Both employed and self employed homeowners looking to remortgage will probably already have realized that there are many pitfalls.  Most self employed people do not receive pay slips and are often paid in cash so they can rarely prove accurate current income levels.  Additionally the last full years completed tax return does not require filing until almost 9 months after the normal year end so this information for mortgage lenders is usually deemed as out of date.  This situation can make it very difficult for self employed applicants to get accepted by mortgage lenders.  For this reason many lenders devised mortgages specifically for the self employed.  These mortgages known as self certificate mortgages are where income proof is not required however they are now rarely offered due to tighter regulation and lenders requesting firm income proof before allowing a mortgage to be approved.  Another similar type of mortgage known as fast track is still available but also less widely offered.  The difference with fast track is that income (subject to status) is not required in most cases however the lender reserves the right to request this data.

Our Leicester mortgage brokers can provide very competitive mortgage quotes on UK properties whether you live within the UK or abroad.  We are a “Whole of Market” brokerage which means we have access to virtually all UK lenders.  Many other brokers offer mortgages from a small selection of lenders known as a panel or even just a single lender.  Being “Whole of Market” allows us to access the best possible rates without our clients needing to do the work.

Please either contact us by email of by calling one of the numbers above.  If you would like a mortgage quote to find a cheaper mortgage than your current one then please follow the link mortgage quotes.  In fact if you would like a competitive mortgage quote for any reason then please follow the link.