• David Burdett

Complicated Income: can I get a mortgage if…


I have only been self-employed for one year: Yes

There are lenders that will consider lending to you if you can evidence one year’s trading accounts or your tax calculation show net profit for a year.


I have not started my permanent job yet: Yes

Although many lenders require you to have been in a role for a certain amount of time there are lenders who will lend to you provided you can confirm you have a job offer and are due to start within three months.


I am a contract worker: Yes

These criteria vary significantly between lenders, however many providers will lend based on your hourly contract rate.


I am self employed with a low salary and receive no dividends: Yes

Some lenders calculate the maximum lending amount based on your salary and company net profit figures.


If you are in one of these categories and need help you can contact Ideal Mortgage Advisers on 01174 446753


Your home maybe repossessed if you do not keep up with your mortgage repayments