Can I Find A Buy To Let Self Employed Mortgage?

August 8, 2008

Can I Find A Buy To Let Self Employed Mortgage?

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If you are self employed you are a borrowing conundrum. Lenders do not want to lend to you even if you are bringing in £1 million a month because you cannot prove your income. As someone who works for himself or herself, you do not have a monthly PAYE, so in the eyes of a mortgage lender you are a risky customer. But what if you want to invest some of that hard-earned money in another property – is it possible to get hold of a buy to let self employed mortgage? What will it take to convince a lender that you are good for not only your own mortgage but a second one to boot? Will it cost more? How can you get a buy to let self employed mortgage?

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