ANNA Money and Freelancer Financials have partnered to make it easier for company directors and sole traders to get mortgages.
This comes after research found one in four freelancers in the UK struggled to get a mortgage and half of the self-employed had their application rejected.
John Yerou, managing director at Freelancer Financials, said: “Too many self-employed people are told they can’t afford the home their hard work deserves, when their business accounts tell a completely different story.
“I am delighted to partner with a respected fintech business like ANNA to change this narrative, as our expert broking team is perfectly placed to give specialist advice to company directors and sole traders.
“I’m also looking forward to developing specific tools for ANNA app users, so they have online access to the best deals to start their mortgage journey.”
The partnership gives ANNA account holders direct access to Freelancer Financials advisers, who work with over 30 lenders that understand self-employment.
For company directors, Freelancer Financials can show underwriters retained profits in the company, which could mean higher borrowing limits.
Sole traders with ANNA accounts may get access to mortgages with just one year’s trading history, as Freelancer Financials presents their income to lenders who are familiar with self-employment.
The ANNA app handles bookkeeping, tax and expense tracking, which are the documents lenders require.
ANNA account holders will also get a discount on the broking fee if their mortgage application completes.
Chris Thurgood, partnership manager at ANNA, said: “Our customers are savvy business owners who deserve mortgage and protection services from a provider that understands the reality of their incomes and, ultimately, their true worth.
“Freelancer Financials knows that one size does not fit all.
“They will provide a bespoke service to our account holders, not the tick-box treatment they would get from a call centre.”
