Self employed mortgage advisor
Huuti advises on self employed mortgages in the UK . This means we provide Mortgage advice on borrowers who are self employed and need a specialist self employed mortgage advisor to assist them in getting a self-employed mortgage
As a self employed mortgage advisor we can help borrowers who are:
- Limited company directors
- Sole traders
- It contractors
- Or Self employed
he role of a self-employed mortgage advisor
As a self-employed mortgage advisor we will assist you in proving your income to the mortgage lenders so they may offer you a mortgage.
Self-employed borrowers may find it hard to get a mortgage as mortgage lender requirements can be very strict when offering self-employed mortgages.
The mortgage lender may request to see:
- Your SA302 which you can obtain from HMRC
- Your accounts for a minimum of 3 years (although there are mortgage lenders that will consider less)
- Your bank statements for the past 3 months
If you are self-employed through your limited company and draw a salary but not enough to afford a mortgage although your company makes enough then as your self-employed mortgage advisors we may be able to prepare your case to mortgage lenders who may be able to accommodate complex incomes.
Are you a first-time buyer or home mover considering a mortgage?
Have you considered these first-time buyer schemes?
- Lifetime ISA- gives you a government bonus of £1,000 if you save the maximum £4,000 a year.
- Help to buy ISA- gives a maximum bonus us £3,000 if you save the maximum allowed of £12,000. Before you get either you should consider which is better. Lifetime ISA vs Help to buy ISA.
- Help to buy equity loan- gives you up to 40% as a 5-year interest-free equity loan. You begin to pay interest at 1.75 % after the fifth year and 1% plus RPI for every year thereafter.
- Shared ownership- You can buy between 25% to 75% of the property initially with a shared ownership mortgage and then buy more using a staircasing mortgage.
- Armed forces help to buy- similar to the help to buy equity loan but specific for the armed forces personnel giving them an increased chance of acceptance.
- Rent to buy- This is the right to buy scheme on which this guide is currently discussing. A different marketing name is just used. Watch out for this when shopping to avoid missing out on eligible properties due to confusion.
- Right to buy- allows you to buy your home at a discount price.
- Preserved right to buy- same as above.
- Right to acquire- same as above.