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Self Employed Mortgage Advice in Nottingham

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Discover the possibilities of Self Employed Mortgages!

The Self-Employed can often get the short end of the stick when it comes to mortgage deals, which is why as a specialist Mortgage Broker we hope to secure you the best mortgage for your circumstances. If you have a minimum of 1-year accounts, there is a chance you could still be eligible for a mortgage on your dream home.

 

As a company, we have great knowledge of Self-Employed lending criteria and a large number of Specialist lenders on a panel with thousands of products available to look at. Our Mortgage Advisors offer open and honest Self-Employed Mortgage Advice in Nottingham, and we will try to help all of our customers the best we can. Whether this is obtaining them the best mortgage deal on the market or giving advice on how they can help and increase their chances of getting a mortgage in the future.

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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Popular Self Employed Scenarios

We work with all types of self-employed clients, all needing assistance with mortgages. Here are just a few of the scenarios that we are used to dealing with:

 

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

 

Traditionally, banks are not always very receptive when approached by their self-employed customers for mortgages. No matter how many years you have been banking with them or how much money you pay into your account on a regular basis, if their computerized lending criteria do not like your financial information, they will just say no.

Why you should a Mortgage Broker in Nottingham?

Over time, if you keep applying with multiple lenders and you still don’t match their criteria, your credit score and chances of getting a mortgage altogether could be adversely affected – It’s times like these where using a Self-Employed Mortgage Broker in Nottingham could be just what you need to reach your goal. We’re able to compare deals from multiple lenders and use our in-depth knowledge of Self-Employed lending criteria to put you with the right lender first time.

 

If you’re Self-Employed and in need of some expert Self-Employed Mortgage Advice in Nottingham get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage
questions

Your free mortgage consultation in Nottingham will likely last around one hour. After the initial mortgage consultation, our Mortgage Advisors in Nottingham will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage recommendation that is offered to you.

As your mortgage broker in Nottingham, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Nottingham. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

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 always be refreshed.

It may be possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

The minimum deposit when purchasing a house in Nottingham with High Street Lenders is typically 5%. This can be higher if you have had previous credit problems.

If you have had credit problems you can still get a mortgage in Nottingham but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

Once you have submitted at least one year’s accounts, you are able to get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average.

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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 Nottingham.

Step 3

Make an offer on the property in Nottingham 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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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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