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Self Employed Mortgage Advice in Doncaster

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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 in Doncaster 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 Doncaster, 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 Doncaster.
  • 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 Doncaster?

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 Doncaster 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 Doncaster,  get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation in Doncaster will last roughly one hour. We will then be on our way to recommending a mortgage for you, where you have no obligation for you to proceed. If you’d rather not take it and step back for a time, you have every right to do so.

Your mortgage advisor in Doncaster will carry out a Fact Find to establish your personal mortgage needs, before recommending the most suitable mortgage for your situation. A credit check will then be required in order for you to obtain an Agreement in Principle, which we are able to help with. Once you have provided the lener with all the relevant documentation, and you have had a valuation of the property completed, a formal mortgage offer can then be issued.

To avoid finding yourself disappointed when viewing and making offers on properties, we recommend you obtain an Agreement in Principle ahead of time. At the very latest, we recommend that you obtain one prior to making an offer, as this will assist your bargaining position.

An Agreement in Principle will usually last for between 30 and 90 days depending on the Lender that you are with. If your Agreement in Principle expires, you can easily have it refreshed.

You may have the option of taking out a second mortgage on your home for things like debt consolidation or any potential Home Improvements. It may also be possible to take out a mortgage on a second property to use on yourself, for a family member, a holiday home or even a Buy to Let.

The minimum deposit a lender will require when purchasing a house in Doncaster is around 5%. This figure can possibly be higher if you have had previous credit problems, but entirely depends on the lender.

If you’ve had credit problems previously, you may still have a chance at getting a mortgage, but you may possibly be required to put down a higher deposit than for the property than you might have if you had with good credit. This can often be 15% of the property purchase price.

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

You’ll generally be required to send three payslips if you are a standard employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, proof of address and the previous 3 months’ bank statements.

The free mortgage consultation that you receive when getting in touch, will typically last up to an hour. We can help you obtain an agreement in principle within 24 hours of this consultation, with a formal mortgage offer taking on average about three weeks.

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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 Doncaster.

Step 3

Make an offer on the property in Doncaster 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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Doncastermoneyman.com & Doncastermoneyman 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.

© 2021 Doncastermoneyman

Doncastermoneyman, 3 Cavendish Court, South Parade, Doncaster, DN1 2DJ.

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