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Self-employed mortgage

No mortgage to tough for us

Case study for Freelancer

Our client had been running his own business for one year and therefore only had one-years accounts available.  He’d been looking for a mortgage but the high street lenders, who can only lend on their own products, would not consider lending to him as his business had not been trading for 2-years.  As independent Mortgage Brokers, we were able to research the market to find those lenders who would accept one-year accounts as proof of income.  We were able to source a mortgage enabling him to buy his dream new-build home, paying only a 15% deposit and the mortgage rate was competitive with high street rates.  Our client was so delighted with the outcome that he recommended Finance Expert Ltd to his friends and family.   

Our Business

  • We are independent Mortgage and Protection Brokers who are able to source products across a wide range of lenders and insurance providers. We have access to lenders that clients would not normally have access to and we have helped clients with very different requirements, e.g. self-employed clients, clients with debt, first-time buyers and those wishing to purchase ‘buy-to-let’ properties. We provide advice and support to make sure you are ‘mortgage ready’ and will advise and support you throughout the mortgage application process and beyond, working with you to ensure we provide the right solution for your circumstances.

Our Process

  • First, we provided the client with information about who we are and how we can help. This includes our records, as we operate with transparency and integrity. Building a relationship and trust with our clients is at the heart of our business.
  • Upon meeting the client, we discussed their expectations and the options available to them.
  • Following this meeting, the client was given a list of documents to complete and our team conducted the rest of the research.
  • The clients credit history and score were evaluated. Due to our vast expertise we were also able to offer the client support with filing his books for HMRC. Our relationships with different financial institutions allowed us to recommend account options for the clients’ business. The client was very satisfied as we were able to provide valuable services in addition to his mortgage.
  • The review of the clients financial well-being allowed us to secure him a 90% mortgage for his desired property.
  • Furthermore, we were able to offer him additional insurance options which will help to secure his mortgage in the future. This coverage included life insurance and ill-health insurance which would supplement his monthly income should he have a prolonged absence from work due to sickness.
  • First, we provided the client with information about who we are and how we can help. This includes our records, as we operate with transparency and integrity. Building a relationship and trust with our clients is at the heart of our business.
  • Upon meeting the client, we discussed their expectations and the options available to them.
  • Following this meeting, the client was given a list of documents to complete and our team conducted the rest of the research.
  • The clients credit history and score were evaluated. Due to our vast expertise we were also able to offer the client support with filing his books for HMRC. Our relationships with different financial institutions allowed us to recommend account options for the clients’ business. The client was very satisfied as we were able to provide valuable services in addition to his mortgage.
  • The review of the clients financial well-being allowed us to secure him a 90% mortgage for his desired property.
  • Furthermore, we were able to offer him additional insurance options which will help to secure his mortgage in the future. This coverage included life insurance and ill-health insurance which would supplement his monthly income should he have a prolonged absence from work due to sickness.

What We’ve Done

We researched the market to find those lenders who would accept one-year accounts as proof of income.

Results

We were able to source a mortgage enabling him to buy his dream new-build home, paying only a 15% deposit. The rate was competitive with high street rates. Our client was so delighted with the outcome that he recommended Finance Expert Ltd to his friends and family.

The Feedback

The client was a self-employed business owner searching for a mortgage. The client’s business has been operational for one year and they have experienced issues compiling their books. As such, mortgage requests to other banks have been declined due to the clients deemed lack of financial security. However, with us, the client was offered the mortgage they needed at a great rate.

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