Mortgages for Uber Drivers

Mortgages for Uber Drivers

Mortgages for Uber Drivers

Applying for a mortgage as an uber driver doesn’t need to be overcomplicated. As with any self-employed and sole trader, the process is still the same when it comes to proof of income.

As long as you can provide evidence of your income, there really is no need to worry. St. Barts Finance can offer expert financial advice if you’re an uber driver looking to apply for a mortgage. Even if this is your only occupation or a second job, you are still eligible for a mortgage.

You may be aware of some high street lenders being unable to accommodate self-employment, such as uber drivers, but this needn’t put you off applying.

The least you can do is speak to a mortgage advisor about what options are available to you. There are more than enough lenders who specialise in self-employment and even when it comes to both taxi drivers and Uber. These lenders can put your mind at ease and be able to accommodate any specific needs under their terms.

The biggest must when applying for a self-employed salary is to ensure you can provide evidence. You will be required to provide 3 years’ worth of accounts, to show your income has been stable or near enough during this period. However, this isn’t always necessary, depending on the provider.

In today’s society, there are a lot more self-employed, freelance and contract workers, so mortgage lenders have had to adapt to these changes, which is great news if you’re an uber driver.

This means that numerous lenders will have a mortgage perfect for your personal circumstances. But as stated previously, always ensure your finances are organised and present. You will be required to show any business accounts, if available, an SA302 year-end tax calculation, provide a credit score check and of course, proof of regular and stable income.

If you can provide these as a bare minimum then there really isn’t any barrier to why you shouldn’t be accepted for a mortgage. When dealing with applying for a mortgage, it is always best to speak with a financial advisor about your financial situation, especially if you’re self-employed.

St. Barts Finance can offer you this level of knowledge and support, so when the time is right, you can apply for a mortgage with confidence.

Your home may be repossessed if you do not keep up repayments on your mortgage.