Self-employed, with no credit. Can my son get a mortgage?

Posted on 1 July 2014 by Kath

Self-employed, with no credit. Can my son get a mortgage?

Hi, my son is self employed and has no credit card or other store cards. He is having difficulty in securing a mortgage because of his credit status (does not owe anything except student loan ) as well as being self employed. Is there a way forward ?


This is a situation that crops up fairly regularly, however there are a few options. I think that lenders who credit score will have to be ruled out, in favour of those who 'credit check' and manually underwrite. The loan to value (LTV) is fairly crucial here too, as the higher the LTV, the  tougher it is to pass score.

Obviously, we'd need to know the details on the rest of the case before we could definitely say that we could help him.

If you'd like to discuss self-employed mortgages with one of our consultants, you can contact them on 0344 346 3672 and they'll be able to give you a better idea of how we can help.



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