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Mortgages to self-employed firth time buyers

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  • Mortgages to self-employed firth time buyers

    Anyone know which financial institution can offer mortgages to self employed borrowers, in central London. We are first time buyers, have 40% to put down. Thank you!

  • #2
    Re: Mortgages to self-employed firth time buyers

    Absolutely, I am a broker and would be happy to have a chat - I will drop you a private message.


    • #3
      Re: Mortgages to self-employed firth time buyers

      40% down is pretty decent, I'd google some a few local mortgage brokers that offer free advice to see what they say and maybe pop into a few banks to compare. Good luck on your first home


      • #4
        Try contacting Crown Mortgage Specialists.
        Branch Manager
        Apex Removals & Storage Group
        Website: https://www.apex-removals.co.uk/


        • #5
          Whilst the original post is old, the question may still be valid for other self-employed first time buyers.

          The short answer is that pretty much every bank and building society lends to first time buyers and to self-employed people.
          Granted, not everyone lends in London, as smaller building societies sometimes only lend in their local area.

          What the real question is, how much you need and based on your circumstances (e.g. income, outgoings and credit history) how much you can realistically borrow. Here the answer will depend on the details. Self-employed sole trader (net profit), LLP partner (share of net profit), Ltd company director (profit, salary and dividends) or contractor (daily rate) have their income assessed differently and each lender will have their way of viewing the income details.

          40% deposit is quite rare for a first time buyer, especially when buying in central London, but it certainly helps to get a good rate.

          I'm also a Mortgage Broker, so if I can be of any help (initial advice is free), please get in touch.
          Last edited by Lilla D; 29-04-2018, 10:18 AM.
          I am a Mortgage Advisor
          For further information and for tailored advice:
          [email protected]