Sole trader, freelancer or self-employed person without personnel
Are you worried that you cannot get a mortgage because you have your own business? De Kredieter specialises in mortgages for self-employed persons, so we can help you. And we know that every situation is different! We will look at the possibilities available to you on the basis of the result of your business.
In principle, all mortgage providers look at the net profit from your business over the past three years. They take the average as your qualifying income. If you earned less than the average in the last year, the lower figure will be taken as your qualifying income. In addition, since the beginning of 2017 only up to 101% of the value of the property can be lent. This applies to everyone, including self-employed persons. A self-employed person can in some cases borrow less than 101% because lenders consider the risk that you will be without income too great. Know where you stand We will be pleased to give you a realistic idea of the possibilities available to you.
Self-employed for less than three years
If you have been self-employed for less than three years, each lender will deal with your application differently. In some cases you will unfortunately not be eligible for a mortgage. Other lenders will base the amount you can borrow on your personal situation. You will have to provide additional information
to show the financial future of your business in as much detail as possible. For instance, a projection of future income.
We provide information, advice and guidance in the mortgage process for independent business operators.
Own business and a mortgage?