Mortgages for the self-employed

It is more difficult to obtain a mortgage if you are self-employed. Most lenders will expect to see the last two years of your audited accounts that have been checked by HMRC. You can request a statement, form SA 302 from HMRC that details your taxable income and is accepted by most lenders as proof of your earnings.

Since the credit crunch the criteria surrounding lending to self-employed individuals has been tightened by most lenders. It is possible that a lender will want to see evidence of projected income into the future before they agree to lend you money for a mortgage.

	Google launches new mortgage price comparison site Google has relaunched its mortgage price comparison site as it adds to its portfolio of products since its acquisition of BeatThatQuote in March 2011 for £37.7 million.
	Baby-boomers lead the way as self-employed numbers rise Official statistics show that there has been a rise of 367,000 people becoming self-employed since the financial crisis of 2008 and many of these people are over 50.
	Interest only mortgages An interest only mortgage is a loan secured against the value of a property that is not designed to be paid off.
	Shopping around for life insurance ‘can save up to £200’ A huge price gap between the highest and lowest costing life insurance policies means consumers could save hundreds of pounds by taking time to shop around.
	Tesco launch New Year loans, credit card and insurance offers Tesco Bank has released details of its 'winter warmers' promotions with a reduction in personal loan rates and free vouchers for new pet and car insurance customers.