- No Accounts Considered
- Multiple Income Streams
- Limited Track Record
- Residential and Buy to Let
- Repayment and Interest Only
- Guarantors Considered
Mortgages with No Accounts
At RockHopper we work with a number of clients who have asked us to arrange a mortgage even though they are self employed and have not yet produced their first year’s accounts.
Typically clients we assist in this situation are:
- Newly self employed contractors with previous industry experience
- New partners in an established partnership e.g. a GP practice
- New business owners for an established business
- Newly qualified professionals who have income derived from their training e.g. Barristers earnings during pupillage
We often find that clients who do not yet have their first set of accounts have faced a number of problems when approaching their Bank/Building Society to find a mortgage, such as:
- Their Bank/Building Society will not consider their income until they have at least 2 years accounts or, in some cases, 3 years accounts
- Their Bank/Building Society will not consider 100% of their income streams when assessing mortgage affordability (e.g. investment income, rental income, earned income, pension income, child benefit income etc)
We work with a number of lenders who are happy to consider applicants who do not yet have their first years accounts when assessing mortgage affordability. Some of these lenders are happy to consider all income streams in addition to the self employed income.
Clients approaching us to arrange a mortgage are often frustrated, that although their plans make sense, they have spoken to a number of lenders who will simply not consider a mortgage because they have do not yet have one years accounts.
At Rockhopper we understand that every case is different and that no clients are ever the same. That is why we apply a common sense approach to assessing whether we can assist.
If you would like to see whether we can help you raise a mortgage given your situation, do get in touch for a free no obligation quotation.