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 if they have 1 year's account or have seen an increase in income of 25% or more and want to use the latest figures exclusively for affordability purposes.
Who is this product suitable for?
- Self Employed borrowers with 1 year's accounts
- Self Employed borrowers who have 2 Years+ finalised accounts plus a rising income trend of more than 25% (if using latest figures only for affordability)
- First Time Buyers
- Existing Homeowners looking to move house or remortgage their existing property
Product Details
- Fixed and Discounted options (subject to availability)
- Repayment, Interest Only and Part&Part mortgages available
- Maximum loan size: £3,000,000 up to 80% LTV, £1,000,000 up to 90% LTV
- Discounted Products: Unlimited overpayments are allowed without penalty
- Fixed products: Overpayments of up to 10% per annum of the original loan amount are allowed without penalty
Additional Details
For joint applications where only one applicant is self-employed with 1 year accounts, the case must be placed on our Self Employed range.
- Business bank statements are not required as standard
- We request an accountants reference, including a projection