Self employed individuals typically do not have adequate income to qualify for a mortgage. Banks only look at your personal net income, This is why lenders have stringent requirements and harder application procedures for self employed mortgages in Surrey.
Yes. With the right approach and adequate income, it is possible for a self employed individual to qualify for a mortgage, even with only one year of financials.
Working with a mortgage broker will increase your chances of getting approved. If you are facing difficulties, or cannot find the right lender for you, consider working with a mortgage broker to get your Surrey self employed mortgage.