Can I have a home loan if I’m self-employed?

The industry that is same suggests that people are avoiding pursuing their fantasy of having regarding the home ladder as a result of outdated fables as to what it requires to have authorized for home financing.

Around 35% assume they’re not eligible or don’t earn enough, and 33% have found the advice and process confusing and stressful. It’s fair to presume that a number that is huge of whom may potentially obtain property are discounting on their own without also trying.

There are about 4.8 million self-employed individuals in the UK, lots of whom erroneously think their income that is irregular or of 3 years’ worth of reports means they immediately don’t meet up with the needs for a home loan. This might be wrong. Regardless of research showing that almost 50% of applications are becoming rejected for “non-standard” reasons self-employment that is including contracting, our numbers for Crunch Mortgages in 2018 show that more than 94percent associated with applications we made with respect to our consumers were accepted. Lees verder