More than 20% of mortgage applications from self employed applicants are rejected, one in four have been turned down more than four times

As an experienced Mortgage broker, we have dealt with countless self employed applications and knows the common pit falls where going it alone can extend and even completely halt the process. Using a mortgage broker takes the guess work and heart ache out of the process as a self-employed applicant.

There are nearly 5m self employed and many are looking for a mortgage either for a new purchase or to capitalise on the lower rates available in todays competitive market. The main reasons for rejection of applications are:

• Irregular Income
• Insufficient Income
• Insufficient Proof of Current and Future Income

Take the guess work out of your mortgage application and get it done right

The way people live and work has evolved hugely in the past decade and many lenders have not kept pace with this from a proposition as well as underwriting perspective. If you don’t know what lenders to approach and what needs to be provided to them then you will likely be declined. The best way to avoid this is to work with a mortgage broker who had and knows the whole market therefore enables applications to be submitted to lenders who will more likely approve the loan.

An independent Mortgage Adviser, such as Cullen Financial Services Ltd , with extensive knowledge and experience of placing mortgages for the self employed, can quickly review the market with you, and identify a rate and deal that best suits your circumstances. The increased number of lenders and revised lending criteria mean that they can help you avoid the heartbreak of being declined and ensure that you have a mortgage tailored to your circumstances.

Next steps:

1. Get out details of your current mortgage, or of the property that you are wanting to buy
2. Call Cullen Financial Services Ltd for an initial conversation, free of charge
3. They will review your current mortgage deal, along with your personal circumstances and objectives to understand how to best advise you
4. They will make a recommendation and will deal with all of the paperwork for you