In the UK, there are currently 4.76 million people classed as self-employed – this accounts for over 15% of the current workforce.

Although the majority of these business men and woman work hard to provide an income stream for themselves and their families, when it comes to mortgage lenders, they often get a rough ride.

This is especially true for those with an irregular income stream, such as contractors or actors, those that have recently incorporated or only recently commenced trading.

Often, the perceived complexity of self-employed income means that traditional mortgage lenders are unable to assist – making finding a competitive remortgage offer for a self-employed customer challenging

Add to this factors such as ERC’s, changes in circumstances and even unacceptable loan purpose (for example investing to grow a business), when your self-employed clients are looking to raise capital a re-mortgage is often either unavailable or unattractive.

Don’t turn these clients away and risk losing them to another broker. We can help you help and retain self-employed clients by supporting the provision of a second mortgage product.

Many of the lenders on our second mortgage panel can be more understanding when it comes to self-employed clients. They appreciate that circumstances can be complicated and are willing to take time to fully explore all sources and types of income.

We can help you with most self-employed clients, even if they have only been in business for a short term – at highly competitive rates of interest, whatever the purpose, including business investment.

Our regional sales directors have years (some of them decades!) of experience with second mortgages and can provide comprehensive training to you and your colleagues regarding these products and their USPs. We can help you ensure that your self-employed clients stay satisfied and stay with you. To arrange training please email us at introducers@loan.co.uk and we’ll put you in touch with the regional sales director responsible for your area.