Getting a mortgage when self employed
Self-employed mortgage guide by Furness Building Society
How to get a mortgage when self-employed
Firstly, let us start by reassuring you that getting a mortgage when you’re self-employed is possible. In fact, it’s becoming more common.
In recent years, the desire to change from working for someone else to becoming the captain of your own ship has increased. There are millions of self-employed workers in the UK*, across all manner of industry, and it’s a trend that’s growing.
There are clear benefits so it’s easy to see why. Greater flexibility, control over your own professional destiny plus the potential financial reward. These are all aspects that have seen many take the leap to become freelancers or business owners.
However, there are also some risks. You become reliant on yourself for your monthly or weekly income and your earnings may not always be consistent. For this reason, being self-employed can make getting a mortgage more difficult, but not impossible.
At Furness, we pride ourselves on our flexible lending criteria and our commitment to making the process as painless as possible - to suit your personal or professional circumstances. In this guide, you'll find answers to some of the questions you may have about getting a mortgage when you’re self-employed.