If are a professional and have recently joined a firm as partner, some lenders will now assess affordability of the mortgage based on the value of your contract with the partnership.
You may provide your services to a client through a contract between your limited company and your client. In these circumstances, it may be possible to assess the affordability of your mortgage based on the value of the contract.
Company with less than two years accounts?
A number of lenders will now consider a mortgage application from individuals who have been trading for less than two years', as long as you can provide one year’s accounts.
Do you pay more for a professional mortgage?
The simple answer is no, many of the top UK lenders will now consider applications from professionals and take a more flexible approach to how they evidence affordability.
How can the Mortgage Marketplace help?We work with all lenders that offer mortgages for professionals and understand the unique criteria that each lender will apply.