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Self Employed Mortgage Advice in Essex

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Self Employed Mortgage Advice in Essex

Mortgages don't have to be complex for self employed applicants - Let a mortgage broker in Essex help.

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What is a self employed mortgage in Essex?

A self employed mortgage in Essex is designed for individuals who work for themselves and have variable incomes.

Unlike standard mortgages, self employed applicants typically need to provide more documentation, such as tax returns and business accounts, to demonstrate their ability to repay.

As a trusted mortgage brokers in Essex, we specialise in helping self employed clients navigate these requirements, we aim to find you the most suitable deal​.

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Self Employed Mortgage Advice in Essex

I'm self employed in Essex Is it hard getting a mortgage?

Getting a self employed mortgage in Essex can be more challenging than for salaried applicants, mainly due to the need for consistent proof of income.

Lenders often require detailed financial records to assess affordability.

Working with a mortgage advisor in Essex can make the process smoother, as they can match you with lenders who are more flexible and willing to accommodate self employed applicants​.

What are the benefits of using a mortgage broker for self employed applicants in Essex?

Using a mortgage broker in Essex is beneficial for self employed applicants because brokers have access to a wider range of lenders, including those who specialise in self-employed mortgages.

Mortgage brokers can help you gather the necessary paperwork and present a strong case to lenders, increasing your chances of approval.

With tailored mortgage advice in Essex, a mortgage broker like ourselves can guide you through each step, we search 1000’s of self employed deals in the hope to find you a suitable mortgage​.

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Self Employed Mortgages FAQ's

How do self employed mortgages in Essex work?

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Self-employed mortgages in Essex work similarly to regular mortgages, but they require additional documentation to prove your income.

Lenders typically ask for at least two years of financial records, such as tax returns, bank statements, and business accounts.

A mortgage broker in Essex can help you gather the necessary paperwork and identify lenders who are more flexible in assessing self employed applicants.

Can I get a self employed mortgage in Essex with just one year of accounts?

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Yes, it is possible to get a self employed mortgage in Essex with only one year of accounts, but options can be limited.

Some lenders prefer at least two to three years of financial records, but a mortgage broker in Essex can connect you with lenders who are open to considering shorter trading histories.

Using a mortgage broker in Essex will increase your chances of finding a suitable mortgage deal.

What income proof do I need for a self employed mortgage in Essex?

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For a self employed mortgage in Essex, lenders usually require tax calculations, bank statements, and business accounts as proof of income.

They often look for two to three years of these records.

A mortgage broker in Essex can provide mortgage advice, guiding you through the documentation needed to present a strong application to potential lenders.

Is it harder for self employed applicants in Essex to get a mortgage?

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Yes, it can be more challenging for self-employed applicants in Essex to secure a mortgage, mainly due to the variability of income.

Lenders prefer stable earnings and might scrutinise self employed applications more closely.

This is where mortgage advisors in Essex can help, as they have access to lenders that specialise in self employed mortgages and understand the complexities involved.

How much can I borrow with a self employed mortgage in Essex?

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The amount you can borrow with a self employed mortgage in Essex depends on your income, expenses, and the lender’s criteria.

Lenders typically use your average income over the past two to three years to determine the loan amount.

A mortgage broker in Essex can give you a clearer idea of how much you could borrow and which lenders may be more suitable for your situation.

Can I get a self employed mortgage in Essex with bad credit?

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Yes, you can still get a self employed mortgage in Essex with bad credit, though it may be more difficult. Lenders will look closely at your credit history and current financial situation.

Working with a mortgage broker in Essex can be beneficial, as they have access to lenders who specialise in self employed applicants with bad credit, helping you explore your options.

Do I need a larger deposit for a self employed mortgage in Essex?

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While not always necessary, having a larger deposit can improve your chances of getting a self employed mortgage in Essex.

Many lenders see a higher deposit as reducing their risk, which could lead to better mortgage terms.

Our mortgage advisors in Essex can guide you through the process and advise on how much deposit may be required based on your circumstances.

Why should I use a mortgage broker in Essex for my self employed mortgage?

