Self Employed Fixed Rate Mortgage

Self employed Mortgage Deals

If you are self-employed and looking for the best fixed rate mortgages, use the table below and call lenders direct to see some of the latest deals and find out if there's one that matches your requirements. Being self-employed and the challenges of proving income can make it difficult to find a competitive mortgage deal, so make sure you compare a range of options. 

As a self employed person looking for a mortgage, a fixed rate deal will be one of the many options you can consider. Fixed rate mortgages for the self employed have always been popular due to the fact that borrowers are protected from interest rate rises and that these mortgage deals are much more conducive to long term financial planning.

You may have an inconsistent or unreliable income and as such, a fixed rate mortgage deal could provide the financial security you have been looking for and the opportunity to budget and control your own finances. 

The tables below feature a range of the latest mortgage deals currently available from leading providers. Call them direct to talk to a mortgage specialist.

The product comparison tables on this page contain a number of fixed rate mortgage deals that self employed buyers may be interested in.

Self Cert Mortgages are harder to come by
Self certification mortgage deals are no longer prevalent as they once were because of recent financial developments.

Lenders are reluctant to arrange mortgages for people who cannot prove their income and it is therefore necessary to provide evidence of your financial income and outgoings, in order to assure your lender that you will be able to make your monthly payments.

Method of Payment:

• Repayment

This method of repayment requires that you pay the monthly interest owed in addition to a pre-arranged monthly amount of loan repayment. It is guaranteed that you pay off your mortgage in the term set by your lender, as long as you keep up with your monthly payments.

• Interest Only

This method of repayment requires that you make monthly payments consisting of the interest you owe and make separate payments into an account like an ISA to cover the overall cost of your mortgage at the end of the term set by your lender. There is no guarantee that you will repay your mortgage loan by the end of the interest rate deal, so you may have to pay higher rates of interest or pay additional fees to remortgage you property.

With these important considerations in mind you should take a look at the mortgage deal tables on this page and pick out the offer that is right for you and your current needs.