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Self Employed Mortgage Advice in Sheffield

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Discover the possibilities of Self Employed Mortgages!

It’s unfair that employed applicants have to jump through far fewer hoops than Self Employed applicants when buying or remortgaging a home.  However, mortgage lenders use their own scoring cards based on historical risk hence the need for Self Employed Mortgage Advice in Sheffield.

 

Therefore, seeking Self Employed Mortgage Advice in Sheffield from an experienced broker like us will prove invaluable if you are a business owner looking to buy a new property or remortgage soon.

 

Rest assured, we 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.

 

If you are looking to buy a new property or remortgage soon, we are here to assist. We have spent over 11 years working with Self Employed clients from a variety of backgrounds, all looking for us to secure the best deal for them, we have vast in-depth knowledge of lenders Self Employed criteria.

 

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

  • Limited Company owners
  • Pay structure – i.e. dividends, salary, profits in the business, directors loan
  • Fluctuating net profits
  • A recent change in personal situation
  • Sole Trader mortgages
  • Contractor/Freelancer Mortgage Advice
  • Have you been refused a mortgage by your bank? i.e. failed credit score, they won’t lend enough, don’t fit their lending criteria etc
  • Have you got an unusual or complex situation and are wanting mortgage help?

Why should I choose Sheffieldmoneyman?

As your local expert Mortgage Broker in Sheffield, we aim to go above and beyond for every customer that comes to us. It can be twice as hard when you are trying to get a mortgage Self Employed too, so let us help you!

  1. We’re on your side! We have in-depth knowledge of lending criteria from a large number of mortgage lenders, including some specialist.
  2. Our job is to make you feel relaxed and comfortable right from your initial enquiry through to you getting your keys or completion.
  3. Our customer service is really important to us, please read our genuine reviews at Reviews.co.uk
  4. Furthermore, unlike your bank, we are able to search 1000’s of mortgage deals on your behalf to recommend the most suitable one for you.

 

As your Mortgage Advisor in Sheffield, we are here to help you.  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 Sheffield 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 Sheffield, we carry out a fact find to verify your needs before recommending you with a mortgage deal. After a Mortgage Advisor in Sheffield 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 Sheffield, 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 in Sheffield. 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 in Sheffield, you will need to meet a minimum deposit. Typically, with high street lenders, this 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 in Sheffield 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 in Sheffield, 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 mortgage consultation in Sheffield will take about an hour. Once your consultation is completed, we can arrange an agreement in principle for you within 24 hours. A formal offer takes up to 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 Sheffield.

Step 3

Make an offer on the property in Sheffield 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

Sheffieldmoneyman.com & Sheffieldmoneyman 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 Sheffieldmoneyman

Sheffieldmoneyman, Courtwood House, Silver Street Head, Sheffield, S1 2DD.

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