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Using a mortgage broker in Essex is advantageous for self employed applicants because brokers have access to a wide range of lenders, including those specialising in self-employed mortgages.

They can provide tailored mortgage advice in Essex, guide you through the application process, and help you find the most suitable mortgage deal for your specific situation.

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Our Simple Mortgage Process

Book Your Free Mortgage Appointment

Step 1

During this appointment, we’ll discuss your self employed income, financial situation, and mortgage goals.

Our team provides tailored mortgage advice in Essex, ensuring a smooth process from start to finish.

We Search 1000's of Deals

Step 2

We specialise in self employed mortgages in Essex and work with a range of lenders who understand the complexities of self employed income.

Let us do the hard work, so you can focus on your dream home.

It's Time to Submit Your Mortgage Application

Step 3

Our mortgage advisors in Essex will handle the paperwork, ensuring that all the necessary documents are in order.

For self employed mortgages in Essex, we make the process straightforward, keeping you informed every step of the way.

Keeping You and Your Mortgage Protected

Step 4

Our service doesn’t stop once your mortgage is approved.

From insurance options to regular reviews, our mortgage brokers in Essex are here to support you, ensuring that your investment remains secure.

Reasons to Choose Us

Free Mortgage Appointment

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We offer a free mortgage appointment with our expert mortgage advisors in Essex.

Whether you’re self employed or looking for specific mortgage advice in Essex, we’re here to understand your needs and guide you through the process with no obligation.

1000's of Deals

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As a leading mortgage broker in Essex, we have access to thousands of mortgage deals.

Our extensive panel of lenders includes those who specialise in self employed mortgages in Essex, allowing us to find the right deal tailored to your financial situation.

Our Service

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We provide a personalised and comprehensive mortgage service in Essex.

Our mortgage brokers in Essex are committed to making the mortgage process straightforward and stress-free for you, offering tailored advice every step of the way.

7 Days a Week

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Our team of mortgage advisors in Essex is available seven days a week, ensuring that you receive support whenever you need it.

We work around your schedule, making it easier to fit your mortgage process into your busy life, especially for self employed clients in Essex.

Malcolm and Amy Davidson - Mortgage Advice in Essex

We Search 1000s of Self Employed Mortgages in Essex

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Different Types of Mortgages

Fixed Rate Mortgages for the Self Employed in Essex

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Fixed rate mortgages are a popular choice for self employed applicants in Essex, offering stability with set monthly payments over a fixed period.

Mortgage brokers in Essex can help you explore deals tailored to your self employed income, ensuring you find a suitable mortgage with consistent payments.

Offset Mortgages for the Self Employed in Essex

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Offset mortgages allow self employed individuals in Essex to link their savings to their mortgage, reducing the interest paid over time.

This flexible option can be ideal for self employed applicants with fluctuating incomes.

Our mortgage advisors in Essex can guide you through the benefits of this mortgage type.

 

Joint Mortgages for the Self Employed in Essex

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Joint mortgages for self employed applicants in Essex allow you to combine your income with another person, making it easier to secure a mortgage.

A mortgage broker in Essex can find the best deals for joint applicants, helping both parties navigate the unique requirements of self employment.

 

Remortgages for the Self Employed in Essex

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Remortgaging is a great way for self employed homeowners in Essex to switch to a better deal or release equity.

Mortgage advice in Essex from our experienced brokers can help you understand your remortgage options, ensuring you make an informed decision that suits your self employed status.

 

Interest Only Mortgages for the Self Employed in Essex

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Interest only mortgages allow self employed applicants in Essex to pay just the interest each month, keeping payments low.

At the end of the term, the loan balance is due, so it’s important to have a repayment plan.

Mortgage brokers in Essex can help you find the right lender and interest-only mortgage deal.

 

Buy to Let Mortgages for the Self Employed in Essex

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Self employed individuals looking to invest in property can explore buy to let mortgages in Essex.

These mortgages allow you to build an investment portfolio while maintaining flexibility.

Our mortgage advisors in Essex can connect you with lenders offering competitive buy to let deals for self employed applicants.

Mortgage Guides

Essexmoneyman.com & Essexmoneyman 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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