Self Employed Mortgages
Self-employed individuals often utilize write-offs to minimize their net income for tax purposes. Traditional banks use this reported net income for qualification, which can be a hurdle. Everlend takes a different approach, focusing on the individual's true income by reviewing documents like invoices and bank statements. This allows a greater portion of the gross income to be used when qualifying for a Self Employed Mortgage.
Overview
Qualifying for a self-employed mortgage isn't based on your reported net income for tax purposes; instead, we evaluate your actual cash flow based on your bank deposits, invoices and expenses.
Why choose this?
Access more money than your bank
Access tax-efficient capital
Consolidate high-interest debt
Focus on growing your business.
How It Works
1
Financial Assessment
Your application with us will provide an insight in to your finances to help with your approval.
2
Document Analysis
We use your 12 months or business bank statements, and invoices to find out your borrowing capability
3
Approval Process
We access our pool of institutions and investors to find the best home equity loan for your needs.
4
Funds Transferred
Once you have signed the approval, your lawyer will be notified to facilitate a remote signing, after which the funds will be disbursed directly to your account.
Speak to a knowledgable agent
Book a free consultation with our experts to discuss your self employed mortgages needs.