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As a self employed applicant, it can be a little harder to get a mortgage. You need to provide more pieces of evidence and the process can take a little longer, especially when it comes to finding the right product.
Our job is to try and help you with this. We have worked with many self employed applicants, and in most situations, we are able to help.
When determining whether to lend to you or not, your lender will look at various different factors:
– Your income/salary
– Previous years of accounts’
– Costs and expenses that are operated within your business
– Bank statements
We will go through how to evidence these step by step and tell you exactly why these need to be looked at. If you’re confused or have any questions throughout the process, feel free to ask your Mortgage Advisor in York. Your advisor and our team will be right by your side!
As a Mortgage Broker in York, it is our job to help you make your way through the mortgage process. We know that it can be stressful when you’re self employed and are struggling to get a mortgage, that’s why we do what we do – to help!.
You can get your mortgage process started now by using our online booking feature. You can book your appointment for the morning, daytime, evening or even the night, it’s completely up to you.
We’ve been working within the mortgage industry for over 20 years now and during this time, we’ve been able to help many different self employed applicants secure a great mortgage deal.
We are always faced with complicated mortgage scenarios, here are some examples of what we’ve come across before:
Different lenders will have their own unique credit scoring systems, and some will be stricter than others. They need to be certain that you can afford a mortgage as a self employed applicant. If you don’t manage to meet their lending criteria, you may need to try and secure a specialist mortgage product.
If you keep applying for high street mortgage products and keep getting declined, you’re risking damaging your credit file. Our mortgage team will help you find a mortgage deal that you’ll match and is tailored for your self employed mortgage situation.
You can book your free mortgage appointment online today. Speak with one of our mortgage advisors in York and find out how we can help!
Yorkmoneyman is here to help you through your mortgage process. Our team will be open and honest with you at all times, trying and find you the best mortgage deal that’s available to you. When you’re in need of mortgage advice in York, we want to be there to help.
We know the difficulties of getting a mortgage as a self employed mortgage applicant, therefore we want to make sure that you’re receiving the best service possible.
You may benefit from taking a look at our customer reviews. There may be someone who was in the same situation as you are now! Customer satisfaction means everything to us. From start to finish, we aim to provide a five-star service.
We’re open from early until late, meaning that you can book your free mortgage appointment at a time that suits you. We want to work around you so that you can work around your social life, work and hobbies. Our mortgage advisors will also be available to answer questions that you have at any point during your journey – no question is a stupid question!
We can search through 1000s of mortgage products in order to try and find you a product that matches your personal and financial situation. Our team are experienced with self employed lending criteria and know the exact requirements that lenders are looking for.
4.96 Rating170 Reviews
James
Fantastic, efficient service from Wayne & Jo. Would highly recommend
Hayley
I find all things mortgage quite daunting yorkmoneyman completely took the worry away. I have taken my first mortgage and remortgaged with them. Lovely team, I highly recommend
Peter
Yorkmoneyman helped us get the right mortgage at the best rate available, Dinah who was our contact was helpful, knowledgable, friendly and made the mortgage procedure simple and quick for us to complete, would definitely recommend 😬
Jack
Charlie outstanding once again, 2nd Mortgage I’ve now got from him and referred everyone I know! Thanks again to you and your team!
Jack
Chris was excellent in guiding us through the process, and very well supported by Stacey. Everyone was always friendly, professional and very quick to respond.
Helen
I couldn't recommend this service highly enough. Dinah, our advisor was so helpful, knowledgeable and patient. She made everything easy and couldn't do enough to make everything happen.
Nicholas
Why do you make me write in this box?
Wei
Both Matt and Debbie are very kind and patient! They are skillful and help me a lot! Appreciate them!
Sandra
We asked Yorkmoneyman for assistance with obtaining our new mortgage, and would absolutely recommend! Their knowledge and expertise was second to none, and nothing was too much trouble. Many thanks to Wayne and Stacey for all they have done for us.
Daniel
Jason has been a massive help since i first went to him, is very quick with getting back to any problems we may have! Would recommend
Anonymous
I am genuinely delighted to share my exceptional experience with Dinah at Yorkmoneyman - Mortgage Brokers. From our initial conversation to securing an incredible mortgage rate, Dinah's professionalism, knowledge, and dedication truly stood...
Jamie
Working with Dinah has been an absolute delight. She has supported the application process at every step and has made the whole process as stress-free as possible. I highly recommend her services.
Liam
Great service - quick, efficient and honest. Will be using again.
Craig
Provided an excellent service. Really impressed with the knowledge of the current mortgage market and provide good advice. Weren’t pushy and gave plenty of options based on what we required, wouldn’t have been an issue if we just walked away as...
Carol
The team were brilliant from first contact, talking through our options. And really listened to what we wanted. They were exceptionally thorough checking all the documentation ensuring everything was in place prior to putting the mortgage...
David
York moneyman was very helpful with both finding us the best rate for our initial mortgage and then again when it was time to remortgage. The remortgaging advice was particularly welcome in these challenging times as it was free and helped us get...
Louise
From start to finish, helpful and informative all the way. Sound advice and quick responses. Would absolutely recommend York moneyman to anyone and would use again definitely.
Valentina
I used Yorkmoneyman service second time to remortgage my house and they were brilliant, happy with customer service, quick response, great communication and I would highly recommend.
Anonymous
5* service throughout the process. Look no further, can 100% recommend.
Paul
Easy to deal with, sound advice following a review of your needs. Would highly recommend to anyone
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 30 mins, 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 30 mins. 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
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.
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.
You can take some time out to browse potential properties in York.
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.
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.
