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

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?

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?

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?

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.

Self Employed Mortgage Advice in Middlesbrough

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 initial mortgage appointment and we can talk you through your options.

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 most suitable 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 most suitable product tailor-made for your circumstances

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

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.

Speak to an Advisor

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

Self Employed Mortgages FAQ's

Our Customers Love Us

5.00 Rating13 Reviews

Thuthu

Thanks so much for your great job and excellent service thanks so much your team has been amazing 😻 Regards Thuthu and Christian

4 months ago

Thuthu

Thanks so much for your great advice and your excellent service 😃😃

4 months ago

Anonymous

I am very happy with Middlesbroughmoneyman helped me understand and explain everything with no problem at all

8 months ago

Mr Jamie

I would highly recommend this company. They’ve been a massive help. With the mortgage process talking through step-by-step and Couldn’t thank Malcolm, and Amy from the team Enough with the service that they provided is five star in my rating

1 year ago

Miss Laura

Malcolm has been amazing from start to finish! He has made this process so much easier and helped us every step of the way. His knowledge and patience is outstanding and I would highly recommend him and his team! Thank you again, we really can’t...

1 year ago

Claire

Moneyman has been a life changer for us. We would not be able to start on the property ladder if it weren't for Debbie and Matt. Matt has helped us through the stress of buying a house in this climate and they have both been nothing but supportive...

2 years ago

Jack

Excellent service! takes away a lot of the stress involved and if you're as clueless as I am these guys are a godsend.

3 years ago

Tania

Excellent service! Could not recommend Moneyman enough. Matt and Molly were always available to answer queries, constantly chased up on our progress and kept us informed of the process the whole way through. Thank you!

3 years ago

Olivia

I cannot thank Tom and his team enough. Tom, Stacey, Kerry, and Kayleigh were so helpful in providing a service that was above and beyond what we expected. They were always happy to answer any questions (even when I asked a million). Even before...

4 years ago

Edward

I’ve got to say I’m over the moon after contacting Middlesboroughmoneyman, they assigned me my own mortgage Advisor called Nathan and him and Laura from his team walked me through every step of the way. Here i am 39 years old and 40 in a couple...

5 years ago

Morgan

Kayleigh, Malcolm and the team made the whole process a very pleasant experience. I would highly recommend them to anyone looking for a mortgage broker who provided a great service with reassurance and advice along the way.

6 years ago

Michael

Responsive from the first point of contact (I received a call within minutes of making an online enquiry) I wouldn't hesitate to recommend these guys. You will deal with a few different people through the process but it works really well, they are...

6 years ago

Jonathan

fantastic service, would recommend to anyone looking for help with getting a mortgage. Both chris and mel have been excellent and have always been there at the end of the phone, text or email to answer our questions. thank you to both very much.

6 years ago

Our Simple Mortgage Process

Free Initial Mortgage Appointment

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

Our team will search through 1000s of mortgage products to find the most suitable 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

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

Our service doesn’t just stop here. We won’t just secure you the most suitable 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 most suitable deal.

Reasons to Choose us

Free Initial Mortgage Appointment

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

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

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

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 initial 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.