Lee Del Rosso is an Associate Dentist who works at a dental practice in Sheffield on a self-employed basis. He thought he’d have to wait a few more years before he could get a mortgage but fortunately, he was in for a pleasant surprise…
I became self-employed when I started my associate role in September 2019. Before that, I was a student. I decided to apply for a mortgage after looking at purchasing my first property with my partner. We found a property we liked within our budget and decided to put in an offer which was accepted.
I was really unsure about putting the offer in – I even explained to the vendor and estate agent about my self-employed status and that I was unsure if I would even get a mortgage. My only faint hope – which was why I decided to go ahead – was that my accountant offered to provide a financial projection to support my mortgage application as I didn’t have two years’ worth of self-assessment tax returns. My understanding was I might be able to get a mortgage, but I was fully expecting to have to wait a few years until I could provide better proof of my income.
Invaluable support
MB Associates was recommended to me by a friend who spoke very highly of the company. I cannot speak highly enough of the support I received from Phil at MBA. Phil confidently managed my expectations, set out an initial plan but also explained alternative options should they be required. I explained my concerns around my self-employment, and he reassured me that with the correct supporting documents, there shouldn’t be an issue finding a suitable lender. The whole process was explained to me in logical and understandable terms.
Having been self-employed for less than a year and also without a solid employment history while being a student, the fact I managed to get a mortgage was fantastic. It enabled me to buy my first home three years before I thought I would be eligible for a mortgage.
Self-employed stigma
When I have spoken to colleagues in a similar, self-employed position they are surprised that I managed to get a mortgage so soon. It demonstrates that there is clearly a stigma associated with being self-employed and being accepted for a mortgage, which is simply not true. I hope my case clearly demonstrates to others that self-employment is not as restrictive as they may have been led to believe.
MB Associates offered a very friendly and personal service and I would happily recommend them to any of my friends, family and colleagues.