SELF-EMPLOYED AND
SPECIALIST LENDING

REDUCE YOUR TO DO LIST TODAY.

USE A MORTGAGE BROKER TO SECURE YOUR SELF EMPLOYED HOME LOAN.

Self-employed professional discussing mortgage options

Best Self-Employed Mortgage Specialist

Have you ever faced challenges getting a mortgage as a self-employed borrower? If yes, then you must know how difficult it can be. Traditional lenders often have stringent requirements for self-employed individuals, making it challenging to secure a mortgage. But don’t worry — Oliver Broomfield is here as your best self-employed mortgage specialist.

With our expertise and experience, we help you navigate the complex mortgage process and secure a loan that suits your needs. Whether you’re a freelancer, contractor, or business owner, we have the knowledge and resources to find the best lending options. Contact us now to get started on your journey to homeownership.

Specialist lending advisor assisting self-employed client

Lending for Self-Employed Borrowers

Many Kiwis enjoy the freedom that comes with self-employment. Still, because business cash flow can fluctuate, traditional lenders often hesitate to lend to self-employed borrowers. As a result, many self-employed individuals have to settle for high interest rates or restrictive loan terms.

At Oliver Broomfield, we don’t shy away from helping self-employed borrowers. We have strong relationships with different lenders and can negotiate favourable terms for your mortgage. We understand the financial challenges self-employed individuals face and work with you to find the best lending options.

Our services include:

  • Analysing your financial statements to understand your income more clearly. 
  • Connecting you with lenders offering products tailored for self-employed individuals.  
  • Assisting you in optimising your loan structure to ensure maximum benefits. 
  • Providing expert advice on improving your credit profile for better rates and conditions. 

Contact us now to get the best self-employed mortgage solution so you can focus on growing your business and achieving your goals.

Part of my service offering is to walk you through the complete process and keep things on track. I will ensure you go through all these steps on time and with the right documents in tow. Here you can get an idea of the lending process and my service to you.

Meeting and Chat

Self-employed people are some of the trickiest to secure lending for. It’s important that we spend the time, so I can understand your business and the financials around it, so we can best present your application to the lenders.

Self-Employed Application Success

The documentation for business owners can be lengthy, but it is crucial for successful applications. We will work together to prepare the documentation based on each lender’s specific lending criteria.

Summary and Action Steps

To keep your mind clear and free for other things, I will send you a summary of our initial meeting that you can refer to whenever you need. I will also include a full list of the action steps we need to take to prepare for the next steps of the lending process.

Top 5 Important Characteristics for Lenders

Entrepreneurs typically have the toughest time meeting the requirements for a lenders risk assessment. I know the characteristics and how to best highlight these to the lenders. In cases where your situation may still not meet these characteristics, we will create an action plan to make improvements before submitting an application.

Indicative Financial Assessment

Along with the summary I will do a very detailed indicative financial assessment. This means I will calculate your costs and expenses to compare your income to the expenses you would have in a new home with a mortgage. This serves as a starting point to determine what we can achieve through a mortgage.

Total Cost of Home Ownership

To ensure you are fully prepared for the costs of homeownership, I provide indicative costs for your new home including, mortgage fees, insurance, rates, legal fees, valuation costs, and much more.

Self-Employed Buyers Checklist

There’s many documents to put together and strict timelines once the mortgage process gets underway. This checklist helps keeps us on track and ensures no documents are missed in the process.

Options for Deposits

Self-employed borrowers do have several resources they can look to, to raise their deposit. We will explore every avenue available to ensure you have a healthy deposit to start your mortgage.

This is a quick overview of securing a mortgage to give you an idea of the process. When you work with me, I will take you through this process to ensure you find the best lender and self employed mortgage available to you. If you are ready to get started or want to ask a few more questions, please don’t hesitate to contact me.

Lending Options for Self-Employed Borrowers

As your mortgage broker, Oliver Broomfield helps you find the best lending options for self-employed borrowers. If you are unable to meet the assessment criteria for a full-document loan, we offer the following options:

Is it a Good time to buy property?

Low-Doc Loans

Low-doc loans are a great option for self-employed individuals without the necessary financial documents to secure a traditional mortgage. With this type of loan, you can provide alternative forms of income documentation, such as bank statements or business accounts, to demonstrate your ability to repay the loan.

Buyers Market

Alt-doc loans

Alternative documentation loans, or alt-doc loans, offer flexibility for self-employed borrowers. Instead of traditional documents, you can use alternative forms of income verification, such as GST returns from the past two years or a letter from your accountant. These types of loans are ideal for those with irregular income streams looking to secure a home loan.

Non-conforming Loans

If you have a poor credit history or cannot meet traditional lender requirements, non-conforming loans may be an option. These loans are designed specifically for self-employed individuals however often come with higher interest rates and stricter terms.

