Self Employed Mortgages & Mortgages for Contractors

We are here to assist the self employed, mortgages for contractors, and anyone who views their income as a complex with their mortgage requirements. We take the time to understand you and your circumstances and are fully up to date with lender criteria to ensure we can obtain a product that suits your needs

Self employed mortgage

Self Employed Mortgages

We understand that when you are a contractor or self employed, it can feel daunting when getting a mortgage as a contractor. Different lenders have different ways of reviewing your income, making the process seem complex.

That is where Lakewood Mortgage Solutions can step in to make your life easier. Our specialist mortgage advisers understand all elements of self employment. They are fully up to date with lenders’ criteria which can help you find the best mortgages for contractors for you.

This means whether you are an Ltd Company director, sole trader, or in a partnership, we can help you review your options and understand how much you can borrow. We offer self employed mortgages in Tunbridge Wells and the surrounding areas.

Your dedicated independent contractor mortgage adviser will be there every step of the way, from the initial enquiry through to application and underwriting. We will ensure you know exactly what you need to provide to secure your mortgages for contractors and what options are available to you.

Contractor mortgage

Contractor Mortgages

Mortgage lenders have different lending criteria for people who are contractors. For example, if you are registered as self employed, some will view you this way. Others can use your contract day rate income, potentially increasing the amount you can borrow.

Professional Contractor Mortgages are a type of mortgage specifically designed to help professional contractors meet their financial needs. Professional contractors, or freelancers, work independently and typically do not have the same benefits that employees with contracted jobs enjoy. As such, it can be a challenge for professional contractors to secure mortgages from traditional lenders.

This can make the mortgage market seem like a minefield. However, our specialist advisers have a competent knowledge of the industry and are here to make the process straightforward. We will talk you through the options available to ensure you apply for a suitable mortgage that meets your needs and requirements

Complex income mortgage

Complex Income

Do you consider your income complex? Do you have more than one source of income, or are some of your income variables? We will take the time to fully understand your circumstances so that we can appropriately advise you of your options and how much you can potentially borrow?

Self Employed Mortgages Tunbridge Wells

If you’re self-employed, it can be more of a challenge to get freelancer mortgages because as such we will need proof that your income is reliable. But this doesn’t mean getting mortgages for self employed contractors aren’t possible for those who work alone! There are plenty of ways in which the self employed might establish their credibility and satisfy any lenders asking questions about how much money they make or where exactly these funds come from – usually just by doing things like producing tax records (if applicable) along with other necessary documents. Get in touch for mortgage advice

We know you have questions about mortgages for contractors and freelancer mortgages. Here we’ve answered some of the most frequently asked questions below.

What does the self employed mortgage mean?

Self employed mortgages or freelancer mortgages mean that you are not classed as an employee and have been operating your own business for a certain amount of time. You may also be required to show that your business is profitable and will continue to be profitable in the future.

What are the requirements for freelance mortgages?

To obtain freelance mortgages or mortgages for contractors, you will need to demonstrate how long you have been operating your business and how much profit it generates each year. You will also need to prove that your business is profitable and can afford the monthly payments on its own. There will likely be other requirements, such as proof of income from multiple sources.

How can I apply for mortgages for contractor or freelancer mortgages?

You can find out more about mortgages for contractor & freelancer mortgages by contacting us directly or following our step-by-step guide. We’ll ask you some questions about yourself and your finances so we can assess whether or not this type of mortgage is right for you.

Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

As with all insurance policies, conditions and exclusions will apply.

Not all buy to let mortgages are regulated by the Financial Conduct Authority.

Lakewood Mortgage Solutions Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: Lakewood Mortgage Solutions Ltd, 93 Bridger Way, Crowborough, East Sussex, TN6 2XD. Registered Company Number: 13242678 Registered in England and Wales. Typically we charge a fee of £495 for arranging a mortgage, however, the actual fee will depend on your circumstances. £250 is payable on application and a further £245 on completion of the mortgage.