Navigating the mortgage process as a self employed applicant can be slightly more complicated than those in traditional employment. However, fear not, as your mortgage broker in Aberdeen we are here to help!
If you own a significant share (20-25% or more) in your business, you will likely be considered as a self employed applicant when applying for a mortgage. To be eligible for a mortgage as a self employed individual, it is generally required to have been self employed for at least two years.
Lenders will primarily review your income over this period to assess your eligibility and borrowing capacity. When tackling the challenges of obtaining a mortgage while self employed in Aberdeen, having the right guidance and support is crucial.
Our dedicated team not only understands the unique hurdles faced by self employed individuals but also has the expertise to navigate the specific criteria set by mortgage lenders. By speaking to our team of mortgage advisors in Aberdeen, you can access tailored insights based on your self employment status and receive personalised advice on improving your mortgage application.