If you work as a freelancer in Liverpool and are looking for reliable mortgage advice, CRC Mortgages is here to support you. As experienced mortgage brokers specialising in mortgages for freelancers, we understand the unique financial circumstances you face. Our dedicated Liverpool-based advisors can help you navigate the challenges of obtaining a mortgage when your income fluctuates or comes from multiple clients or projects. Unlike standard contractor or self-employed mortgages, freelancer mortgages require a distinct approach, which we are fully equipped to provide.
What Are Mortgages for Freelancers?
As a freelancer, your income may not follow the traditional patterns recognised by some mortgage lenders. Unlike salaried or regular contracted roles, freelance income can vary significantly from month to month, often making mortgages a bit more complex.
At CRC Mortgages, our Liverpool mortgage experts are experienced in assisting freelancers who may face additional hurdles when applying for a mortgage. We can help clearly demonstrate your income stability to lenders by guiding you through the process of preparing evidence such as client contracts, agreements, invoices and bank statements as appropriate. Having clear documentation in place is essential for freelance mortgage applications, and our advisors are here to streamline this process as much as possible.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT
The FCA does not regulate some forms of Buy to Lets. Think carefully before securing other debts against your home/property.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £449 to £699 and this will be discussed and agreed with you at the earliest opportunity.
If you would like to speak with an adviser,
please contact us below.
Why Choose Our Mortgage Advisors Liverpool
Choosing CRC Mortgages means accessing trusted and experienced mortgage advisors who understand the Liverpool property landscape and the specific challenges faced by freelancers. We offer personalised advice tailored specifically to your freelance situation and income structure.
Our local knowledge of the Liverpool property market allows our advisors to provide relevant guidance suited to the areas you’re considering. Whether you’re buying your first home in Aigburth, looking to remortgage in Woolton or investing in property in Liverpool city centre, we can provide practical support at every stage of your mortgage application and beyond.
Applying for a Freelancer Mortgage Liverpool
We appreciate that the mortgage application process can feel complicated, especially for freelancers. To position your application as favourably as possible, we’ll help you clearly present your employment history, client contracts and financial stability to potential lenders.
Our Liverpool mortgage brokers understand the varying lending criteria and income assessments used by lenders. We help you match your profile to lenders who may consider your freelance earnings appropriately. By thoroughly preparing your application in advance, we aim to reduce delays and progress your mortgage as efficiently as possible, saving you valuable time as well as unnecessary anxiety.
Remortgaging Liverpool as a Freelancer
If you already have a mortgage and are looking to remortgage, our expert Liverpool-based mortgage advisors can guide you through the process. Whether you’re interested in remortgaging to release equity, access better mortgage terms or switch your mortgage type, we are here to help you.
Our advisors will review your current mortgage arrangements and circumstances to help identify suitable remortgage products that meet your needs as a freelancer. We ensure you understand your available options so that you can carefully assess whether remortgaging aligns with your financial goals.
Buy to Let Mortgages for Freelancers Liverpool
As a freelancer looking to invest in Liverpool property, you might consider a buy to let mortgage. Our mortgage brokers are highly experienced in assisting freelancers with buy to let mortgages in Liverpool. We help you understand the criteria involved, and how lenders assess freelance applicants.
From initial consultations to submitting your application, we guide you throughout the buy to let mortgage process and help manage the complexities traditionally associated with freelance income.
Frequently Asked Questions About Freelancer Mortgages Liverpool
Can a freelancer easily get a mortgage?
Freelancers can typically secure mortgages; however, the process can be more comprehensive than it is for employed applicants. Often, you will need to provide additional documentation to prove your income and personal financial stability. Consulting professional mortgage brokers such as CRC Mortgages can make the process clearer and simpler.
What income evidence do freelancers need for mortgages in Liverpool?
Lenders usually ask for two years of accounts or self-assessment tax returns (SA302s), supported by corresponding tax year overviews. However, this can vary between lenders. Some mortgage providers may accept shorter freelance histories if the circumstances are favourable. Our team can advise you on exactly what documentation you need depending on your situation.
Can I remortgage my Liverpool home if I recently became a freelancer?
It may be possible to remortgage soon after becoming freelance, though this depends heavily on your unique financial circumstances and the lender’s criteria. Typically, lenders prefer to see freelance income records stretching back at least one or two years. We recommend speaking to one of our Liverpool mortgage advisors to review your options carefully.
How much can freelancers borrow for mortgages?
Freelancers can usually borrow a similar amount to employed applicants, typically around four to five times your annual verified income. However, the exact amount will depend on individual circumstances, including your credit score, outgoings, financial history and how comfortably your income covers the prospective repayments.
How can a mortgage broker in Liverpool help freelancers?
A mortgage broker such as CRC Mortgages specialises in matching freelancers to appropriate lenders and mortgage products. Brokers can help present your freelance income in the most favourable light possible and provide support throughout the mortgage application process, helping to reduce the complexities freelancers traditionally face.
If you are a freelancer looking for mortgage advice in Liverpool, contact CRC Mortgages today, and our friendly experts will be happy to support you through the mortgage journey.