Are you self-employed and wanting to raise capital?

In these difficult times raising funds to support your business can be a daunting process.

It has always been more difficult for self-employed people to get a mortgage compared to salaried employees.

At the heart of the issue is a tendency among self-employed individuals to not be able to satisfy loan officers looking to placate their own fears that the borrower will not be able to make good on his or her loan. The good news is that things are changing – at least where second charge loans are concerned.

A recently conducted survey among self-employed borrowers to gauge their view on second charge lending shows the following. 80% of respondents confirmed that second charge loans are now competitive enough to make them worthwhile considering.

The survey tells us something important. It tells us that consumer perceptions of second charge loans are improving among self-employed people. That is no accident. If perceptions are improving, it’s because people looking to borrow are getting better products, better rates, and better service.

Choosing a loan

This is no easy task as there are so many different options open to the majority of applicants. Be sure you know how much you feel comfortable in repaying each month and seek professional independent advice as to the best loan to suit your needs.

We have fully qualified independent advisers waiting who can assist you so please do get in contact.