Your home may be repossessed if you do not keep up repayments on your mortgage
The Latest 80% LTV Residential Purchase Products
The products below are based on a purchase price of £150000 with the applicant contributing a depsoit of £30000 which means the loan amount would be £120000. All of the products listed are based on a mortgage term of 30.
{"tags":["self-employed"],"_id":"63b6c2eaa245fd52fc9eca8d","page_author":"Richard Aston","page_author_image":"images/richard-aston.jpg","page_title":"Self employed mortgage advice","meta_title":"Self-employed Mortgage Advice in Northern Ireland","meta_description":"Mortgages Northern Ireland NI offer free self-employed Mortgage Advice to all of our Northern Ireland clients. Contact us today for the best self-employed mortgage advice. ","page_category":"self-employed","isParental":true,"page_parent":"","page_url":"/self-employed-mortgages","page_menu_link":"Self employed","page_sections":[{"_id":"63b6c2eaa245fd52fc9eca8e","section_title":"Self employed mortgage advice","section_content":"Self-Employed Mortgage Advice – A common misconception on todays mortgage market is that it is now very difficult for a self-employed person to get a mortgage in Northern Ireland. However this is simply not true if you have the right paper work and can prove your income the process is pretty much the same for the self-employed as it is for the employed.\r\n<br><br>\r\nIn the past self-certification mortgages tended to be the go to product for the self-employed however these products have now been outlawed as they were being abused by both lenders and borrowers alike. These products enabled a borrower to apply for a mortgage without having to prove their income. They were originally aimed at a small minority of self-employed people but ended up being deliberately mis-sold and were subsequently banned.","section_style":"splash"},{"_id":"63b6c2eaa245fd52fc9eca8f","section_title":"What products are available to the self employed?","section_content":"The reality is that there is no such thing as a self-employed mortgage product. Self-Employed people have access to all the same deals that are available to the employed providing you can prove that you have adequate income to keep up with the repayments.","section_style":"splash"},{"_id":"63b6c2eaa245fd52fc9eca90","section_title":"Which lender should you use?","section_content":"It’s important to remember that all lenders have different criteria when dealing with the self-employed or any other borrower for that matter. Some will request 3 years accounts some will be happy with 2 years and you may even be accepted with 1 years accounts depending on your circumstances.\r\n<br><br>\r\nLending criteria changes all the time and for this reason it would be foolish for us to list lenders by their criteria here as this information could be outdated next week.\r\n<br><br>\r\nIf you have already been turned down by one lender don’t despair it doesn’t mean that they will all say no. The best thing to do is contact a mortgage broker who can give self-employed mortgage advice and who can assess your situation. Our brokers know each lenders individual criteria and will instantly know who is most likely to accept your application and we never charge a fee for our services.","section_style":"splash"}],"page_date":"Jan 05 2023","__v":0}
{"tags":["self-employed"],"_id":"63b6c2eaa245fd52fc9eca8d","page_author":"Richard Aston","page_author_image":"images/richard-aston.jpg","page_title":"Self employed mortgage advice","meta_title":"Self-employed Mortgage Advice in Northern Ireland","meta_description":"Mortgages Northern Ireland NI offer free self-employed Mortgage Advice to all of our Northern Ireland clients. Contact us today for the best self-employed mortgage advice. ","page_category":"self-employed","isParental":true,"page_parent":"","page_url":"/self-employed-mortgages","page_menu_link":"Self employed","page_sections":[{"_id":"63b6c2eaa245fd52fc9eca8e","section_title":"Self employed mortgage advice","section_content":"Self-Employed Mortgage Advice – A common misconception on todays mortgage market is that it is now very difficult for a self-employed person to get a mortgage in Northern Ireland. However this is simply not true if you have the right paper work and can prove your income the process is pretty much the same for the self-employed as it is for the employed.\r\n<br><br>\r\nIn the past self-certification mortgages tended to be the go to product for the self-employed however these products have now been outlawed as they were being abused by both lenders and borrowers alike. These products enabled a borrower to apply for a mortgage without having to prove their income. They were originally aimed at a small minority of self-employed people but ended up being deliberately mis-sold and were subsequently banned.","section_style":"splash"},{"_id":"63b6c2eaa245fd52fc9eca8f","section_title":"What products are available to the self employed?","section_content":"The reality is that there is no such thing as a self-employed mortgage product. Self-Employed people have access to all the same deals that are available to the employed providing you can prove that you have adequate income to keep up with the repayments.","section_style":"splash"},{"_id":"63b6c2eaa245fd52fc9eca90","section_title":"Which lender should you use?","section_content":"It’s important to remember that all lenders have different criteria when dealing with the self-employed or any other borrower for that matter. Some will request 3 years accounts some will be happy with 2 years and you may even be accepted with 1 years accounts depending on your circumstances.\r\n<br><br>\r\nLending criteria changes all the time and for this reason it would be foolish for us to list lenders by their criteria here as this information could be outdated next week.\r\n<br><br>\r\nIf you have already been turned down by one lender don’t despair it doesn’t mean that they will all say no. The best thing to do is contact a mortgage broker who can give self-employed mortgage advice and who can assess your situation. Our brokers know each lenders individual criteria and will instantly know who is most likely to accept your application and we never charge a fee for our services.","section_style":"splash"}],"page_date":"Jan 05 2023","__v":0}
