Kent Reliance improves self-employed/contractor mortgage criteria.
The Kent Reliance has announced that it has improved its mortgage criteria making it easier for self-employed/contractor mortgage applicants.
The building society will now consider residential mortgage applications from professionals who are self-employed, if they have been trading for a minimum of 12 months.
Professional applicants include lawyers, doctors and accountants. The lender will require three months personal and business bank statements. Note that self-assessment tax returns and SA302's are not an acceptable for of proof of income.
When searching for a contractor/self-employed mortgage deal, it’s vital to seek independent advice. Not all lenders are prepared to view contractors in a favourable light, and so it is vital to find one that does.
When looking for your mortgage you are recommended to contact a specialist mortgage adviser at Deal Direct.
Why choose Deal Direct?
- We are an independent ‘whole of market’ broker.
- We have an excellent reputation.
- We have vast experience working within the contractor mortgage sector.
- We have relationships with specialist lenders.
- We keep ourselves up to date on all market changes, lending criteria adjustments and new product releases.
Our close relationships with contractor lenders, means we can offer exclusive products and mortgage ‘specials’.
Contact us on 0800 048 8828,
and improve your chances of mortgage success.
