Self Employed Mortgage Advice in Middlesbrough

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Discover the possibilities of Self Employed Mortgages!

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.

If you need to speak with a mortgage advisor in Middlesbrough about your self employed mortgage situation, book a free mortgage appointment and we can talk you through your options.

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Self Employed Mortgage Advice in Middlesbrough

Self Employed Mortgages in Middlesbrough

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.

We are able 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.

Here at Middlesbroughmoneyman, we provde knowledable mortgage advice 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

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Self Employed Mortgages FAQ's

How many years do you have to be self employed in Middlesbrough to be able to get a mortgage?

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We tend to find, you need to have been self employed in Middlesbrough for at least two years, as most lenders will wish to see proof of that time frame.

In some cases, you may come across mortgage lenders who only need to see one year from you.

Do applicants of a self employed mortgage in Middlesbrough have to pay higher rates?

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Applicants for self employed mortgages in Middlesbrough will find that they have access to exactly the same mortgage rates as any other employed applicant. The only thing that changes during your mortgage process is how a mortgage lender will assess your income. Outside of that, everyone has the same opportunity.

What qualifies as being self employed in Middlesbrough?

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You will be classed as self employed in Middlesbrough by a mortgage lender if you own either 20-25% or more of a business.

Why is it hard to get a self employed mortgage in Middlesbrough?

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Though many may have the initial perception that self employed mortgage applicants are at a disadvantage, there are actually no specific requirements needed or additional barriers to prevent you from applying for a self employed mortgage in Middlesbrough.

The part that is typically difficult for this type of mortgage applicant, is being able to accurately evidence your income and prove you have a reliable enough and strong enough income. Mortgage lenders will only count any taxable income you have.

I'm self employed in Middlesbrough, how can a mortgage broker help?

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Unfortunately, as a self employed mortgage applicant, it can often be a struggle to get a mortgage. This is where a mortgage broker in Middlesbrough can be beneficial.

We have helped many different customers with their self employed mortgage in Middlesbrough, even when they thought all of the odds were against them.

Now is your chance for us to help you secure a mortgage as an applicant who is self employed in Middlesbrough.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

Discuss your current situation and your mortgage goals with a dedicated mortgage advisor in Middlesbrough.

During this appointment, your advisor will look at your tax year overview and tax calculations to work out your affordability.

We Can Search 1000s of Mortgage Deals

Step 2

Our team will search through 1000s of mortgage products to find the best deal for your circumstances.

We will then find you a mortgage agreement in principle to help you in backing up any offers you would like to make.

Submit Your Mortgage Application

Step 3

Once your purchase offer has been accepted, your mortgage advisor in Middlesbrough will submit your full mortgage application and evidential documents to your lender.

Throughout your process, a dedicated case manager will keep you updated through until you receive your formal mortgage offer and your purchase is completed.

Protecting You and Your Mortgage

Step 4

Our service doesn't just stop here. We won't just secure you the best mortgage deal, we will also recommend relevant insurances to keep you protected.

We will also contact you towards your mortgage renewal date, to make sure that you are always on the best deal.

Reasons to Choose us

Free Mortgage Appointment

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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 in Middlesbrough.

1000s of Deals

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

Our Service

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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.

7 days a Week

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

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

Malcolm and Amy Davidson - Mortgage Advice in Middlesbrough

We Search 1000s of Self Employed Mortgages in Middlesbrough

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Common Self Employed Mortgage Scenarios

What are the common self employed scenarios in Middlesbrough?

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Do 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.

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.

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

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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