At CRC Mortgages, we understand that applying for a mortgage as a newly self-employed individual can present unique challenges. If you’ve recently become self-employed within the past 12 to 18 months, obtaining mortgage approval can seem particularly daunting. However, with guidance and tailored support from our specialist mortgage brokers in Liverpool, you can significantly increase your possibility of securing a suitable mortgage deal and getting onto or moving up the property ladder.
Your Self-Employment Mortgage Options Liverpool
Many lenders typically require self-employed applicants to present at least two or three years of accounts to validate their income stability. But we appreciate that business opportunities don’t always align neatly to traditional rules. Getting a mortgage with just one year of self-employment accounts is possible, though it often requires a thorough understanding of different lenders’ criteria and additional preparation to strengthen your application.
At CRC Mortgages Liverpool, our specialist mortgage advisors have extensive experience assisting newly self-employed clients. We take the time to examine your individual circumstances and business documentation to help identify lenders whose criteria could potentially suit your specific situation. We can’t promise guaranteed approval, but we will certainly make every effort to offer support and practical guidance to help your application run as smoothly 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.
Mortgage Advice for Newly Self Employed in Liverpool
If you’re newly self-employed, having clarity and proper guidance when seeking your mortgage is essential. Our professional mortgage brokers in Liverpool will patiently guide you through each step of the mortgage application process. We will help you understand which lenders are most likely to approve an applicant with just one year of self-employment records, enabling us to save you as much time and anxiety as possible.
Common documentation requirements for self-employed mortgage applicants usually include:
- Proof of your accounts for your first full trading year
- SA302 tax calculation forms from HMRC
- Bank statements demonstrating regular income from your business
- Proof of identification and residential address
- Evidence of trading continuity or business contracts (if applicable)
Our team will help you navigate these requirements, aiming to present a structured and detailed case to lenders, increasing the possibility that your application could be viewed favourably.
Remortgaging for the Self-Employed Liverpool
If you are currently tied into your initial mortgage deal but have recently become self-employed, remortgaging could also present challenges. Lenders may scrutinise your recent employment changes, yet remortgaging options do exist for newly self-employed individuals. Our mortgage advisors in Liverpool will assess your current position, help clarify remortgage options and support your application to potentially secure favourable terms tailored to your financial circumstances.
Why Choose Our Mortgage Advisors Liverpool?
CRC Mortgages Liverpool embraces a clear, approachable and client-focussed ethos. Our advisors consistently strive to offer real assistance wherever possible. Here are some key reasons why mortgage applicants choose us:
- We specialise in assisting newly self-employed mortgage applicants
- Clear, jargon-free communication tailored to your needs
- Extensive knowledge of varying lender criteria for one-year self-employed accounts
- We offer guidance and support designed specifically around your financial situation
- Local Liverpool-based team who understand regional property markets and lender trends
Frequently Asked Questions
Can I get a mortgage if I’ve been self-employed for just 12 months?
Yes, it is possible, though choices may be more limited compared to traditional salaried applicants. With carefully prepared documentation and the right lender criteria, our mortgage brokers in Liverpool can help improve your chance of approval.
What documents do I need to provide for a one-year self-employed mortgage?
You generally will need proof of income through your first year’s accounts, HMRC SA302 tax calculations, bank statements and proof of identification and address. Additional documents illustrating consistent work or future contracts may also help.
Does having a limited company affect my mortgage application?
Applying for a mortgage as a self-employed director of a limited company typically requires slightly different documentation than a sole trader. However, mortgage approval is still possible. Our experienced mortgage advisors routinely support limited company directors with one year of trading accounts.
Is it harder to remortgage after becoming newly self-employed?
While it can be more complicated if you’ve recently changed employment status, remortgaging options remain available. Our specialist brokers can assist in exploring potential lender options.
If you are self-employed with one year of accounts and looking for mortgage guidance in Liverpool, CRC Mortgages is here to help. Contact our friendly mortgage advisors today and let us guide you through your mortgage journey as effectively and smoothly as possible.