Self Employed Mortgages – Gordon Anthony Mortgages

Ask Gordon Anthony.

As a self-employed individual, obtaining a mortgage can be challenging. Lenders often require more documentation and proof of income than they do for traditional employees. However, we are here to help you navigate the process and find the right mortgage solution for your needs.

"Finding mortgage solutions for self-employed individuals, - tailored to your unique financial situation."

Our team of mortgage experts specializes in working with self-employed individuals and understands the unique challenges you may face when seeking a mortgage. We work to understand your financial situation, including your income and expenses, and help you find the best mortgage options available.

Key Points To Consider

As a self-employed home buyer, obtaining a mortgage can be a daunting process. Here are some key factors to consider:

Proof of income: Unlike salaried employees, you may have irregular income streams. As such, you’ll need to provide evidence of your earnings over a longer period of time, typically 2-3 years, through tax returns, bank statements, and other financial documents.
Credit history: A strong credit history is essential to obtaining a mortgage, whether you’re self-employed or not. Make sure you have a good credit score by paying your bills on time and keeping your debt-to-income ratio low.
Deposit: The larger deposit you can make, the better your chances of securing a mortgage.
Debt-to-income ratio: We look at your debt-to-income ratio, which is the amount of debt you have relative to your income. Aim to keep this ratio below 43%, as lenders may be hesitant to lend to someone with a higher ratio.
Documentation: Be prepared to provide a lot of documentation, including tax returns, bank statements, and other financial documents. Make sure you keep your records up-to-date and organised.
Consider a co-signer: If you’re having trouble securing a mortgage on your own, you may want to consider asking a family member or friend to co-sign on the loan. This can help you qualify for a larger loan amount or lower interest rate. However, be aware that your co-signer will be responsible for the mortgage payments if you’re unable to make them.

Get pre-approved

Get pre-approved: Before you start house hunting, get pre-approved for a mortgage. This will give you a clear idea of how much you can afford and will make your home search more manageable.

Understand the process

Buying a home involves many steps, from finding the right property to closing the deal. We have a wealth of information on our website to guide you through the process, including information on the different types of mortgages, the documents you’ll need to apply for a loan, and what to expect at closing.

Work with a mortgage specialist:

Our team of mortgage specialists can answer any questions you may have and help you find the right mortgage product for your needs. They’ll also work with you to ensure you understand the terms and conditions of your loan.

Explore our resources:

We have many resources available on our website, including mortgage calculators, FAQs, and helpful tips for first-time buyers. Take advantage of these tools to make informed decisions throughout the home buying process.

Competitive Interest Rates

Gordon Anthony can offer competitive interest rates that can help first-time buyers, self-employed or remortgages that save money in the long run. This can also make your monthly mortgage payments more manageable.

Flexible Mortgage Options

Different financial situations and needs? We offer flexible mortgage options that can cater to your unique requirements. Options such as adjustable-rate mortgages, fixed-rate mortgages, and other options that can make the mortgage more manageable.

Knowledgeable Customer Service

Gordon Anthony can offer knowledgeable and helpful customer service that can guide you through the process and answer any questions they you may have, alleviating the stress associated with buying a home.

Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.