Mortgage squeeze for self employed

Most lenders calculate the amount you can borrow by multiplying your salary by five (or more than five if you earn over £100,000 per annum).

However, since the pandemic lenders have become increasingly tougher on self employed workers who are given even tougher conditions to meet.  One high street lender has decided the self employed can only borrow up 4.5 times their income and are required to provide three years of accounts.

Rather than look to re-mortgage elsewhere, you can choose to remain with your current lender and just switch to an alternative product (known as a Product Transfer). This is a quicker process and requires less information.

Please email Michaela on for more information. Thank you

We can simplify the re-mortgage process for you. Our service is completely free and you are under no obligation to commit to anything we find. If we source a deal you like then our pledge to you is that 25% of any fees we receive from the lender will be donated to a charity of your choice.