Self-Employed Mortgage Process

A key aspect of our services is guiding you through the entire process to ensure everything stays on track. We ensure that you complete each step on time with all the right documents. Here’s a quick overview of the lending process and how we assist you:

Initial Consultation

Securing loans for self-employed individuals can be tricky. Our team of expert mortgage advisors takes the time to chat so we can better understand your business and finances. This enables us to assemble the best possible application for the lenders.

Gathering Documents

As part of your initial consultation, we will create a list of documents that you need to provide. These will usually include tax returns, financial statements, bank statements, and more.

Detailed Financial Assessment

At Oliver Broomfield, we provide a detailed financial assessment alongside the summary. We also compare your income with the potential costs of homeownership to help determine what’s possible with your mortgage options.

First home buyer receiving home loan advice

Total Homeownership Cost

To help you prepare for the costs of owning a home, we will share estimates for mortgage repayments, insurance, rates, legal fees, valuation costs, and more. This ensures you have a clear understanding of what to expect.

Self-Employed Buyers Checklist

Before submitting your application, we will review all the details of your finances to ensure everything is in order. This includes ensuring that all income & expenses have been included and explained clearly to the lender, outlining what the deposit requirements are for the type of property you wish to purchase, and what the required borrowing and property ownership structures are likely to be.

Deposit Options

While having a significant deposit is beneficial for any mortgage application, it can be challenging for self-employed borrowers to save due to fluctuating income. We offer solutions such as using equity in an existing property or gifts from family members to help with your deposit.

Secure Your Self-Employed Mortgage Now

At Oliver Broomfield, we understand that self-employed business owners have a lot on their plates. Our services save you time and help you meet tight purchasing deadlines.  We mostly receive a commission from the bank once your mortgage is secured. For more complex situations the lender will charge a fee which can often be added onto the mortgage. These fees will be discussed and agreed upfront. Why not reach out now and let us get your self-employed mortgage sorted?

    Testimonials

    • Oliver was unbelievable in helping us buy our first home. He was there every step of the way and was on hand to answer any questions we had. I don’t think we would have gotten our home without his help. Really nice to work with, highly recommend him.

      Shane Chambers Avatar Shane Chambers
      31/08/2023
    • Extremely good Mortgage Broker, would recommend to anyone. He was very helpful in getting us our first home, and guiding us through the mortgage process. Highly professional and a pleasure to work with.

      Liam Burke-Barton Avatar Liam Burke-Barton
      13/12/2022
    • Oliver provides concise mortgage advice enabling you to make informed decisions during the process. I have used Oliver's services several times over the years and each time been happy with the outcome.

      Patrick Long Avatar Patrick Long
      19/12/2021
    • Oliver is amazing he made the whole process of buying and selling super easy and hassle free. Would highly recommend

      Lisa Johnson Avatar Lisa Johnson
      30/10/2022
    • Oliver was excellent in helping us purchase our very first home. Oliver is very approachable, has great knowledge and very welcoming. Oliver was great at answering our questions and making sure he was available to us if we needed to ask anything. I would highly recommend Oliver if you are in Auckland.

      cassandra louise Jobin Avatar cassandra louise
      02/07/2021
    • Me and my wife Rebecca had the opportunity to work closely with Oliver when purchasing our first property. We had already done some research and Oliver came highly recommended to us. Straight from the outset Oliver put us at ease! something which was so important as we started our process of being first time homeowners!. Throughout the course of the coming weeks and months Oliver was always on hand to guide us in the process and we felt completely assured step by step. Oliver was highly knowledgeable, experienced and professional and we can't thank him enough for all his guidance! he was outstanding and any question or concern we may have had he quickly put us at ease. We would highly recommended Oliver for any mortgage and insurances queries.

      Jess Ibrom Avatar Jess Ibrom
      02/03/2021
    • We found Oliver to be very approachable when assisting us with our home loan enquires. Oliver gave us an explanation around all the options we had available and we did not feel pressured into having to take any specific options which can sometimes be the case. We even had some documents hand delivered for signing at our residence as we could not get to the offices at that very moment. Thank you Oliver.

      J C Avatar J C
      01/11/2022
    • Oliver is an incredibly proficient and easy to deal with mortgage broker. Oliver makes what can be a stressful process, easy and straightforward. We have used Oliver for both residential and commercial borrowing for over 12 years and wouldn't hesitate to recommend him.

      Cherie Mobberley Avatar Cherie Mobberley
      14/03/2024
    • Anyone who asks for help with Mortgages, I happily give Oliver's name! I am so very grateful for his help last year getting some stability with our home. He was extremely professional and very patient helping me with anything I was not sure on during the process. I highly recommend Oliver. Oliver thankyou so so much for all your fabulous work helping me and the kids secure our future! aka V Evans

      ness L Avatar ness L
      03/09/2020
    • Oliver brought our dream to reality. He is amazing.

      Iran Lover Avatar Iran Lover
      07/11/2021