If you operate a business as a sole proprietor, partner in a partnership, independent contractor, or consultant, you are considered to be self-employed.
Your ability to obtain a loan and the rate you are offered hinges on whether you have certified accounts or no proof of income. Another factor is whether you go for a secured or unsecured self-employed loan, whether you offer your house as security on the loan or not.
Self-employed loans used to be difficult to find and expensive. However, with more people working for themselves, self employed loans are more widely available and more affordable.
If a secured self-employed loan seems attractive The Home Loan Shop can help you select the loan that suits your individual circumstances. Our experienced and considerate team of loan specialists will work on your behalf to ensure that the self-employed loan we recommend will fit as closely as possible to your requirements.
