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Self Employed Mortgage Advice in Grimsby

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Discover the possibilities of Self Employed Mortgages!

When it comes to self-employed applicants each lender’s criteria differ. Here we feel that self-employed applicants can sometimes get the short end of the stick when it comes to securing a mortgage. However, with our experience and knowledge, you are sure to be in safe hands.

 

We have a team of Specialist Mortgage Advisors in Grimsby ready to help with your mortgage situation.

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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Common Self Employed Mortgage Scenarios

  • Sole Traders
  • LTD company directors
  • Contractors / Freelancers
  • Fluctuating NET profits
  • Complex Pay Structures – i.e directors loans, dividends, retaining high net profits etc.
  • Turned down by your high street lender?

 

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 Choose Grimsbymoneyman as your Mortgage Broker in Grimsby?

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 Grimsby 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.

 

  • Our team have vast knowledge and experience when it comes to self-employed mortgage applicants. We work for you! We are not tied to any estate agent, builder or bank.
  • We’re open 8am – 10pm 7 days to accommodate your busy working schedules. Out of hours, appointments are not a problem.

 

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

What our customers say

Common mortgage
questions

The free mortgage consultation will last approximately an hour. When your Mortgage Advisor in Grimsby has evaluated the situation, they will advise a mortgage for you with no obligation for you to begin the process. From this, you can decide if you want to proceed with us or not.

An agreement in principle usually lasts between 30 and 90 days but this can change depending on your lender. You can renew your agreement in principle if it expires.

Before you start viewing a property in Grimsby, we always suggest that you obtain an agreement in principle. If you want to be prepared ahead of time, you need to get one before making an offer.

The process of a trusted Mortgage Broker in Grimsby starts by conducting a fact find to support your needs before recommending a mortgage deal. When a Mortgage Advisor has evaluated your situation, they will carry out a credit check on you, this is needed for an agreement in principle. A formal mortgage offer can be provided when you have evidenced all of the relevant documentation and a valuation of the property has been completed.

You can get a second mortgage even if this is for debt consolidation or home improvements. You may have the choice to take out a second mortgage on a second property for your own use or a family member’s use, a holiday home or a Buy To Let.

The minimum deposit that you will need to buy a property with high street lenders is usually 5%. If you have previous credit problems, this percentage can be higher.

Due to having previous credit problems, it may be harder, however it isn’t impossible. To show you can afford a mortgage, you will need to put down a higher deposit, probably 10% or 15% of the purchase price.

If you are self employed, you can still get a mortgage however you must provide at least one years’ accounts. To calculate the maximum mortgage, the majority of lenders would use your salary + dividend, whilst other lenders could base it of your net profit.

If you are an employee, you will need to provide three payslips to prove your income. If you are self employed, you will have to prove for the latest 2 years’ accounts. Along with this, you must produce proof of ID, address and 3 months’ bank statements.

You will need to provide three payslips if you are an employee to prove your income, though you will have to provide the latest 2 years’ accounts if you are self employed. As well as this, you must provide a proof of ID, address and 3 months’ bank statements.

The process of our free consultation can last up to an hour and when it comes to an Agreement in Principle, we can have this ready for you within 24 hours. A formal mortgage offer has been known to take about three weeks on average.

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 Grimsby.

Step 3

Make an offer on the property in Grimsby 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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Grimsbymoneyman.com & Grimsbymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

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