some lenders will accept a certificate from your accountant confirming income if they are suitably qualified.

In some cases, lenders will request to see both of these together. Regarding SA302s, you will commonly find that the lender will need at least 2, maybe 3 years' worth of these.

Some lenders will also look at retained profits within a business and take this into account when assessing affordability.

Unfortunately, as a self employed mortgage applicant, it can often be a struggle to get a mortgage in Brighton. This is where a mortgage broker in Brighton can help you in the process.

We have helped many different self employed customers obtain a mortgage, even when they thought all of the odds were against them.

Now is your chance for us to help you secure a mortgage as a self employed applicant in Brighton.