When you work for yourself, you gain more flexibility, satisfaction, and control over your career, perhaps achieving a higher income with the ability to complete work around various commitments and responsibilities. That said, many Sole Traders have fluctuating workflows and income, which can make navigating the mortgage market more difficult because you’re viewed as ‘riskier’ by lenders.
Many mainstream lenders will only consider your application if you have at least three years of accounts.
Various self employed mortgage lenders are catering for Sole Traders, so you can still seize the opportunity to gain a mortgage, even if you only have 12 months of trading history. With an experienced team of self employed mortgage brokers in the UK, Create Finance has helped many Sole Traders find the right mortgage deal for their needs, providing transparency and respect at every turn.
Many Sole Traders do not fit the banks’ mould and there may be a few extra hoops to jump through but with the right broker, we can find the most appropriate mortgage product for your needs. As the number of sole traders in the UK continues to rise, so does the number of specialist lenders, those who are willing to help when others are not. The lenders we are in regular contact with offer a more flexible, common sense approach to lending, with exclusive products designed for people just like you.
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. Company Reg: 09582938. Registered Office: 35 Friar Gate Studios, Ford Street, Derby, Derbyshire, DE1 1EE.
Create Finance Limited is registered with the Data Protection Act registration No. ZA129368 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 708799 an Appointed Representative of TMG Direct Limited which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 786245 and registered with the Data Protection Act Registration No: ZA178200.
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. 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 overall cost for comparison is 4.8% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
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