Best Financial Advisors in Basingstoke

🏠 Dreaming of homeownership but self-employed? Here's what you need to know to apply for a mortgage! 💼💡 Being self-employed shouldn't stand in the way of your homeownership goals. While the mortgage application process might seem daunting, we're here to simplify it for you. To apply for a mortgage when you're self-employed, you'll typically need to provide: Proof of income: This includes tax returns, SA302 forms, and/or accountant-certified accounts covering the past two to three years. Lenders will want to see a stable income history to assess your borrowing capacity. Bank statements: You'll need to provide recent bank statements to verify your income and outgoings. This helps lenders evaluate your financial stability and ability to afford mortgage repayments. Proof of identity and address: Standard documents such as a passport, driving license, and utility bills will be required to verify your identity and current address. Details of any debts or financial commitments: This includes loans, credit cards, and other financial obligations. Lenders need to assess your overall financial situation to determine your suitability for a mortgage. Business accounts (if applicable): If you run a business, you may need to provide business accounts, contracts, or other relevant documentation to support your income and financial stability. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.