The Self-Employed Tax Year Has Now Started
If you are self-employed, then you may be aware that the new tax year has started. If you are looking to file your return so that you can qualify for a mortgage, then you can do so, right now. You don’t need to wait until January, and by filing now, you could get a jump-start on the properties that are on the market right now.
If you are a self-employed professional, then you most likely won’t have payslips to prove your income. That’s why it is so important that you file your tax return so that you can prove to your mortgage provider that you are able to borrow the amount you want, to buy your home. Every situation is different of course, but you can provide information such as your more recent, complete tax returns as well as some identification.
Not all mortgage providers look at self-employed income in the same way, so it is a good idea for you to try and speak to a broker about your situation first. If you can do this, then you will soon find that they can match you with a good lender who has years of experience in self-employed mortgages. Some banks will also want to see a history of you saving up for a deposit, for example.
Either way, if you want to apply for a mortgage as a self-employed professional, then you’ll be glad to know that this is now easier than ever to do, and banks are now more accepting than ever of self-employed applicants. By downloading your Tax Calculation and Tax Overview (previously known as an SA302) online, you can then put yourself in a very good position when it comes to your mortgage application.
Contact us today on 0800 001 6515 to discuss how we can help you…
