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Self Employed Mortgage Advice in Leicester

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Discover the possibilities of Self Employed Mortgages!

Being self-employed in Leicester can be both a boon and a burden, particularly when it comes to financial transactions, such as getting a mortgage. But we don’t see why having your own business and being your own boss should make it tougher for you to get a mortgage.  After all, you work hard and earn money so why shouldn’t lenders consider you a good risk?

 

Rest assured, our Mortgage Advisors in Leicester have lots of experience getting mortgages for our self-employed customers.  We work with a large panel of lenders, where we have in-depth knowledge of their individual lending criteria.

 

Often, when buying a home, things don’t always go to plan that’s why having a Self Employed Mortgage Expert in Leicester on your side will prove incredibly helpful. If you work for yourself, our Mortgage Advisors in Leicester will help you organize all the paperwork that you may need and we’ll find the right lender and criteria for 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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Popular Self Employed Scenarios:

  • Limited Company owners or Sole Trader mortgages
  • Income structure – i.e. dividend, salary, mixed-income, retained profit, directors loan
  • Fluctuating net profit
  • A change in your personal situation
  • Contractor or Freelancer Mortgage Advice
  • Has your bank refused you a Mortgage? i.e. poor credit, the bank won’t lend enough, lending criteria, auto-decline etc.
  • Have you got a strange or complex Mortgage situation and are wanting help?

Why you should a local Mortgage Broker in Leicester?

Our Mortgage Advisors in Leicester will help and support you anytime you need them, 7 days a week! The home buying process isn’t always easy so we’ll make sure to help you over any hurdles you face.

 

We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress, whatever the situation.

 

Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us and is what keeps us going!

 

Mortgage Advice in Leicester is available mornings, afternoons, evenings and weekends – whichever one fits best with your work and family.  It’s the same service either way!

 

We’re not like a bank – We’re able to search 1000’s of mortgage deals in order to recommend the best one for you!

 

We’ll help you with any existing mortgages and properties in the background, and the options available with these if required.

What our customers say

Common mortgage
questions

Your free mortgage consultation in Leicester will last for about one hour. Your advisor will then recommend a mortgage for you and you can decide whether or not you wish to go ahead with it.

As your Mortgage Broker in Leicester, we will carry out a Fact Find to determine your needs prior to recommending a mortgage that is the most appropriate. 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.

We recommend that you obtain an Agreement in Principle ahead of viewing properties in Leicester, to avoid any potential disappointment. At the very latest we believe you should obtain one prior to making an offer to help with your bargaining position

An Agreement in Principle will usually last for between 30 and 90 days depending on the Lender. If your Agreement in Principle expires it can always be refreshed with the assistance of your mortgage advisor.

You may possibly be able to get a second mortgage on your home for debt consolidation or Home Improvements. The usage of a second mortgages extends to using it for yourself, a family member, a holiday home or a Buy to Let in Leicester.

To purchase a house in Leicester, the minimum required deposit with High Street Lenders is usually around 5%, but this can be higher if you have had credit problems in the past.

If you have had problems with your credit, you can still get a mortgage, however, you may need to put down a higher deposit than usual, often 15% of the purchase price.

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

To prove your income amount, it’s usually the latest three payslips for an employee and the latest 2 years’ accounts for self-employed. On top of this, you will need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation will usually lasts up to an hour or so. Your mortgage advisor can turn around an agreement in principle within 24 hours of this consultation and a formal mortgage offer takes about three weeks on average in Leicester.

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 Leicester.

Step 3

Make an offer on the property in Leicester 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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Leicestermoneyman.com & Leicestermoneyman 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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