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Self Employed Mortgage Advice in Bristol

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Discover the possibilities of Self Employed Mortgages!

Self-Employment has become an incredibly popular means of employment, though this can create some complexities when it comes to the mortgage process. Having a self-employed Mortgage Broker in Bristol by your side could prove invaluable. Lending criteria vastly vary when it comes to self-employed lending criteria.

 

Our mortgage advisors have a vast knowledge of self-employed lending criteria, making sure we get you the best mortgage product and lender for your circumstances.

 

Often, customers who call have had difficulty one way or another with their bank or high street mortgage lender. In any case, this can be down to varying reasons from your income structure, fluctuating net profit to they will not lend enough.

 

If this is the case, it is essential that you do not keep trying lots of other lenders without being confident of their lending criteria as this could harm your credit score and may harm your chances of getting a mortgage altogether.

 

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 | Purchase or Remortgage Deals

If you are self-employed, often getting a mortgage can seem like an impossible task.  That is without a Professional Mortgage Advice Team on your side!  We’re here to hold your hand throughout the whole process and whatever hurdles we should meet along the way.  We’re with you from your initial enquiry right through to your completion day, here are some popular scenarios that we are used to dealing with:

  • You have a fantastic credit score but do not match the banks’ criteria.
  • Only been trading for one year.
  • Fluctuating net profit
  • Limited Company owners or Sole Trader mortgages
  • Have you got an unusual or complex situation and are wanting mortgage help?

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 regularly. Contact us and speak to one of our self-employed specialists in Bristol today, and we can see how we may be able to help.

Why you should use a Mortgage Broker in Bristol?

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 Bristol 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 Bristol.  Get in touch with us today and make a date for your free mortgage consultation.

What our customers say

Common mortgage
questions

Typically, our free consultation will last up to an hour or so. Our team can turn around an agreement in principle within 24 hours of speaking to an advisor. A formal mortgage offer can take around three weeks on average.

It’s typically three payslips for an employee to prove their income and the latest 2 years’ accounts for a Self Employed applicant. You will also need to provide the lender with proof of ID, address, and 3 months’ bank statements.

Once you have submitted a minimum one year’s accounts, you can get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas some other lenders are known to go off your net profit.

Even if you have had credit problems, you may still be able to get a mortgage, though you may be required to put down a higher deposit than you otherwise would’ve, often 15% of the property purchase price.

The minimum deposit for buying a house in Bristol with High Street Lenders is around 5%. This can be higher if you have had previous credit problems.

You may find that it is possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. If you are looking to take out a mortgage on a second property, either to use it for yourself, a family member, a holiday home, or a Buy to Let, this may also be possible.

An Agreement in Principle will usually last between 30 and 90 days, depending on the lender you go with. If your Agreement in Principle expires, you can always have it refreshed.

To avoid being disappointed if an offer falls through, we recommend that home buyers obtain an Agreement in Principle before you begin viewing properties in Bristol. At the very latest you should obtain an AIP prior to making an offer to assist your bargaining position with a seller.

As a trusted and hard-working mortgage broker in Bristol, we will carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for your situation. A credit check will be required for an Agreement in Principle. Once you have given the lender all the relevant documentation and a valuation of the property has been completed, a formal mortgage offer can be issued.

Your free mortgage consultation with a trusted member of our mortgage advice team in Bristol will last around one hour. From there, your advisor will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether you wish to take it or step back.

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 Bristol.

Step 3

Make an offer on the property in Bristol 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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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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