Self-employed mortgages

For those working on a self-employed basis, this mortgage is available for applicants with only 1 or 2 year’s accounts

If your client runs their own business or works on a self-employed basis, our self-employed mortgage products can provide applicants with more flexibility. This product is also available to First Time Buyers.

Product Criteria

• Minimum 12 months’ accounts plus a projection of future earnings
• 3 months’ personal and business bank statements
• Minimum age 21
• Minimum term 5 years
• Maximum term 40 years
• Interest only or repayment
• Interest only to 70% max LTV and subject to an acceptable repayment strategy
• Minimum property value £100,000
• Minimum loan size: £30,000. Maximum loan size: £1,000,000 up to 80% LTV or £500,000 above 80% LTV. Loans over this are priced on a bespoke basis and have restricted LTV’s

Capital Repayment incentive (not applicable on fixed rates)

• Borrowers can repay capital at any time and reduce the mortgage interest rate if they move into a lower LTV band, with no additional fee
• LTV is always based on the original property value when the mortgage was taken out
• Borrowers will never be required to move up to a higher rate