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Yahoo Expert Answers –– Self Employed Mortgages - 29th October 2009
Can i still get a mortgage if i'm self employed? Have the rules changed recently?
Yes you can. You may be referring to the Mortgage Market Review which included a recommendation that Self Certification mortgages are banned – these are commonly associated with the self employed as no proof of income is required. However, if you have 2 years accounts (minimum) then you should be able to obtain a mortgage like anybody else.
Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please go to http://www.unbiased.co.uk
Source(s):
James Carter, Independent Financial Adviser, Independent James
James has 11 years experience working in the Independent Financial Advice arena. Mortgage & Protection advice have always been his main business areas and James’ vision for customer service entails a one to one service combined with comprehensive administrative support. James also holds the Advanced CeMAP qualification. James is a frequent provider of media and industry comment, including BBC’s Working Lunch, FT Adviser, Money Marketing, Mortgage Strategy and Mortgage Introducer magazines.