LMP are experts at arranging mortgages for the Self Employed.
The key for anyone self-employed and looking to arrange a mortgage, is to prepare early. At LMP we will liaise directly with your accountant and other professional advisers to ensure that they are aligned on what is required in order for your accounts and tax returns to be accurate and complete ready for a mortgage application.
Whether you are on a short or fixed term contracts, a freelancer working for multiple organisations or indeed running a large successful Limited Company, our experienced advisers are here to help you understand your mortgage options.
We firmly believe that being self-employed should not be a barrier to home ownership!
Speak to one of our friendly advisers to establish how much you can borrow and set a budget for your new purchase.
This will involve a review of your personal and financial situation, and a request to provide certain mandatory documents to allow us to produce an ‘Agreement in Principle’.
With your permission, we will talk directly to your Accountant to ensure a clear and accurate understanding of your income.
With an ‘Agreement in Principle’ in hand, you are now ready to start registering with Estate Agents and viewing properties.
Once you have found a property which suits your needs, you are ready to ‘Make an Offer’. At this stage, you should provide the contact details of your LMP adviser, who can confirm to the vendor that you are in a position to proceed with the purchase.
It is worth noting that you will also be asked to provide details of the solicitor that you are intending to use to assist with your purchase. Don’t worry if you don’t have one in mind, we have a long list of friendly solicitors that we can put you in touch with.