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Being self-employed , and not having a regular or provable income needn't prevent you from getting
mortgage that you need, there are specialist lenders in
market who offer mortgages for these circumstances.
There are lenders that will offer you a mortgage on basis that you self certify your income, nevertheless, you'd still need to have a sizeable deposit to put down to lessen
lenders risk. For this deposit of 15-20%
lenders do not check employment records or ask for your accountant to clarify your earnings.
Mortgage lenders will want to see three years audited accounts from a certified accountant before they consider a mortgage for
self-employed. If you do not have three years accounts you may be able to get a self-certification mortgage by declaring your income. You have to provide a certificate from your accountant for your last few years' mortgage statements.
Some specialist mortgage lenders have targeted
self-employment mortgage market by providing some solutions that offer a more flexible approach to match
working pattern of someone who is self-employed. This means that they accept that when you are self-employed you may enjoy periods of high income but you may also suffer from periods of low income. Your mortgage should reflect that, enabling you to overpay and underpay when you need.
Those with a reasonable amount of deposit but unable to show their true earnings would suit this type of mortgage.
You may freely reprint this article provided
author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.