I say rant because, well, it is. 😡
Being self-employed is tough. Getting a mortgage while being self-employed can be a nightmare too.
I know, I’ve been through it myself.
That’s exactly why I’m focused on helping the self-employed in finding a mortgage that’s right for them. So, to help you on your way here are some tips…
Don’t be defeated by rejection from a High Street Bank ❌
When you have been declined a mortgage, you will feel demotivated.
But the loan you need doesn’t need to be only from a High Street Bank.
There are hundreds of lenders out there who can accommodate people from all backgrounds. I have access to that information – let me know if I’m able to help.
Raise as much of a deposit as possible 💰
I think it’s a real shame the self-employed get placed under so much scrutiny when looking to secure a mortgage, but it’s just the way the market is.
Do all you can to raise as much of a deposit as possible. The higher your deposit, the more appealing you will become to mortgage lenders.
Work with a mortgage specialist 🧑💼
You knew it was coming, but I’m going to recommend you engage with a mortgage specialist to save you so much stress when looking for a loan that’s right for you.
At Jones & Young, we have experience supporting people with all types of mortgages. So, even if you’re not self-employed, we can still help you whatever your circumstance.
Related Article: The Self-Employed Mortgage Guide: What You Need To Know