Getting a mortgage can be a complicated process, especially if you are self-employed. Many lenders require proof of a consistent income and employment history, which can be difficult for self-employed individuals to provide. However, there are mortgage lenders in the UK who specialize in providing mortgages to those who are self-employed. In this article, we will look at the best mortgage lenders for self-employed individuals in the UK.
1. Halifax
Halifax is a well-known mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history, and they will consider your income from the past two years as well as your projected income for the next year. Halifax also offers a range of mortgage products to suit different needs and budgets.
2. Nationwide
Nationwide is another popular mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of three years of self-employed history and will consider your income from the past three years as well as your projected income for the next year. Nationwide also offers a range of mortgage products to suit different needs and budgets.
3. Barclays
Barclays is a well-known mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history and will consider your income from the past two years as well as your projected income for the next year. Barclays also offers a range of mortgage products to suit different needs and budgets.
4. Santander
Santander is a popular mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history and will consider your income from the past two years as well as your projected income for the next year. Santander also offers a range of mortgage products to suit different needs and budgets.
5. NatWest
NatWest is a well-known mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history and will consider your income from the past two years as well as your projected income for the next year. NatWest also offers a range of mortgage products to suit different needs and budgets.
6. Virgin Money
Virgin Money is a popular mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history and will consider your income from the past two years as well as your projected income for the next year. Virgin Money also offers a range of mortgage products to suit different needs and budgets.
7. Clydesdale Bank
Clydesdale Bank is a well-known mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history and will consider your income from the past two years as well as your projected income for the next year. Clydesdale Bank also offers a range of mortgage products to suit different needs and budgets.
8. Leeds Building Society
Leeds Building Society is a popular mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history and will consider your income from the past two years as well as your projected income for the next year. Leeds Building Society also offers a range of mortgage products to suit different needs and budgets.
9. Coventry Building Society
Coventry Building Society is a well-known mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history and will consider your income from the past two years as well as your projected income for the next year. Coventry Building Society also offers a range of mortgage products to suit different needs and budgets.
10. The Mortgage Works
The Mortgage Works is a popular mortgage lender in the UK, and they offer mortgages to self-employed individuals. They require a minimum of two years of self-employment history and will consider your income from the past two years as well as your projected income for the next year. The Mortgage Works also offers a range of mortgage products to suit different needs and budgets.
Conclusion
Getting a mortgage when you are self-employed can be challenging, but there are mortgage lenders in the UK who specialize in providing mortgages to self-employed individuals. Halifax, Nationwide, Barclays, Santander, NatWest, Virgin Money, Clydesdale Bank, Leeds Building Society, Coventry Building Society, and The Mortgage Works all offer mortgages to self-employed individuals. Make sure to research your options and find a lender that suits your needs and budget.