Mortgages for freelancers, contractors or anyone who is self-employed can be difficult to secure because they rely on the financial picture presented by your business. The problem is that your accountant will be trying to present a tax-efficient view, while a mortgage lender is only looking at income.
John Charcol is an expert in helping clients to secure freelance or self-employed mortgages. We typically approach lenders who we know are willing to look beyond the accountant’s assessment and take a broader view.
If you are self-employed, a freelancer, contractor or consultant of some kind, getting a mortgage can be difficult because you need to be able to prove your income.
If you are running a relatively new business without an established track record or you have tax-efficient books prepared by your accountant, or you take part of your earnings in dividends, high street lenders may not be prepared to extend a loan, even if you are confident that you can afford the repayments.
As mortgage experts with years of experience, we have helped numerous self-employed business people to secure mortgages after high street lenders have turned them down.
Our approach is to spend time understanding your situation and then to present a personal case to the mortgage providers we know are best placed to support your specific application.
This might include approaching lenders who:
To find out how we can help with your self-employed or freelance mortgage, call us on 0344 346 3672 or enquire now now.
Send us your details and we will help find the mortgage that's right for you:
Many self-employed people face this problem. At John Charcol, we know how to make the best case and which lenders are happy to look beyond the headline figures to understand what you can really afford.
Yes. We deal with regional building societies, private banks and other niche lenders who will look at each client on an individual basis. The range of income multiples can be as high as five times or more.
At John Charcol we’re used to working with busy individuals who are under real time pressure. That’s why we come to you and fit in with your schedule.
Unlike high street lenders we’re quick and nimble, so if you need us to get a mortgage offer fast so that we can secure a particular property, we’ll do everything we can to make that happen.
We’re expert at arranging this kind of mortgage, making the best of low rates of borrowing with capital payments when bonuses are available.
Yes. At John Charcol our consultants are all experienced independent mortgage advisers. We often arrange self-employed mortgages through reputable private banks and investment houses who have much more flexibility on who they lend to and how much they will lend.