Mortgages are just as widely available to the self-employed as they are to the employed. They are just assessed in a different way, which can make it harder to prove a sustainable income.
Typically, most lenders will look to assess a period over the last 2-3 years in terms of sustainability of income received, others will consider the latest year depending on circumstances.
Everyone has a different set of circumstances, even if you think you can’t be considered, you should still contact us for clarity, as there are instances where you could be considered with just one years of accounts. We do have whole of market access and so we may be able to find a lender to suit your needs.
Please get in touch with Cowens’ expert mortgage adviser to discuss further.