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| Mortgages
for the self-employed have become much more flexible
in recent years. The traditional underwriting
which required at least 3 Years' Audited Accounts
has moved to much more flexible arrangements where
clients are now able to self-certify their
income. Albyn
Associates Financial Management can
advise and assist you in this specialist area
of mortgages and remortgages. |
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| How Much
Can I Borrow? |
- Do
you have accounts? Do they support how much you
want to borrow?
|
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Multiply
your earnings (normally Net Profit) by 3.25. Is
this enough? If this is, and you have 2 years'
accounts, you can probably get a 95% loan from a high
street lender. |
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- I
don't have accounts, but I have an Accountant!
|
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Depending
on how long you have been trading you can get up to
95% lending from a specialist lender. If you have
a larger deposit, again, some high street lenders will
consider you. You can self-cert up to 80% with a high
street lender on a nil redemption base rate tracker! |
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|
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If
you have a bigger deposit, say 40%, you can get a mortgage
from one of the biggest high street lenders in the
country, at VERY competitive rates! |
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All
of these figures will differ if you have "Adverse
Credit", where a credit problem such as a CCJ,
Default or Arrears will cause difficulty. Again,
Specialist Lenders can help here, but expect to pay
a higher rate and have a larger deposit. So,
how can Albyn
Associates Financial Management help
me?
- up to 90% Loan to Value
- Fixed and Discounted rates available
- Minimum trading one year, sometimes less
|
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| Interested? |
| To
obtain a FREE personalised quote, simply
complete our enquiry form by CLICKING
HERE |
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