In Episode 45 of the Tea & Mortgage Podcast, John Coleman of JC Mortgages explains what self-employed buyers in Ireland need to know when applying for a mortgage.

Getting a mortgage when you’re self-employed can involve more paperwork and planning than it does for a PAYE employee, but with the right preparation, it can absolutely be done.

In this episode, we cover:

• How mortgage lenders assess self-employed income
• How many years of accounts you may need
• The difference between sole traders, limited company directors and umbrella companies
• How salary, net profit and retained profits may be assessed
• Why tax efficiency and mortgage efficiency are not always the same thing
• Why your mortgage broker and accountant should work together
• How lenders assess your ability to repay
• Why keeping business and personal finances separate is so important
• Common mistakes self-employed mortgage applicants make
• Why you should start planning before you find your dream home

John also explains why understanding your numbers early can make a major difference. If you know how much you want to borrow, you can work backwards and understand what your finances and accounts may need to look like before applying.

So, whether you’re a sole trader, contractor, freelancer, company director or business owner, this episode offers practical advice on preparing for a mortgage in Ireland.

If you’re considering buying a home in the next 6, 12 or 18 months, speaking to a mortgage adviser early can help you understand your options and build a clear roadmap towards mortgage approval.

John Coleman
JC Mortgages
☎️ 01-8102032
📲 086 3970039
📩 john@jcmortgages.ie
💻 www.jcmortgages.ie