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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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Looking For A Self Employed UK Remortgage ?
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If you work for yourself
then no doubt if you have been looking for a mortgage
you may have experienced some problems. Firstly because
due to tax purposes the income you declare is normally a
lot less than you actually do earn getting the amount
you need with accountants proof can be difficult.
Secondly most banks and other financial institutions
tend to think of self employment as unsecure and that
income is sporadic. For these reasons you may find that
conventional lenders may give you higher interest rates
or not lend you enough funds for your UK remortgage.
Things nowadays are changing though, due to increased
competition and the introduction of brokers and mortgage
advisors lenders now have special products to help with
a self employed UK remortgage or even a first time buyer
mortgage. Your past payment history along with your
equity in your home puts you in a good position and many
financial lenders will let you re-mortgage without proof
of earnings or accounts.
Self employed remortgages like these are known as self
certs or self certification mortgages. To find out more
contact us and we will do out best to help you.
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