It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
As a mortgage broker in Leeds, we understand going through a mortgage process as a self employed applicant can be challenging. From the hurdle of meeting lender’s criteria or having trouble proving your income, it can take a while to secure that mortgage offer compared to an employed applicant.
It would be ideal if everyone went through the mortgage journey with the same treatment. This isn’t possible because lenders need have to the confidence to lend to you as a self employed applicant. The following are some factors lenders will look at:
Our mortgage advisors in Leeds will provide you with a tailor-made service to help you obtain a self-employed mortgage with a deep consideration for your circumstance.
We will be here with a helping hand throughout your full mortgage journey, providing you with advice as well as support with backing up your application through evidencing your income and years of accounts’.
As providers of expert mortgage advice in Leeds who specialises in working with self-employed customers, we can search 1000s of mortgage products. When we find you the perfect deal and you are wanting to proceed, we can begin preparing your mortgage application.
Our expert mortgage advisors are here 7 days a week so you can get in contact with them whenever is best for you. Therefore, get in touch to book yourself in for a free mortgage appointment.
The required number of years for a self employed mortgage can vary depending on the lender’s criteria. However, most lenders typically seek a track record of at least two to three years of financial records, such as tax returns or company accounts.
This documentation is used to evaluate your income stability and determine your eligibility for a mortgage. While some lenders may accept just one year of accounts, it’s essential to note that this could limit your mortgage options and potentially impact the terms of the loan.
Lenders assess the income of self-employed individuals differently compared to salaried employees. They usually consider your average annual income over a specific period, often spanning the past two to three years.
Our Customers Love Us
4.98 Rating230 Reviews
Lindsey
Very helpful and made process simple
1 week ago
Rebecca
Leedsmoneyman was extremely helpful when getting my mortgage, Matt and the team were always happy to help and answer any questions I had and made getting a mortgage as stress free as possible. I would definitely recommend!
2 weeks ago
Krystal
Fantastic service from start to finish - quick responses times and didn’t push extra products would highly recommend
3 weeks ago
Dr
Excellent service
3 weeks ago
Sophie
Very helpful. They talk through the process at every step. We had Charlie helping us with our mortgage and he was excellent.
1 month ago
Luke
We recently used Moneyman for support with a new mortgage, the team were fantastic, supportive and responsive throughout the whole process. In a very stressful time of moving house, they have made everything x10 easier. We specifically worked with...
1 month ago
Matthew
Our advisor Matt Collinson has been so helpful and a pleasure to deal with. I would definitely recommend him.
2 months ago
Lauren
Wayne was great throughout. Understood our needs really well and catered to when we were free to chat. Followed up and finalized with his colleagues who were really helpful and it’s really such a friendly team. Couldn’t fault the service at all...
2 months ago
Soney
I have been in my current house for 6 years and have always relied on Leedsmoneyman to deal with my mortgage renewal, etc. We will always use Leedsmoneyman for our mortgage needs and highly recommend them to anyone thinking of applying for a...
2 months ago
Andie
Absolutely fantastic service from both Chris and Lizzi!! Always responded quickly and answered all our questions. Wouldn’t go to anyone else now.
2 months ago
Jessie
Jason and Paula were really helpful all the way through my mortgage application process. Jason answered my questions in detail and promptly. I would definitely recommend and use them again.
3 months ago
Anonymous
Super helpful - as a first time buyer I had no clue about the ins and outs of getting a mortgage but Jason made sure to help me understand the process as well as get me a great deal.
3 months ago
Anonymous
Daniel was super helpful with our remortgage and did everything he could to secure us the lowest rate possible at a time rates are going up so fast!
4 months ago
Michael
We definitely chose the right company to handle our case. They were very professional and efficient and everything went through smoothly. We were delighted with the ongoing service we received up to completion and the icing on the cake is they will...
4 months ago
James
Excellent service from all involved once again. Everything was explained fully at all stages and the whole process was smooth sailing.
4 months ago
Anonymous
Would highly recommend Leedsmoneyman. The service was really great, everyone we spoke with was very responsive and helpful with any questions or queries. It really made the whole process a lot easier and less scary for us as first time buyers.
5 months ago
Anonymous
Really helpful for me and my partner being first time buyers, explained all the ins and outs and helped us get a great deal.
5 months ago
Melanie
Cannot recommend Daniel enough. He was efficient and professional while dealing with my change of mortgage.
7 months ago
Lisa
Very professional & friendly service, I had a very complex case & really didn't think I'd be able to secure a mortgage. Dinah went through every step in a way I could understand & was there anytime I needed to ask anything. I will definitely be...
7 months ago
Connor
Dan was a fantastic help, and gave some grand advice. Very glad I had the chance to contact him!
8 months ago
During this appointment, your mortgage advisor in Leeds will look at your asessment to work out your maximum affordability.
Our team will look through 1000s of mortgage products to find the most suitable deal for your circumstances.
Once your purchase offer has been accepted, your mortgage advisor in Leeds will submit your full mortgage application and evidential documents to your lender.
Our service won’t just stop here. We will not only secure you the best mortgage deal, we will also recommend relevant insurance to protect you.
A benefit when you do go with Leedsmoneyman and have a mortgage advisor in Leeds work for you. Our service is tailored to the customer and we work for you with your best interests at heart.
Like with a lot of mortgages and especially self-employed ones, the criteria can differ depending on the lender.
Our expert mortgage advisors in Leeds aim to match you with the most appropriate lender that works well with your personal circumstances. Our aim is to get this right the first time!
With the tailored made service, we will work hard in finding you the mortgage deal that suits your personal and financial situations.
We have a rich experience in dealing with a lot of limited company owners, sole trader, partners that have a salary, dividends or both. Our team try and help those who are really in need of support getting a mortgage through providing open and honest mortgage advice.
It’s common that every high street mortgage lender will use their in-house credit scoring system when deciding if customers are eligible to take out a mortgage with them. The credit scoring system is usually based on the mortgage lender’s history and experience as a mortgage lender within the industry.
Lenders will look at historical data of mortgage repayment statistics as well as any information on repossession and other common patterns so they can determine what would be high-risk when lending. By doing this, the lender can save time and money, however, can become a setback within a self employed applicants journey to their dream home.
Over time, it might have been common for lenders to find self employed applicants fall into arrears compared to anyone who is a regular employee. A factor to highlight is that employed applicants would usually not have a hard time obtaining a mortgage as self employed applicants would.
You may be aware that most high street lenders in the industry will have very strict lending criteria with a number of them wanting to see your profits increasing over at least 3 years worth of accounts and some wanting a three year average.
It’s always best to be prepared with a good few of years of this evidence even if some lenders don’t require three years. Furthermore, this may increase your chances of getting a mortgage.
Some of our customer get in touch with us after approaching their bank directly looking to obtain a mortgage but unfortunately have found it a challenging experience. This could be due to the following reasons:
Approaching different lenders is something we wouldn’t recommend, especially if you don’t have a lot of knowledge of their lending criteria. By doing this, you could have a detrimental on your credit which could become a risk in you not being able to obtain a mortgage at all.
We have dealt with a number of self employed customers with a variety of different situations and have provided them with open and honest Mortgage Advice in Leeds.
Through our experience working with these types of customers, we have been faced with a range of different scenarios such as:
Read our 230 Reviews
Leedsmoneyman.com & Leedsmoneyman 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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Leedsmoneyman.com & Leedsmoneyman 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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