Being classed as self employed quite often means that there are a few extra checks that need to be carried out to get you your mortgage or remortgage. It is strange to think that if you were employed rather than being self-employed it may well be easier to acquire your new mortgage. All lenders work differently, they tend to use what is termed as a score card or points system to help them to underwrite your self-employed mortgage application. Dependent on how high or low your score is, this usually determines if the lender is prepared to lend to you.
There are different types of self-employed applicants from sole traders, limited companies or partnerships. Dependent on what type of company you have, may also determine the lender may be able to offer you your self-employed mortgage. Having independent mortgage brokers helping and guiding you through the process could make all the difference to you getting the self-employed mortgages at all.