When you decide to strike out on your own, securing a mortgage can become significantly more complex due to variabilities in income and the lack of traditional employment stability.
Self-employed individuals often face stricter lending criteria, with many lenders requiring at least two years of accounts or tax returns to demonstrate income consistency.
Understanding the different types of mortgages available to self-employed individuals can prepare you better for discussions with lenders and enhance your chances of approval.
Saving for a deposit will be paramount, particularly for self-employed borrowers who must often navigate around the challenges posed by less predictable income streams.
Collection
[
|
...
]