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Someone who is self-employed will often find it tough to get accepted for a mortgage during normal times, but in the current economic climate with mortgage providers becoming more cautious about lending, some may be wondering whether to even try in the first place. While many who are self-employed may find it challenging to get a mortgage at the moment, lenders are still accepting applications from those who are self-employed. As such, those who are looking to move or buy their first home who are self-employed should still go ahead with their mortgage application.

To help make the process easier, we’ve looked at how to get a mortgage as a self-employed person.

Homeowners looking to remortgage can now get a fixed rate deal offering a rate lower than 1%. As well as this, across all the mortgage charts rates continue to be highly competitive, with all the lowest rates currently available in the charts highlighted below.

When looking for a new mortgage deal, borrowers should keep in mind that the lowest rate may not be the best deal for them. Instead, borrowers should consider all aspects of the deal, including product fees and incentives, to ensure that they choose the right deal for their individual financial situation and requirements. Borrowers who are unsure of which deal is best for them should speak to a broker who will be able to provide help and advice on choosing the best deal.

Savers looking for the top rates will be pleased to see that new, higher rates, are now topping some of the charts. The notice account chart has particularly seen a number of new rates, with a new rate topping the chart overall. Savers looking to open these accounts are urged to act quickly as many providers are finding that their top-rate accounts are quickly reaching maximum funding levels resulting in them having to withdraw or reduce the rates being offered.

Although there has been little change at the top of the ISA charts this week, savers will note that a new, slightly higher rate is now available at the top of the one year fixed ISA chart. As well as this, competition within the easy access ISA chart has increased this week, with two providers now offering the second-best rate of 0.41% AER.

Savers should note that the rates below are the best rates available at 12pm on Thursday 13 May 2021 and, although correct at the time of publishing, providers may reduce or withdraw rates at any time. As well as this, the rates highlighted are only those available to new customers, and as such there may be higher rates on ISAs available to existing customers only – to compare these ISAs, visit our ISA charts and, using the refine button, filter the results to show ISAs only available to existing customers.