Self Employed Finance

Finance for a range of needs as unique as your business.

Securing finance as a self-employed individual can come with its own set of challenges and considerations. From the beautiful coastal town of Raglan, I offer support to self-employed clients across New Zealand, helping them navigate the path to obtaining suitable finance.

For the self-employed, traditional proof of income documents such as payslips aren’t typically available, which means lenders will often require alternative forms of evidence to demonstrate income and financial stability. Here’s an overview of self-employed finance and what you might need to consider:

Some features and requirements you will need to be aware of:

Income Verification

Lenders will usually want to see at least two years of financial statements, including profit and loss accounts and balance sheets, prepared by a chartered accountant. These documents help to establish a track record of income.

Tax Returns & Records

Your personal and business tax returns may also be required to confirm the income declared in your financial statements.

Bank Statements

Recent bank statements for both your personal and business accounts can provide further insight into your financial management and cash flow.

Alternative Loans

Also known as ‘low doc’ loans, these are designed for borrowers who may not have the full spectrum of traditional documentation available. They might require a signed declaration of income or an accountant’s letter instead.

Larger Depsits

Self-employed applicants might sometimes need to provide a larger deposit to offset the perceived increased risk from irregular income patterns.

Credit History

A clean credit record can help in demonstrating your reliability as a borrower.

Business Plan

Especially for newer businesses, a well thought out business plan can show lenders that you have a clear direction and strategy for future income generation.

Get Started.

As a Mortgage Adviser, I understand that self-employed individuals require a tailored approach when it comes to finance. I am here to offer guidance on the types of documents you will need and the best ways to present your financial situation to lenders. I can help you prepare your application to reflect your true financial position effectively, aiming to increase the likelihood of a successful outcome.

Whether you’re looking to secure a mortgage, business loan, or personal finance, my goal is to streamline the process for you, ensuring that you have access to the finance options that fit your unique circumstances. With comprehensive support and clear communication, I’m dedicated to helping self-employed clients like you achieve your financial goals.

Navigating self-employed finance doesn’t have to be an overwhelming process. With the right advice and preparation, we can work together to find a finance solution that recognises the value and potential of your business endeavours. Let’s take the next step in securing your financial future.

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