There is a misconception usually amongst the self employed or Company Directors that they will not be able to get a mortgage. This is not true.
However, a lender will always take into account the stability of an applicant’s employment when making a decision whether to lend.
Typically, for the self employed, there is a minimum trading requirement with mainstream lenders of 2-3 years but there are those lenders who will lend to you after the first trading year or some will even lend when you have only been trading for just 6 months.
For those in employment, the applicant must have been in their current job for at least 6 months or have been in continuous employment for 6 months but there still lenders who will go outside these guidelines and Mosaic Mortgages will be able to source from the entire mortgage market to find a lender who is sympathetic to your individual circumstances.
If you are concerned that your employment status will cause you a problem obtaining a mortgage then click here for one of our specialists to contact you to discuss your individual circumstances.