Self Employed Mortgage Advice in York

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We are here to help you get a mortgage as a Self Employed Applicant!

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.


What will lenders look at?

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!

Speak to a Mortgage Advisor in York

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.

How does it work?Get a quote nowMeet your advisor

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

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Self Employed Mortgage Scenarios

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:


  • You’re a self employed business owner and you’re being paid a mixture of either salary, dividends or a directors’ loan.
  • You need a mortgage advisor in York to help you through your mortgage process. If your business is going through a busy period, it may be better to help and take the stress away.
  • Instead of paying yourself a proper salary, you put most of net profits back into your business.
  • Your business hasn’t been trading for one year plus.
  • You are struggling to match the banks’ strict lending criteria despite having a good credit score.
  • You’re a company owner, director, sole trader or business partner and need mortgage advice.
  • You have an unsteady net profit.


Self Employed Customers & Bank Mortgage Advice in York

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!

Why should you use a Mortgage Broker in York?

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.


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Common mortgage

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

  • Photographic ID (Driving license, Passport, etc.).
  • Proof of Address (Utility bills, tax bills, credit card statements, etc.).
  • Latest 3 months’ payslips & Latest P60 (employed applicants)
  • Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
  • 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.

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.

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 York.

Step 3

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.

Step 4

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.

Handy quick links & Yorkmoneyman 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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR

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Yorkmoneyman, York Hub, Popeshead Court Offices, Peter Lane, York, YO1 8SU.

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