Nationwide
Book An Appointment

Self-Employed and Looking for a Mortgage in Ireland? We Can Help!

Securing a mortgage can be a daunting task, and if you’re self-employed, you might feel like you’re
facing an uphill battle. The truth is, obtaining a mortgage as a self-employed individual is not as
impossible as it may seem. At Ezfees Financial we’re here to guide you through the process, ensuring
you have all the information and support you need.

Qualifications for Self-Employed Individuals

From a bank or mortgage lender’s perspective, you are considered self-employed if you fall into any of the following categories:

  • Working freelance
  • Sole trader or business owner
  • Company director
  • Director of a partnership

If your income is directly tied to the performance of your business or freelance work. Unlike PAYE
employees with a fixed income, your financial situation is more variable.

How Many Years of Trading is Required for a Mortgage?

The number of years you need to be self-employed before applying for a mortgage varies among
lenders. Most will request 3 years’ worth of accounts, although some may consider 2 years. If you’ve
recently returned to Ireland and are establishing your business, an additional year may be required
to demonstrate consistent income.

Additional Documentation for Self-Employed Applicants

Applying for a mortgage can be overwhelming, but having your documents prepared and organised
is crucial for a smooth process. As a self-employed applicant, you’ll need to provide additional
information beyond what standard applicants submit:

  • Proof of identification, such as a recent passport or driving license
  • Proof of address, such as a recent utility bill or bank statement
  • Your PPS number (Personal Public Service Number)
  • Proof of income, including your most recent accountant-certified audited financial accounts (typically 2 years)
  • Bank statements, covering 6 months of both business and personal accounts, as well as any business borrowing statements
  • Revenue documents, including 2 to 3 years of your most recent Revenue Acknowledged Forms 11 and tax clearance confirmation

How to Prove Mortgage Repayment Capability:

To assure lenders that you can meet your mortgage repayments, consider the following:

  • Hiring a certified accountant ensures your financial records are audit-ready, organised, and up-to-date, addressing potential concerns raised by lenders.
  • A larger deposit not only reduces borrowing but also showcases your financial stability and responsible saving habits, improving your appeal to lenders.
  • Reducing or clearing any existing loans demonstrates financial responsibility, increasing your chances of mortgage approval.
  • Protect yourself against unforeseen events by considering income protection insurance, ensuring you can meet monthly mortgage repayments even if you’re unable to work temporarily.

Partner with Ezfees Financial for Expert Guidance

At Ezfees Financial, we believe that everyone deserves the opportunity to own their own home, and
we are committed to helping you achieve that goal. With our expertise and personalised approach,
we can help make your dream of homeownership a reality.


Why not book a comprehensive Mortgage Consultation with us today via our “Book A Consultation”
option on our website; https://ezfeesfinancial.ie/book-consultation/


Our Dedicated and qualified Mortgage Advisors will guide you every step of the way. Contact us
today at 0818 910800 to learn more about the self-employed mortgage application process and how
we can assist you.

Conclusion

Navigating the mortgage application process as a self-employed individual can be challenging, but with the help of Ezfees Financial, you can overcome these challenges. We understand the unique needs of self-employed individuals and are dedicated to helping you secure the mortgage you need. Contact us today to begin your journey toward homeownership.

Ezfees Financial Ltd T/A ezfees financial is regulated by the Central Bank of Ireland. Reg no 489026

Links

Members of Waterford Chamber of Commerce.

Pages

Members of Brokers Ireland.

Facebook Linkedin Instagram
©2024 – Developed by GOAT Sites
Book Appointment

Business Owner Consultation

Your business is your baby, so it deserves protection. Our team of experts will guide you through informed decisions to provide tailored policies. Shield your business against unexpected setbacks and ensure stability, whether you’re a startup or an established corporation. We’ll create a financial plan that will guide the balance of your personal finances and your long-term business goals.

What’s in this for you? Discuss your business finances in confidence with trustworthy advisors to:
1) Create a money management plan to suit your business
2) Align your business and personal objectives
3) Get clarity and validation on your strategies from dedicated Financial Advisors committed to safeguarding your business finances
4) Be advised when you need to speak to Tax Advisors where relevant
5) Obtain guidance onto Owner/Director on Pension planning and legislation
6) Referral to a Life/Business Coach where relevant

Plan for your business’s long-term financial goals:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Safeguard your business and your future

Book your business consultation today

Investment Consultation

With low deposit rates and high inflation rates, savings and investment plans are appealing right now. We understand what it’s like to make sacrifices to accelerate your savings goals so you can achieve your dreams. That’s why we provide expert guidance so you can take charge of your future without sacrificing your valuable time.

What’s in this for you? Why you should consider savings and investment plans?
1) The potential for higher returns
2) Flexibility in the amount you save
3) Short, medium and long term options to suit your goals, amounts and terms to save
4) Investment options appropriate to suit your needs and goals

How you can save to secure your dreams:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Make your Dreams a reality

Book your Savings and Investments Consultation Today

Mortgage Consultation

Whether you are a first-time buyer, mover, switcher or looking to invest in a rental property, we have a mortgage solution to fit your unique situation. Over 60 and looking to release equity in your home to support your children, go on that dream holiday or pay off bills? We find the mortgage most suitable for you and your family’s needs and support you through the entire process. You’re guaranteed to find the best mortgage option for your financial needs and goals, with impartial advice and competitive rates.

Clear, simple, actionable advice for all your mortgage needs:
1) First time buyers
2) First Home Scheme/ Local Affordable Authority Scheme
3) Switchers
4) Home Movers
5) Investment Property
6) Self Employed
7) Contract Workers
8) PAYE
9) Lifetime Loan (over 60’s equity release)

How you can get started:
1. Share your journey with us
2. Create a plan!
3. Gather and submit your information
4. Make your Dreams a reality

Book your Mortgage Consultation Today

Financial Planning Consultation

Secure your future and that of your loved ones beyond homeownership with life assurance, income protection and pension advice. Whatever your stage of life or money situation, our team of experts will help you make informed decisions to safeguard your financial future.

What’s in this for you? Planning your future, helps make your dreams a reality:
1) Start by creating a money management plan
2) Work with our dedicated Financial Advisors committed to safeguarding your future
3) Helping you get the guidance you need to achieve your long-term financial goals

Safeguard your financial future today:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Safeguard your Financial Future

Book your financial planning consultation today