Mortgages for business analysts
If you work in a specialist profession, you may have struggles to secure the ideal mortgage, be it as a first-time buyer or someone looking to remortgage their current property. Mainstream lenders will often view you as high risk, regardless of your actual income and affordability, and won't take into account the unique income structure of business analyst roles.
This is where Cleerly can help. As a specialist contractor mortgage broker, we partner exclusively with lenders who offer bespoke underwriting for both self-employed and employed business analysts, factoring in earnings from contracts, varying monthly income and the nature of your business analyst services.
For the past 15 years, we have worked with contracting professionals from all walks of life, building up an extensive understanding of the challenges they face when applying for a mortgage. With our experience and knowledge, Cleerly is able to help business analysts secure their dream property, find a more competitive rate or simply borrow some additional funds to consolidate debts or pay for home improvements.
Getting in touch with our business analyst mortgage specialists is simple. Give the team a call on 02394 212912 to get the ball rolling. You can also compare potential mortgage deals using our online mortgage calculator.
Introduction
What is a contractor business analyst mortgage?
Contractor business analyst mortgages are designed for analyst professionals who work on a contract basis. Unlike a conventional high street mortgage, which are typically offered to those with a straightforward, steady income and accompanying monthly pay slips, a business analyst mortgage takes into account the nature of your work and your potential earnings, however complex.
Eligibility
How to get a business analyst mortgage
When applying for a contractor mortgage, you will need to meet specific criteria set by the lender and provide evidence to prove your income and affordability. This is where a specialist business analyst mortgage broker can help. At Cleerly, we partner with a wide range of lenders who evaluate each contracting professional's financial circumstances based on their daily rate and potential future earnings.
To be considered for a mortgage, business analysts will typically need to provide the following documentation:
- Current signed contract
- Up to date CV
- Business bank statements (if Ltd)
- Personal bank statements
- Umbrella payslips
Additional evidence may be required, including:
- Limited company accounts
- Details of any gaps between contracts
- Evidence of future contracts or pipeline of work
Your dedicated Cleerly client services manager will help you collate the required documents and present your application in the most advantageous light to increase your chances of lender acceptance.They will also liaise with the lender throughout the process, ensuring you stay informed about your application's progress at every stage.
First-time buyers
First-time buyer mortgages for business analysts
Applying for a mortgage can be a daunting prospect for a first-time buyer, particularly those working in contractor professions. Cleerly understands this, and our aim is to support you through the application process from start to finish, offering straightforward, jargon-free advice.
Our specialist contractor mortgage consultants will explore different options with you, providing guidance on how to secure your mortgage with a deposit as low as 5% and potentially borrow up to five times your income.
Trusted lenders we work with
