Loans and Mortgages for Self Employed

Loans and Mortgages for Self Employed

One in six of UK workers are now self employed.

That’s over 5 million self employed people who probably don’t realise how many options they have to raise money personally or for their business.

If you are not one of them, someone you know is bound to be.

Back in the days of the credit crunch, the self employed were hit really hard. They had got used to self certification mortgages and if all their income wasn’t declared it didn’t really matter.

For personal mortgages self certification has gone and proving affordability is vital

However many non high street lenders today understand self employed borrowers better and can accommodate sole traders, zero hours contracts, how agency workers are paid and limited company owners.

For business finance, there are still lenders offering even greater flexibility for sole traders and limited companies.

For example we have a lender which covers the Midlands offering unsecured loans to businesses and sole traders up to £100,000 – even if the accounts are not up to date and even if there are a few credit problems or arrears.

They will even lend to new start businesses based on projections if the overall deal makes sense.

The team at Promise have spent the last 10 years helping self employed borrowers access the lesser known lenders and products including:

• Secured Loans
• Residential mortgages
• BTL, HMO and multi unit mortgages
• Commercial mortgages
• Unsecured business loans
• Short term bridging loans
• Development finance

If you are self employed, talk to Promise about the options available to you personally or your business
We have all the experts you are likely to need – all under one roof