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If you have a year’s figures which you feel distort your accounts I would still recommend calling us.  Each lender underwrites the self employed in a different manner, and our knowledge will help you get closer to your mortgage goal.  Projections and adjustments can also help to undo a poor years’ accounts.

Lending based on the latest years figures has also improved in price as more lenders are entering this area.   Several mortgage lenders now lend based on the last years accounts rather than the average of the last 2 or 3 years income figures.   The key to this policy is having accounts or tax…

The last commentary I made with reference to those self employed with one years accounts was that mortgage lending was capped at 75% LTV (Loan to Value), I have now successfully mortgaged several clients at 90% LTV for purchase transactions.  The number of lenders able to do this is still very restricted but lets hope…

This mortgage lending policy has improved over the last few months, because a second way of assessing income has been adopted by three high street lenders when previously only one building society carried out mortgage underwriting in this way. The policy I refer to is mortgage lending based on a director’s salary + their share…

Of course you can, yet this question is still the one mortgage brokers at our firm deal with most often.  If you are self-employed you will need at least one years accounts to get a mortgage, you can prove your income via either an accountants reference, a set of accounts, or an SA302 issued by…

During August and September 2012 I have received mortgage cases from Limited Company Directors who have been in control of firms which have had really strong operating profits, yet the individuals have had relatively low salaries and dividends which has caused issues when applying for mortgages.   A lot of UK lenders justify an individuals…

I am still able to organise mortgages for those with one years’ trading accounts, I can lend up to 75% of the value of property with just one years accounts, or an 85% LTV mortgage should you be trading for more than a year but where only the latest set of accounts are to be used for…

The majority of lenders use salary or directors remuneration plus dividends when assessing income for mortgage purposes.  However, a couple of lenders use an alternative method which is salary + share of net profit, or even salary + dividend + share of net proft assuming the applicant is a majority shareholder.  This mortgage lending policy is useful…

I am able to lend up to 75% of the value of property based on just 1 years accounts.  This has been important for those clients who have recently started their own business, or who are switching from sole trader to partnership or limited company status.  The general rule among lenders is that the accounts being used should be…

Since self-certification mortgages were abandoned by many mortgage lenders several years ago, it has become really difficult for employed and self employed people to prove their income to get a mortgage to help buy property. I have had some success in the past with helping clients receive mortgage offers depending on an individual’s circumstances.  Many self…

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