Self Employed
Traditionally it's been more difficult for the self employed to get mortgages. Mortgage lenders preferred to see the regular income guaranteed by employment. However this has changed in recent years.
The good news is that a number of innovative lenders have emerged in recent years and these take a simpler approach than has been taken by lenders in the past.
Your Custom Wealth Works Mortgage Broker will know which lenders apply which rules, which lenders will use the latest year's figures if they're better than the year before, instead of averaging; and which lender will use one year's trading instead of two. Also, they'll know which lenders will add depreciation and other non cash-flow items back into income.
See Low Doc Loans
