How Do I Remortgage Now That I Am Self-Employed?

Important to know

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Do not be afraid!

If you’re wondering how to remortgage now that you’re self-employed, don’t fret–it’s not a major issue. I have helped many clients make this transition successfully. The key thing to remember when trying to remortgage is that your ability to do so can be affected by different factors.

Remortgaging can be for home improvement, consolidating debt or just to get a better interest rate. Maybe you’re currently paying the lender’s standard variable. When we look at remortgaging for our existing clients or anybody else, there are two things that we want to do.


What is your plan?

We want to determine if you need to change the terms of your mortgage. For example, do you want to make any home improvements? Do you want to raise any more money? If you want to make a significant change to your current mortgage, it will fall under the new criteria of affordability. We will reassess your income, expenditure, bank statements and credit report in order to find ways to save you money. This is similar to the process you went through when first buying the property. If you’re satisfied with things as they are and just want a lower interest rate, we can do what’s called a “rate switch” or “product transfer.”

Find the best interest rate available to you for your needs!

By switching interest rates, you can potentially save or gain more money. However, we still have to assess your affordability to ensure that this is the best option for you. If you’re paying too much on your mortgage and want to explore options with better interest rates, please reach out to us. We would be more than happy to discuss the available options with you and make sure that you end up with the best possible interest rate based on your circumstances and the products available to you.

Please remember that a mortgage is a loan secured against your home. Your home may be repossessed if you do not maintain repayments on your mortgage or any other load secured against it. You may have to pay an early repayment charge to your existing lender when you remortgage.

If you need help, we’re here for you:

Please visit our website:

for more details please contact us at 0208 154 111

By avoiding these mistakes, you will increase your chances of mortgage success, obtaining your dream home or reducing monthly payments.

Luca Bertolino

Mortgage Expert

Your Mortgage Experts is led by Luca Bertolino with 20 years experience in financial services and in the property market. Through Luca’s wealth of knowledge and expertise, Your Mortgage Experts have become a trusted adviser that clients have come to rely upon for all their mortgage and protection needs.

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