[{"tags":["self-employed"],"_id":"63b6c2eaa245fd52fc9eca8d","page_author":"Richard Aston","page_author_image":"images/richard-aston.jpg","page_title":"Self employed mortgage advice","meta_title":"Self-employed Mortgage Advice in Northern Ireland","meta_description":"Mortgages Northern Ireland NI offer free self-employed Mortgage Advice to all of our Northern Ireland clients. Contact us today for the best self-employed mortgage advice. ","page_category":"self-employed","isParental":true,"page_parent":"","page_url":"/self-employed-mortgages","page_menu_link":"Self employed","page_sections":[{"_id":"63b6c2eaa245fd52fc9eca8e","section_title":"Self employed mortgage advice","section_content":"Self-Employed Mortgage Advice – A common misconception on todays mortgage market is that it is now very difficult for a self-employed person to get a mortgage in Northern Ireland. However this is simply not true if you have the right paper work and can prove your income the process is pretty much the same for the self-employed as it is for the employed.\r\n<br><br>\r\nIn the past self-certification mortgages tended to be the go to product for the self-employed however these products have now been outlawed as they were being abused by both lenders and borrowers alike. These products enabled a borrower to apply for a mortgage without having to prove their income. They were originally aimed at a small minority of self-employed people but ended up being deliberately mis-sold and were subsequently banned.","section_style":"splash"},{"_id":"63b6c2eaa245fd52fc9eca8f","section_title":"What products are available to the self employed?","section_content":"The reality is that there is no such thing as a self-employed mortgage product. Self-Employed people have access to all the same deals that are available to the employed providing you can prove that you have adequate income to keep up with the repayments.","section_style":"splash"},{"_id":"63b6c2eaa245fd52fc9eca90","section_title":"Which lender should you use?","section_content":"It’s important to remember that all lenders have different criteria when dealing with the self-employed or any other borrower for that matter. Some will request 3 years accounts some will be happy with 2 years and you may even be accepted with 1 years accounts depending on your circumstances.\r\n<br><br>\r\nLending criteria changes all the time and for this reason it would be foolish for us to list lenders by their criteria here as this information could be outdated next week.\r\n<br><br>\r\nIf you have already been turned down by one lender don’t despair it doesn’t mean that they will all say no. The best thing to do is contact a mortgage broker who can give self-employed mortgage advice and who can assess your situation. Our brokers know each lenders individual criteria and will instantly know who is most likely to accept your application and we never charge a fee for our services.","section_style":"splash"}],"page_date":"Jan 05 2023","__v":0},{"tags":["self-employed"],"_id":"63b84c2617772960907e5d3a","page_author":"Richard Aston","page_author_image":"images/richard-aston.jpg","page_title":"Self employed - Improve your chances","meta_title":"Self-employed Mortgages | Improve your chances","meta_description":"Improve your chances of being accepted for a self-employed mortgage by following the steps listed here with mortgage adviser ni. ","page_category":"self-employed","isParental":false,"page_parent":"/self-employed-mortgages","page_url":"/improve-your-chances","page_menu_link":"self employed improve your chances","page_sections":[{"_id":"63ddb74408368a00184d6a73","section_title":"self employed improve your chances","section_content":" Since the introduction of the new MMR rules in 2014 getting a mortgage has become much more difficult for both the self-employed and the employed alike. Below we list a few simple rules that you should follow in order to improve your chances of being accepted for a self-employed mortgage.\r\n ","section_style":"splash"},{"_id":"63ddb74408368a00184d6a74","section_title":"Control your spending ","section_content":" The majority of lenders will ask detailed questions regarding your spending habits and will want to see Bank Statements ( usually 3 months ) in order to verify your answers.\r\n<br><br>\r\nThis doesn’t mean that you will be punished for having a gym membership or eating out at the weekend as they will be mainly looking at committed expenditure eg credit cards, car loans and overdrafts etc, but it doesn’t hurt to show that you have additional income left at the end of each month in order to prove that you can afford to make the repayments along with all of the additional costs associated with running a home.