A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as.. It is advisable to maintain the same employment and not to use or open new.
· Proving your income. But Adrian Anderson, director of mortgage broker anderson Harris, says self-employed borrowers often find themselves in a quandary regarding tax. “Accountants will try to minimise the amount of tax the self-employed pay. This is good for keeping down the individual’s tax bill, but not good for mortgage purposes,” he adds.