Self Employed Mortgage Advice

Mortgage Advice for Self Employed Buyers | Self Employed Mortgages in Middlesbrough

It’s not impossible to be Self-Employed and also have a mortgage

It’s not easy getting a mortgage when you are self-employed – regardless of what industry you happen to be in and how much money you make on an annual basis. That’s because traditional high street lenders ie banks and building societies can sometimes make self-employed applicants jump through more hoops in terms of proving their income.

Today’s working patterns are very different. In fact, there were 4.8 million people ‘working for themselves’ in 2017, compared to 3.3 million in 2001. That’s a jump of 1.5 million people – a huge number of potential customers in any one’s book.

The fact that self-employed individuals have to provide more evidence of their income to prove they can afford mortgage repayments has resulted in many people contacting out specialist Mortgage Advisors in Middlesbrough for help and advice.

Rest-assured we don’t work with any estate agency or particular lender so are at liberty to search thousands of mortgage deals. But better still we will sit down with you and listen to your circumstances. We’ll then match you with the best lender we can find – one who fits your specific situation.

As a Mortgage Broker in Middlesbrough, we have expert knowledge of self-employed lending criteria. As a result, we aim to get it right first time and find you the best product tailor-made for your circumstances

Why you may require a Self-Employed Mortgage:

  • You have your own limited company or are self-employed as a freelancer in a particular industry. Then again, you may be a contract worker.
  • You’ve been told your credit rating isn’t what it should be.
  • You’ve only been in business for two years so can’t produce the standard ‘three years of income and expenditure accounts’.
  • Your business is a limited company and you take some of your profit in the form of dividends.
  • What you’d really like is someone to hold your hand throughout this complex process of trying to get a self-employed mortgage.

Different types of Self-Employed Mortgages are available

Although your options may be limited to certain lenders, the types of Mortgages which are available are still quite wide and varied. Even if your self-employed and looking for a landlord buy to let mortgage we may be able to help with our Mortgage Advice in Middlesbrough team. Whatever your situation, we don’t just give up with our clients, we bet you’ll be glad you came to us.

Improve your chances of getting a Self-Employed Mortgage

Apart from consulting a self-employed mortgage broker like ourselves, there are other ways you can ensure you stand a good chance of being successful in obtaining finance. One of the ways is to come directly to a broker for self-employed mortgage advice.

That’s because we have in-depth knowledge of the different lender’s self-employed mortgage criteria, and aim to get you with the right lender first.

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Middlesbroughmoneyman Open & Honest Mortgage Advice in Middlesbrough & Middlesbroughmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

Middlesbroughmoneyman – Commerce House,
1 Exchange Square, Middlesbrough, TS1 1DE

The Financial Conduct Authority does not regulate most buy to let mortgages.

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