How can I get a self-employed mortgage with bad credit?
Applying for your mortgage through a whole-of-market broker is often the best route. Some mortgage lenders will decline you outright if you’re self-employed and have bad credit, while others may offer unfavourable rates. A broker with the right expertise can introduce you to the mortgage provider best positioned to offer a competitive deal to a customer with your credit history.
Specialist bad credit mortgage companies take a broader view of self-employed customers with bad credit and will base their decision on the age, severity and reason for the credit problem.
With the right advice, it may even be possible to get a self-employed mortgage with severe forms of adverse credit, such as bankruptcies and repossessions, as long as enough time has passed since these issues occurred and your financial conduct has been responsible since then.