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Self Employed Mortgage Advice in Leeds

Get in touch for your free Self Employed mortgage consultation

0113 8272263

Helping the Self Employed Secure a Competitive Mortgage Deal

Proving your reliability as a Self Employed mortgage applicant can often prove difficult – that’s why we are here to help!

 

We have built up a large amount of valuable experience from working with Self Employed applicants. Most of our Self Employed customers believe that it’s impossible for them to obtain a mortgage offer, however, this is far from the truth!

 

As long as you can prove your income and show up to two years of accounts’, you may be on the right path towards securing a mortgage.

 

This also depends on your personal and financial situation. Depending on the lender that you’re using, you may get some leniency regarding matching their criteria.

How can a Mortgage Broker in Leeds help?

 

Your process begins as soon as you get in touch. We will arrange your free Self Employed mortgage consultation and get the ball rolling from there.

 

Our job is to try and guide you through the mortgage process and try to help you obtain a competitive mortgage product. We will also help you prepare your documents and submit your mortgage application with you – we aim to get it right the first time!

 

Contact us today for a free Self Employed mortgage consultation today.

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

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Common Self Employed Scenarios

We’ve worked with all different kinds of Self Employed mortgage situations. Here are just a few of the scenarios that we are used to dealing with:

  • As a Self Employed business owner, you get paid a combination of salary, dividends or directors’ loan.
  • Only been trading for one year.
  • Your company is going through a busy period and you need the help of an advisor throughout the process.
  • You’re a company owner, director, sole trader or business partner and in need of Self Employed Mortgage Advice in Leeds.
  • You have a really high credit score but don’t match the banks’ criteria.
  • Unsteady net profit.
  • You need to borrow more than what the bank can offer.
  • You leave your net profit in your company.

Even if your Self Employed mortgage situation isn’t listed above, it doesn’t mean that we can’t help you. Once you get to speak to your dedicated Mortgage Advisor in Leeds, they will get to learn more about your mortgage situation and from there, will try their best to try and secure you a Self Employed mortgage deal.

 

Contact us to book your free mortgage consultation.

I’m Self Employed, why Should I use a Mortgage Broker in Leeds?

If you’re Self Employed in Leeds and are looking for a mortgage but are struggling to get accepted, you should seek expert help. A Mortgage Broker in Leeds like us can help you through the whole process, from start to finish.

 

If you keep applying with multiple lenders and are getting declined every time because you aren’t matching their criteria, we would strongly advise that you don’t keep applying as it can adversely affect your overall credit score. Our team have access to Self Employed lenders who offer both competitive and specialist products. Once you approach us, it’s our job to try and pick out one of these deals to match you to.

 

If you’re Self Employed and in need of some expert Self Employed Mortgage Advice in Leeds. Get in touch with us today and let’s get your free mortgage consultation booked in.

What our customers say

Common mortgage
questions

Our free initial mortgage consultation can roughly last up to one hour. As a skilled Mortgage Broker in Leeds, we can get you an Agreement in Principle within 24 hours after we have all the correct information. On average, a formal mortgage offer takes about three weeks. 

If you’re an employee, you will usually have to supply three pay slips to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ accounts. You will also need to provide proof of ID, address and three months’ bank statements. 

If you can show evidence of at least one year’s accounts, you may be able to get a mortgage. Most lenders in Leeds will use your salary plus dividend to work out your maximum mortgage. However, some can go off your net profit. 

Despite having shown any credit problems in the past, the good news is you may be able to get a mortgage, but it means you may be required to put down a higher deposit, e.g. 10 – 15% of the property purchase price.

Suppose you are looking to put down a deposit for a property in Leeds. In that case, most High Street lenders will ask for a minimum deposit of 5%, and others might ask for a higher amount depending on your circumstances, e.g. If you have had any previous credit problems.

You can have two mortgages running simultaneously, as long as you can afford to repay the monthly instalments on each of them. If you’re looking to accomplish something like debt consolidation or home improvements, you may be able to place a second mortgage on your home. 

An Agreement in Principle typically lasts for between 30 and 90 days depending on the Lender used. If your Agreement in Principle expires, it can easily get renewed by speaking to a Mortgage Advisor in Leeds. 

As a committed Mortgage Broker in Leeds, we will carry out a Fact Find to establish your personal needs before we go ahead with advising the most suitable mortgage for your circumstances. From there, you will be credit checked, which is a requirement to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can be issued a formal mortgage offer. 

Your free mortgage consultation with a Mortgage Advisor in Leeds will last around one hour. Once they have evaluated your circumstances, they will advise a mortgage with no obligation for you to proceed. Based on the deal, you can determine whether or not you want to continue the process. 

To help demonstrate that you are creditworthy and assess your affordability for a mortgage, we recommend getting an Agreement in Principle ready before viewing properties in Leeds. At the very latest, you should obtain one before making an offer to assist your bargaining position and show any seller that you are ready to proceed should they accept your offer. We are typically able to obtain an agreement in principle within 24 hours.

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 Leeds.

Step 3

Make an offer on the property in Leeds 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 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.

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