Lenders will view you as self employed if you own more than 25% of a business, from which you earn your main income.
You could be a sole trader, company director or contractor.
You will need to provide at least 1 Years accounts and tax returns. It can be preferable to lenders for accounts to be prepared by a qualified, chartered accountant.
If you have net profit in your business we can use this to maximise lending.
Adverse credit? Don’t write yourself off, there are many options we can explore.
Remortgaging for business purposes, a tax liability or home improvements you don't always need to remortgage.
If you wish to enjoy the benefits of a second home for your holiday and also let the property to generate income, we can help. Mortgage finance for Holiday Lets available based on using an average of the projected Low, Mid and High season weekly rental yields.
If you are looking to borrow more than £1,000,000, our specialists in large mortgage loans are here to help. When it comes to high value mortgages, it’s often the private banks that will offer the best deals rather than the high-street lenders. We have a number of exceptional contacts at private banks and years of experience, so are perfectly placed to arrange a large mortgage loan tailored to your needs.
A bridging loan is taken out to ‘bridge’ the gap between the purchase of a new property and the sale of an existing one. Loans are generally short‑term and secured on the existing property, but repaid as soon as this is sold. ‘Bridges’ may help you secure your new property, but you should be aware that they can be expensive and if the sale of your existing property falls through, you will be left paying two loans at once.
Whether you’re an experienced landlord or just starting out, you’ll have specialist requirements that set you apart from a standard residential purchaser. We can access the major lenders in the buy to let market including those specialising in lending to professional landlords and consumer buy to let. We’ve also developed relationships with general insurers who’ve designed specialist landlords’ buildings and contents policies.
Five Financial Mortgages and Five Financial Wealth Management are authorised and regulated by the Financial Conduct Authority.
FCA no: 843588
T: 01202 282056
nick@fivefinancial.co.uk
Five Financial are an Appointed Representative of New Leaf Distribution Ltd FCA No: 460421
*Complex mortgages, adverse credit, Equity Release products may attract an arrangement fee.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON A MORTGAGE
OR ANY OTHER DEBT SECURED ON IT.
Five Financial are Appointed Representative of New Leaf Distribution Ltd
who are regulated by the Financial Conduct Authority FCA No 460421.
You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. All rights reserved.
Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price.
To understand the features and risks, ask for a personalised illustration.
You only continue to own your own home with a lifetime mortgage.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means tested benefits.