Proof of Income for a Self-Employed Mortgage Application

If you are applying for a mortgage as a self employed person you might be wondering what it is you need to do in terms of proof of income. It differs from those in employment and here we have put together a short guide to help you have the right details in place before making a mortgage application.

Before applying for a mortgage as a self employed person there are a few things that you will need to have with you in order to prove your income. You will need to display at least the last two years worth of accounts, have an accountant, a track record of regular work that you can prove, a good credit history and a healthy deposit behind you.

Your application for a mortgage if you are self-employed will most likely be dictated by your average profit over the last few years so it is vital that your accounts are up to date and that you can clearly show that you have been working on a regular basis over this period. As with any mortgage application, if you have a sizeable deposit to hand your application will be looked on more favourably.

Speak to the Central Mortgages team today and webll be more than happy to talk through your specific situation and work with you to secure a mortgage as a self-employed person. We look forward to helping you secure the property of your dreams.