Building society happy to dispel self-employed mortgage seeker woes

A long-established building society is reaffirming its support for self-employed workers by allaying concerns that their employment status makes it harder to apply for a mortgage with the organisation.

esbs, also known as Earl Shilton Building Society, offers a range of products that aim to make the process of getting a mortgage to buy a property, or to refinance an existing mortgage, considerably more straightforward.

However, a recent survey of 2,002 self-employed homeowners and people looking to buy conducted by Atomik Research found that 70% of those who participated felt that their employment status made it harder to get a mortgage.

With esbs, applicants will ideally have at least two years of accounts to show evidence of their earnings, though if the business has been established more recently than that, the Society still aims to find a way to ensure that the individual has the same opportunities that are available to anyone else.

The team of skilled mortgage advisers works closely with members throughout the entire process, and are able to consider even the most complex of incomes, while offering self-employed customers the option to put more into their mortgage when times are good in order to get it paid off more swiftly.

Paul Tilley, Chief Executive of esbs, said: “At esbs, we understand that running your own business can present its own set of challenges, which is why we want to remove the challenge from getting a mortgage.

“So regardless of whether you’re a contractor, sole trader, partner or shareholding director of a limited company, get in touch with us today to learn more about the mortgage opportunities that are available to you with esbs.”

To apply for a mortgage you must be aged 18 or over. All applications will be subject to valuation, status and the Society’s Mortgage Conditions. We offer an advised sales process where we ask questions regarding your mortgage requirements/needs and your income and expenditure to ensure that we recommend the most suitable product for you. We will accept applications from applicants purchasing or remortgaging in England or Wales. For further information, or for a European Standardised Information Sheet (ESIS), please call on 01455 844422 and speak to one of our mortgage advisers, visit one of our branches or email mortgage@esbs.co.uk

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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