At TMS we offer advice and have access to our panel of lenders who can help in a number of situations which may be faced by somebody who is self employed.

These include:

• Lending against your most recent year’s income, rather than an average of the last two or three years – often a situation where the business has just become established and the latest year has increased
• Lending against your company net profit – rather than just salary and dividends to reach a potentially more positive lending amount
• Consideration of your daily rate if you’re a contractor.

Lenders will need to see specific documentation if you’re self-employed depending on your circumstances. One of our advisors can help prepare the required documents and help you provide the lender with the evidence they require.