Self Employed Mortgages

If you are self-employed, you may feel a little apprehensive about applying for a mortgage. Don't be concerned, it's possible to work for yourself and get a mortgage for a new or existing property. You might simply need to provide a little more information to demonstrate that you can keep up to date with your monthly repayments.

We appreciate that not everyone’s finances are straight forward. So regardless of whether you run a limited company, are a partner in a partnership or are a sole trader, Swansea Building Society will look at the overall picture.

Our team of experts evaluate each mortgage application on its individual merits and use a common-sense approach to understand everyone's different circumstances.

We work with business owners and entrepreneurs of all types and sizes to make getting a mortgage effortless.

If you're a business owner, or you work for yourself, then you may very well be self-employed.

You are most likely to be self-employed if you're:

• Sole trader - You work on your own, retain your profits and are solely accountable for your business
• A partner in a Partnership
• Hold at least a 25% of issued share capital of a Limited Company / Limited Liability Partnership

It's important to understand that there isn't actually a special ‘self-employed mortgage’ product. You will in fact be applying for the exact same mortgage as anybody else.

The main difference is that the Society will require additional, more specific documentation to.

However, the society needs to obtain certain other documents to allow us to be assured that you can afford to borrow the money you require to buy a property.

As with any mortgage application, you’ll need to provide some documents

Here is an outline of the documents required, however due to every scenario being unique, further documentation maybe sought. we might need to ask you for other documents.

• Bank details
• Evidence of a regular income and bank statements
• Tax-year overview for the past two years or SA302 forms
• Evidence of the business trading performance over the last two years.