Burger Menu

Self Employed Mortgage Advice in Grimsby

Get your free consultation 7 days a week

01472 289768

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 local 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:

Mortgage Lenders 007

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

    Your free mortgage consultation with a Mortgage Advisor in Grimsby will last approximately an hour. Once they have evaluated your situation, they will recommend a mortgage for you with no obligation for you to proceed. Based on the deal, you can decide whether or not you want to continue the process with us or not.

    As a trusted Mortgage Broker in Grimsby, we carry out a fact find to verify your needs before recommending you with a mortgage deal. After a Mortgage Advisor in Grimsby has evaluated your situation, they will perform a credit check on you, this is required for an agreement in principle. Then after you have provided all of the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued.

    We always advise that you obtain an agreement in principle before you start viewing properties in Grimsby, to avoid disappointment. If you want to get yourselves a head start, you should get one prior to making an offer.

    Typically, an agreement in principle lasts for between 30 and 90 days, however, this can change depending on your lender. If your agreement in principle expires, you can renew it quite easily.

    Yes, you can get a second mortgage. Whether this is for debt consolidation or home improvements, this is possible. It is also possible to take out a second mortgage on a second property but only if it is own use, the use of a family member, a holiday home or a Buy to Let.

    To buy a property, the minimum deposit that you will need with high street lenders is usually 5%. This percentage can be higher if you have previous credit problems.

    It will be harder but yes you can. You will have to show that you can afford a mortgage by putting down a higher deposit, perhaps 10% or 15% of the purchase price.

    Yes, however, you must submit at least one years’ accounts. Most lenders use your salary + dividend to calculate the maximum mortgage, whereas 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.

    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.

    Previous

    Next

    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.

    Handy quick links

    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.

    © 2020 Grimsbymoneyman

    Grimsbymoneyman, 13 Dudley Street Business Hive, Grimsby DN31 1UL

    Moneyman Logo

    Book your Free Consultation

    7 Days 8am - 10pm

    Moneyman Logo

    Moneyman Logo

    Moneyman Logo

    Ask Your Question