Self-employed and Contractors

Mortgages for Self Employed People are usually subject to different borrowing criteria

Guidance on Mortgages for Self Employed People and Contractors

Self-employed workers and business owners – be they limited company directors, sole traders or contractors – can all find it more difficult than their employed counterparts to get a mortgage themselves, as they must cope with different methods of assessment, different expectations from lenders, and more restrictive borrowing criteria.

At Bigmore Mortgages, we specialise in mortgages for self-employed and mortgages for contractors, and we can help you frame your business in the best light possible to support a loan.

The variety in how mortgages for self-employed people are assessed means the mortgage process can be tricky to navigate without bespoke self-employed mortgage advice, that pairs the right borrower with the right lender to achieve the most favourable outcome.

Our Process

Consultation

We will have an initial meeting to discuss your requirements.

Application Submission

Your application is submitted, along with supporting evidence for the lender to assess, and seen through to offer stage.

Review the Market

We review the whole of market to find the most suitable product and mortgage structure to suit your needs.

Working Towards Completion

We will liaise with the lender and solicitor to ensure all requirements are in place and that completion of the mortgage will take place without issue.

Report and Recommendations

We will report our findings, including a full recommendation outlining our rationale. At this stage we will also confirm your borrowing capacity was a Mortgage in Principle.

Ongoing Support

When your mortgage is due for renewal, we will reach out to guide you through the renewal process. We are also only a phone call away if you intend to make a new purchase.

Bigmore Mortgages

Telephone: 01932 253939

Client Portal

Manage your mortgage online.

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"Chris was amazing throughout the process.To be honest, there isn't anything they could have done quicker or better! A great service and can highly recommend."