\r\n ","section_style":"splash"},{"_id":"63ddb74408368a00184d6a75","section_title":"Improve your credit score","section_content":" Clearing credit card debt, loans and overdrafts will not only improve your credit score but it will also leave you with additional disposable income at the end of each month, this will in turn allow you to borrow more on your mortgage should you need to do so.\r\n<br><br>\r\nIt’s important that you do not miss payments, late fees and penalties will show up on your credit report and will undoubtedly hurt your chances of being accepted.\r\n ","section_style":"splash"},{"_id":"63ddb74408368a00184d6a76","section_title":"Save a larger deposit","section_content":" It might not seem fair but saving a larger deposit will always improve your chances of being accepted for self-employed mortgage. The fact is that those with a larger deposit represent less of a risk to the lender and it also proves that you have additional income.\r\n ","section_style":"splash"},{"_id":"63ddb74408368a00184d6a77","section_title":"Find a mortgage broker","section_content":" As we have mentioned before many times throughout this website each lender has varying criteria and it pays to enlist the help of an expert who has detailed knowledge of each and every ones.\r\n<br><br>\r\nOur mortgage Advisors will first assess your situation and then use our expert knowledge to apply to the one who is most likely to accept your application and we never charge a fee for our services. <a href=\"/contact-us\">Contact a mortgage Broker today.</a>\r\n ","section_style":"splash"}],"page_date":"Fri Jan 06 2023 16:28:22 GMT+0000 (Greenwich Mean Time)","__v":0},{"tags":["self-employed"],"_id":"63b84e1f17772960907e5d47","page_author":"Richard Aston","page_author_image":"images/richard-aston.jpg","page_title":"Prove your income","meta_title":"Self-employed Mortgages Proving your Income","meta_description":"Self-employed mortgages how do you prove your income ? Find out here with Mortgages Northern Ireland. Contact us today for free mortgage advice. ","page_category":"self-employed","isParental":false,"page_parent":"/self-employed-mortgages","page_url":"/self-employed-proving-my-income","page_menu_link":"Prove your income","page_sections":[{"_id":"63ddb79bfdfbe70018cd5443","section_title":"Prove your income","section_content":" Possibly the biggest hurdle standing between the self-employed and securing a mortgage is proving that they have adequate income to service the loan. Gone are the days of self-certification and now every applicant must provide irrefutable proof that their income is sufficient.\r\n<br><br>\r\nPart of the problem may lie with your accountant who will see it as part of their job to minimise your tax bill by using perfectly legitimate methods to reduce your taxable income. While this may serve its purpose by saving you money on your annual tax bill it can also go against you when trying to prove affordability to a lender.\r\n<br><br>\r\nSome of the documents a lender may ask to see include but are not limited to.\r\n<br><br>\r\n<div class=\"accordion-panel\">\r\n <div class=\"accordion-item\">\r\n <button class=\"accordion-button\">SA302's<span class=\"material-symbols-outlined\">\r\narrow_downward\r\n</span></button>\r\n <div>\r\n <p class=\"panel\">\r\nAn SA302 is effectively a receipt from the HMRC, it will confirm to the lender how much tax you have paid on your earnings. Most lenders will request 2 or 3 years SA302’s.\r\n<br><br>\r\nYour SA302 will include your tax reference number, year of reference, name, income received before tax is deducted, income on which tax is due, any tax credits received and total income tax due.\r\n<br><br>\r\nIf you complete your own tax returns you should be able to download a copy of your SA302’s from the HMRC’s website or you can request them directly yourself. If you use an accountant they should be able to provide you with a copy.\r\n </p>\r\n </div>\r\n </div>\r\n\r\n <div class=\"accordion-item\">\r\n <button class=\"accordion-button\">Accountants Reference<span class=\"material-symbols-outlined\">\r\narrow_downward\r\n</span></button>\r\n <div>\r\n <p class=\"panel\">\r\nIn addition to an SA302 some lenders may also ask for an accountants reference. This is usually a short letter that has been stamped and signed by your accountant to confirm that all of your tax affairs have been pad in full and that there is nothing outstanding.\r\n </p>\r\n </div>\r\n </div>\r\n\r\n <div class=\"accordion-item\">\r\n <button class=\"accordion-button\">Business Bank Statements<span class=\"material-symbols-outlined\">\r\narrow_downward\r\n</span></button>\r\n <div>\r\n <p class=\"panel\">\r\nAll Self-employed persons should have separate Bank Accounts for their business and personal affairs. The majority of lenders will ask to see 6 months worth of statements and some may even ask for a years worth. These statements will be assessed by an underwriter to confirm that your business is both sustainable and profitable.\r\n </p>\r\n </div>\r\n </div>\r\n</div>\r\n\r\n<br><br>\r\nShould you need any more information on proving your income please <a href=\"/contact-us\">contact a mortgage broker today.</a> Mortgage Adviser NI will never charge a fee for our services and we deal with self-employed applicants on a daily basis.\r\n \r\n \r\n ","section_style":"splash"}],"page_date":"Fri Jan 06 2023 16:36:47 GMT+0000 (Greenwich Mean Time)","__v":0}]
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