As a Self Employed applicant, unfortunately, it can be a little more difficult to get a mortgage. This is not down to the process; this is down to the number of documents that you have to supply as evidence of your income.
First of all, lenders will want to see at least one years’ accounts and bank statements of more than three months. More lenders are also beginning to factor in net profit to determine whether you are a suitable applicant or not.
A regular mortgage applicant will have their affordability and income assessed, however, a Self Employed applicant will also have their business assessed on top of this. We have been helping Self Employed applicants achieve their mortgage dreams for over 20 years now, and we want to help you next. As your mortgage broker in Newcastle, our job is to get you through the process and help you achieve a great Self Employed mortgage product for you and your personal circumstances.
We have a large number of lenders on panel that each hold Self Employed mortgage products. We will try our best to pick out the best one for you.
Whether this is your first experience buying a home as a Self Employed applicant in Newcastle, or you’ve done this before and want to move home, we still think that our services will benefit you. Our aim is to try and save you time and money; we will be 100% transparent with you at all times.
All Self Employed applicants, no matter their situation, can benefit from a free mortgage appointment. We have specialist Self Employed mortgage advisors in Newcastle available 7 days a week to answer all of your questions.
Most lenders require self-employed individuals in Newcastle to have a minimum of two years of self-employment history to apply for a mortgage. However, some mortgage lenders may only require one year of history.
Self-employed mortgage applicants in Newcastle are eligible for the same mortgage rates as other employed applicants. The only difference is the way mortgage lenders evaluate their income.
If you own at least 20-25% of a business, mortgage lenders in Newcastle will classify you as self-employed.
Contrary to popular belief, there are no specific requirements or additional barriers preventing self-employed individuals from applying for a mortgage in Newcastle.
The challenging aspect of applying for a self-employed mortgage in Newcastle is providing accurate proof of income and demonstrating reliable and consistent income. Mortgage lenders will only consider taxable income.
Navigating the mortgage process can be complex, and working with a mortgage broker in Newcastle can be advantageous.
As a open and honest mortgage broker in Newcastle we have helped many self-employed individuals secure a mortgage in Newcastle, even when they thought it was unlikely. Let us help you get approved for a mortgage as a self-employed applicant in Newcastle.
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5.00 Rating16 Reviews
Paul
Professional service that was friendly and problem free - could not be faulted and is highly recommended for later life financial services.
4 weeks ago
Sikandar
Matt has been amazing. He not only found me the cheapest mortgage but also made sure that the offer is secured quickly. He remained in close contact advising me at every step of the process. He also helped me in negotiations with the vendor’s...
6 months ago
Anonymous
Helped us to find a reasonable deal but also requested a better one when the lender reduced their rates
7 months ago
Steven
Fantastic service and had our mortgage approved within a week of our first call! Chris and Jo were a pleasure to deal with and available to chat at a moment's notice, even at weekends. The process was incredibly smooth and any recommended parties...
7 months ago
Grace
Matt gave us really good advise, which helped to give us the confidence to proceed with purchasing our first home. Once we had an offer in we were quickly shown the best mortgages to apply for, life insurance/critical illness insurance, and we were...
1 year ago
Lois
Brilliant service as always. Thank you guys 🙏 🏡
1 year ago
Anonymous
Both Jason and Chole were very helpful in helping me and my partner secure a mortgage despite having trouble getting one in the past.
1 year ago
Michael
Great response and very friendly service. Very helpful.
2 years ago
Jacqueline
My experience with this company has been great and I highly recommend them. From the initial stages through to getting the offer, everyone I spoke with was informative, professional and friendly. Tom and Jonathan really helped with the initial...
2 years ago
Sunna
I have spoke to Arron today, I have received excellent customer service. He listened me carefully and answered all my questions promptly!! Good adviser.
2 years ago
Lydia
Amazing! UK moneyman were there every step of the way. Making sure I understood everything and taking the stress out of buying your first house. They were very responsive to emails, calls and gave excellent customer service. 10/10 could not fault...
2 years ago
Kevin
All staff, very efficient,communication excellent and found us a great deal on our mortgage as my credit rating wasn’t great.Thankyou very much Leo and Newcastle moneyman.
4 years ago
david
Being self employed it was hard to get a mortgage!but thanks to Newcastle money man I’ve got one !!!thanks again would definitely recommend them!👍
4 years ago
Harley
Professional service from start to finish. Very helpful with all of the questions I was throwing at them also. Would recommend 100% and we feel we for the prefect product mortgage for us. Thank you guys!
4 years ago
Darla
Great advice from start to finish. I had only dealt with a Broker via Estate Agents before so it was a little different to do everything over the phone but much better really because I was able to speak to someone late into the evening after I had...
4 years ago
Darla
we just used this mortgage brokers for a mortgage on our new house. right from the initial phone call, the service received was very swift and carried out by professional yet very caring people. they made sure that every detail was done to the...
4 years ago
Discuss your situation and mortgage goals with a dedicated mortgage advisor in Newcastle.
During this appointment, your advisor will look at your tax year overview and tax calculations to work out your maximum affordability.
Our team will look through 1000s of mortgage products to find the best deal for your circumstances.
We will then find you a mortgage agreement in principle to help you back up any offers you want to make.
Once your purchase offer has been accepted, your mortgage advisor in Newcastle will submit your full mortgage application and evidential documents to your lender.
Throughout the process, a dedicated case manager will keep you up to date until you receive your official mortgage offer and complete your purchase.
Our service won't just stop here. We will not only secure you the best mortgage deal, we will also recommend relevant insurance to protect you.
We will also contact you about the date of renewal of your mortgage to make sure you are always on the best deal.
Follow our ‘Book Online’ form and book yourself in for a free mortgage appointment; it's never been easier to get self employed mortgage advice in Newcastle.
We have advisors in Newcastle that can take on your Self Employed mortgage case. We don’t just give you advice, we stand with you from start to finish to make use that you receive the best experience possible!
Lending criteria varies from lender to lender. This applies to every mortgage situation; some lenders will also tailor their products to certain types of buyers. Our job is to find the right product for your Self Employed mortgage situation so that you come out with a deal that is best suited to your personal and financial situation.
It’s important that we offer a helping hand, we know how it feels to be in the middle of a complex mortgage case and not know what to do. We also deal with specialist mortgage scenarios and can give you Mortgage Advice in Newcastle that could help you with your situation or get over that hurdle.
Get in touch with our fantastic mortgage team in Newcastle and see how we can help. It takes less than one minute to fill out our contact form and book a mortgage appointment, try it for yourself!
Follow our ‘Book Online’ form and book yourself in for a free mortgage appointment; Self Employed mortgage advice in Newcastle is around the corner!
We have advisors in Newcastle that can take on your Self Employed mortgage case. We don’t just give you advice, we stand with you from start to finish to make use that you receive the best experience possible!
If you are having these types of experiences, you may need a Mortgage Broker in Newcastle to help you:
Read our 16 Reviews
Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
