At Ezfees Financial, we understand the unique challenges faced by self-employed individuals in the mortgage application process, and we are here to help. Our team of experts has years of experience working with business owners like you, and we’re committed to helping you get the financing you need to purchase your dream home.
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
Unlike those with a contract of employment and a stated income, your income as a self-employed individual is directly related to the day-to-day performance of your business.
How Many Years of Trading is Required for a Mortgage?
To apply for a mortgage, you will typically need to show consistent income from self-employment for a duration of 2 to 3 years. However, the exact duration may vary from lender to lender.
Additional Documentation for Self-Employed Applicants
In addition to standard items, you will need to provide the following documentation when applying for a mortgage as a self-employed individual:
- 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
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 personalized approach, we can help make your dream of homeownership a reality. Contact us today at 0818 910800 to learn more about the self-employed mortgage application process and how we can assist you.
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.