Self Employed Mortgages & Sole Traders

Many banks and building societies have tightened lending rules for self employed borrowers in recent years, meaning too many Sole Traders have faced rejection at the very first hurdle. Disheartening as it may be, there are plenty of ways to gain a mortgage or boost your chances and you don’t necessarily need a minimum of three years’ accounts!

The critical factor with any mortgage is to prove you have the income to make the repayments on the mortgage you’re applying for. Certain lenders will naturally see you as ‘riskier’ or ‘complex’ because your income fluctuates, yet others will gladly review your individual circumstances.

Your home may be repossessed if you do not keep up with your repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is upto 1% but a typical fee is £595.

Let’s make your dream home a reality

The financial crisis and subsequent credit crunch from 2008 to 2009 made it considerably more challenging for Sole Traders to obtain mortgages with mainstream lenders tightening their purse strings. Today the outlook is much more positive. The number of self employed people continues to rise, and it’s prompted many lenders to adjust their criteria to accommodate the needs of self employed people better. Create Finance has access to a comprehensive range of lenders in the mortgage market, finding mortgage deals for hardworking and deserving Sole Traders just like you.

Sole Trader Mortgages. You’re not alone!

Whether you’ve been self employed for over three years with accounts and tax returns as evidence or have only been trading a year, it’s best to get in touch with our friendly team today. We’re always here to answer your questions and provide independent, unbiased and transparent advice.

Create Finance Limited is an appointed representative of Mortgage Advice Bureau (Derby) Limited which is authorised and regulated by the Financial Conduct Authority.

Create Finance Limited. Registered Office: 35 Friar Gate Studios, Ford Street, Derby, Derbyshire, England, DE1 1EE. Registered in England Number: 09582938.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £595.

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

We may receive commission that will vary depending on the lender, product or permissible factors, The nature of any commission model will be confirmed to you before you proceed. Create Finance Ltd are a credit broker, not a lender.