Self Employed Mortgage Advice
SELF EMPLOYED MORTGAGE ADVICE IN YORK by Malcolm Davidson
– Experienced Mortgage Advisor in York & North Yorkshire –
I believe that self employed clients can get the short end of the stick when it comes to mortgage deals and without an experienced mortgage broker, like me on your side this may prove tricky.
Self Employed and want to chat about Mortgages…
or Got a COMPLICATED Situation…?
( Call / E-mail or Text me )
Self Employed Mortgage Advice for:
1. First Time Buyers
3. Home Movers
4. Change in Personal Situation
Almost all of the high street mortgage lenders use their in-house credit scoring policies when granting mortgages, these are based on that lenders own experience on previous mortgage repayment statistics and repossession information and individual cases that do not fit this tight criteria are not investigated further. This will save the bank or building society time and money.
In the past, it is possible that mortgage lenders have had more cases of arrears with self-employed applicants than employed ones but it is fair to say that employed applicants have to jump through far fewer “hoops” to get approved for a mortgage.
By using a specialist self employed mortgage broker like me with a minimum of 1 or 2 years accounts and a fairly good credit rating it may be possible to secure a mortgage deal.
Many high street banks have very strict criteria and must see increasing net profit with a minimum of 3 years accounts or some take an average over 3 years.
Lending criteria can vary greatly between mortgage lender for self employed mortgages and it is my job to be able to place your mortgage application with the most suitable lender – I aim to be right first time!
Having problems and Seeking Self Employed Mortgage Advice?
1. Bank wont lend enough
2. Failed banks criteria
3. Credit score
4. Fluctuating net profit
5. Pay structure
6. Personal situation
Whether you are the owner of your own limited company, a sole trader, a partner and receive a salary, dividends or a mixture of the two and are looking for my mortgage advice then I will be able to help.
Please contact me for a FREE consultation to discuss Self Employed Mortgage Advice in more detail…
Self Employed Mortgage Advice in York & North Yorkshire by Malcolm Davidson,
Mortgage Broker at Yorkmoneyman.com
( Call / E-mail or Text me)