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- Self
Employed Help Index
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But-To-Let
As A Retirement Plan ! Many people nowadays rent out a
second property as a way of saving for retirement. When a
person needs to they will either sell the property for a lump
sum or use the rent as a top up to their pension. Many
mortgage finance companies now offer specialist interest only
buy to let packages that make entering the property market
easier than ever.
© Copyright 2007 www.Self Employed Help .co.uk ~ All Rights Reserved.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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Need A Self Employed Mortgage ?
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If you are
self-employed and are in the market for mortgage finance
then no doubt you may be having one or two problems. Unfortunately
many financial companies do not like people in personal
self employment they tend to think that someone who
works for themselves doesn't have regular income and
that some months miss payments.
Although organisations such as banks and building
societies will accept self employed workers in many
cases they will charge a higher rate of interest and
almost certainly require 2 years worth of certified
accounts.
This kind of scenario is fine if you run a
successful business that has been going for years, but
for new businesses or small sole traders who do all
their books themselves it can be a real pain. Luckily
nowadays many financial lenders have jumped on the bandwagon
and now many offer specialist products specially
designed for the self employed person seeking a mortgage
or re-mortgage.
Self
Employed Mortgage Ayrshire
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