Most of the self-employed people do not keep good records of their business activity. The standard mortgage lender would allow the borrower to have proven income in the form of tax receipts for at least two years.

Some may be able to get through with just one year’s worth of earnings, but only if they have demonstrated substantial and sustainable profits.

Lenders can also make judgments on the company’s future prospects when making a decision. You can also opt for specialised mortgage solutions to compare home loans & mortgages.

Many start-ups ‘ business credit scores will be zilch. That’s because most new startups don’t have to show a lot of working capital, and most of them are likely to be in debt to a small business loan.

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It makes it increasingly difficult to obtain a loan as applicant’s business credit line and the applicant’s personal credit line, both are being checked.

The inability to afford a house does not have to interrupt your self-employed lifestyle. The first step is to check your credit rating, followed by an obsessive hunt with your option of a mortgage broker. You will close the deal and move in as little as a month.