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Self Employed Mortgage Advice in York

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Discover the possibilities of Self Employed Mortgages!

 

Self-employed applicants can sometimes get the short straw when it comes to obtaining a mortgage, with lenders requiring you to provide more information than employed applicants.

 

With this in mind, it is essential that you take heed of self-employed mortgage advice from an experienced and knowledgeable company such as ours.

 

By speaking to a reputable Mortgage Advisor in York like Yorkmoneyman, we will provide you with invaluable advice, no matter what sort of business owner you are.

 

If you are looking to buy a new property or remortgage soon, we are here to assist. Because we have spent many years working with self-employed clients from a variety of backgrounds, all looking for us to secure the best deal for them, we have vast in-depth knowledge of lenders self-employed criteria.

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Popular Self Employed in York Scenarios

We work with all types of self-employed clients, all needing assistance with mortgages. Here are just a few of the scenarios that we are used to dealing with:

 

  • Purchase or remortgage deals for sole traders or limited company owners
  • There has been a recent change in your personal situation
  • You need advice on sole trader mortgages
  • You require contractor/freelancer mortgage advice
  • Multiple Income Streams

 

Traditionally, banks are not always very receptive when approached by their self-employed customers for mortgages. No matter how many years you have been banking with them or how much money you pay into your account on a regular basis, if their computerised lending criteria do not like your financial information, they will just say no.

 

We are used to dealing with complex mortgage situations.  All you have to do is get and touch with us and we will do the rest.

Why you should a Mortgage Broker in York?

Using a Mortgage Broker in York such as Yorkmoneyman.com can save you a great deal of time, money and effort.  From the first day that you make contact with us, we will work for you.

 

With in-depth knowledge of self-employed lending criteria, we will be sure to source you the best possible deal tailor-made to your circumstances.

 

We will be by your side from day one.  You can rely on us from the first point of contact to the day when you collect the keys from the estate agent and walk through the front door of your new home.

 

As far as we are concerned, customer service is not something that is taken for granted.  You will find our staff respectful, courteous, patient and attentive.  If you don’t understand something or need to have something explained in more detail, just ask.

 

Check out our feedback at Reviews.co.uk and see why so many people choose us when looking for a self-employed mortgage.

 

As your Mortgage Advisor in York, we are here to help you.  Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage
questions

As your Mortgage Broker in York, we will start with a Fact Find. During this stage of the process, we will get a better view of your personal and financial situation which will help us when selecting a mortgage deal.

You will then have a credit check performed on you, this step is essential in order to obtain an Agreement in Principle. Once you’ve handed us all of the relevent documentation and a valutation of the property has been completed, a formal mortgage offer can be offered.

Your initial mortgage consultation will take around an hour, afterwards, we will try and arrange an Agreement in Principle for you within 24-hours of your consultation. The final step is submitting your application and waiting for a formal mortgage – this can take about three weeks.

As a Mortgage Broker in York, we always recommend trying to have an Agreement in Principle in place prior to viewing properties. An Agreement in Principle could put you in a position that would let you negotiate prices.

Your free initial mortgage consultation will approximately last an hour. During the consultation, we will ask you some questions and get a bigger picture of your personal and financial mortgage situation.

After the consultation, your dedicated Mortgage Advisor in York will begin searching for mortgage products, trying to secure you one that’s more competitive than your current rate. Once we find a product for you, it’s up to you whether you want to take the offer or not. If so, we can get the ball rolling and start the mortgage application submission process.

Yes, you can obtain a second mortgage in some cases. Whether it’s for home improvements, debt consolidation, for a Buy to Let or a holiday home, you should know that our Mortgage Advisors in York can help you with this.

When making a deposit on a property, High Street lenders will usually ask for a minimum of a 5% deposit. If you’ve had previous credit problems you may be asked to provide a higher deposit.

You may find it slighter harder to get accepted for a mortgage with previous credit problems, however, it’s not impossible! The difference is that you may be asked to put down a higher deposit than usual, perhaps 10-15% of the property purchase price.

If you manage to submit at least one year’s accounts, you are able to get a mortgage. As a Mortgage Broker in York, we see that a lot of lenders use your salary plus dividend to work out the maximum mortgage amount that you would be able to borrow. We’ve also seen some lenders go off your net profit.

Here are all of the documents that you’ll need to support your mortgage application in York

  • Photographic ID (Driving license, Passport, etc.).
  • Proof of Address (Utility bills, tax bills, credit card statements, etc.).
  • Latest 3 months’ payslips & Latest P60 (employed applicants)
  • Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
  • 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.

Once you obtain an Agreement in Principle, it should last around 30-90 days. This will depend on the lender that you’ve used.

If your Agreement in Principle expires, you can easily renew it by contacting your Mortgage Broker in York or your lender.

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We make it so easy!
Our 4 step process

Step 1

A telephone call where we can take some initial details and find out about your plan of action to get to know your Self Employed situation a bit better.

Step 2

You can take some time out to browse potential properties in York.

Step 3

Make an offer on the property in York that you have your eye on – we’ll finalise your figures and help you get your best deal as a Self Employed applicant.

Step 4

Our Mortgage Advice in York and recommendations. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

Yorkmoneyman.com & Yorkmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited 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.

© 2021 Yorkmoneyman

Yorkmoneyman, York Hub, Popeshead Court Offices, Peter Lane, York, YO1 8SU.

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