Mortgages for mechanics
Mortgages for mechanics
Mechanics might be employed at a garage, run their own workshop or work on a mobile basis. Tony helps mechanics across Scotland compare mortgage options from over 100 lenders.
Talk to TonyAt a glance
- Advice for mechanics across Scotland
- Access to 100+ lenders and around 28,000 deals
- Rated 5.0 from 235+ Google reviews
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
How Tony can help mechanics
Trades income can look different on paper. Tony helps you present it clearly to lenders.
What lenders may look at
- Employed tradespeople are usually assessed on payslips, with some lenders counting regular overtime.
- Self-employed tradespeople are usually asked for two to three years of accounts or tax calculations.
- Subcontractors may be asked for CIS statements and tax returns.
- Seasonal gaps and quieter months are easier to explain if your records are clear.
Meet your adviser
Hi, I'm Tony Flynn
I'm a mortgage and protection adviser based in Carluke, helping people across Lanarkshire and Scotland.
I've spent 15+ years in finance and have been named Mortgage Professional of the Year at the Prestige Awards Scotland five years in a row. I'll explain your options in plain English so you know exactly where you stand.
mechanics mortgage questions
Can a mechanic who owns a garage get a mortgage?
Yes. Lenders usually ask for accounts or tax calculations, and some look at net profit. Tony can search for the lenders that suit your business.
Do lenders count bonuses and overtime?
Some lenders include a proportion of regular bonuses and overtime where you can show a history on your payslips.
How many years of accounts do I need as a self-employed tradesperson?
Many lenders ask for two to three years of accounts or tax calculations, although some may consider one year in the right circumstances. Tony can advise on your situation.
Do you charge a fee for mortgage advice?
There may be a fee for mortgage advice. The amount depends on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. We will explain this before you commit.
Can you help with protection as well as a mortgage?
Yes. Tony can also advise on life insurance, critical illness cover and income protection alongside your mortgage.
Related pages
More advice for people in similar situations.
Ready to talk it through?
A quick chat with Tony is a good first step. No jargon, no pressure.
Talk to Tony