Self Employed Mortgage Advice in Essex | Self Employed Essex

Self Employed Mortgage Advice in Essex

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Advice for Self Employed Mortgages in Essex

Whether you’re a company director or a sole trader, you may have noticed that some high-street lenders have stricter lending criteria for applicants looking to obtain a self employed mortgage in Essex. This is because you’ll need to provide further evidence that you have a reliable income.


The good news is there are numerous of ways to provide that you have reliable income to a mortgage lender it’s just a case of jumping through a few extra hoops. With the help of our Mortgage Advisors in Essex, they will provide you with expert advice and search 1000’s of products to find you the most suitable deal to match your current circumstances.


There are plenty of ways to prove that you have a reliable income to a mortgage lender. The good news is you have a chance of obtaining a mortgage. It’s just a case of jumping through a few extra hoops.


We always recommend new/ existing customers to pursue expert Mortgage Advice in Essex before starting your mortgage process. No matter what type of business owner you are, we believe the service from a Mortgage Broker in Essex will help to find you the most suitable self employed mortgage to match your current circumstances.


We have helped many self employed applicants like yourselves get onto the property ladder. If you feel that your case is a bit complex, the good news is chances are that our Mortgage Advisors in Essex have likely encountered applicants in similar situation like yours at some point before.


Our Mortgage Advisors in Essex will guide you during the entire self employed mortgage process, providing open and honest Mortgage Advice in Essex and doing our best to increase the odds of achieving your mortgage goals.


Expert Mortgage Advice in Essex

If you are looking to obtain a mortgage and want to know your options, book your free mortgage appointment today to speak with one of our dedicated Mortgage Advisor in Essex. We have worked alongside many self employed applicants in Essex, like yourself, obtain a mortgage. Some in similar or different scenarios and still helped them get onto the property ladder.


We aim to help as many self employed applicant as we can, by securing them the most suitable deal. We do this by utilising our knowledge of various lending criteria, which we’ve built up quite the track record in finding success with this. The main different between how lender access a self employed applicant in Essex to a fully employed applicant is how you evidence your income.


For example, you can sufficiently evidence everything and remain honest to yourself and the lender. In luck, you’ll hopefully run through the process smoothly and find success, just like any employed applicant would.


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 Scenarios for Self Employed Mortgages in Essex

We have helped a lot of self employed applicants obtain a mortgage, all of whom benefited the service our Mortgage Advisors in Essex provide. Below we have put together a list of popular mortgage scenarios that our Mortgage Advisors in Essex come across when speaking to Self-Employed applicants:

  • You are a self employed business owner, whose income is made up of a combination of either salary, dividends or directors’ loan.
  • Currently your company is experiencing a particularly busy business period and you require the services of a Mortgage Advisor in Essex to help you through your mortgage process.
  • You prefer to leave the majority of your net profit within your company, instead of choosing to paying yourself a much bigger salary.
  • At the moment, your business has only been trading for lunder a year.
  • Despite having a really good credit score, you been declined from the banks’ strict lending criteria.
  • You are the owner of a company, a director, a sole trader or are a business partner, requiring self-employed Mortgage Advice in Essex.
  • The bank is putting a limit on the maximum amount you can borrow, which is less than the amount you were hoping.
  • You have an unsteady net profit.

We tend to find self employed applicants who tried to go to their bank for Mortgage Advice in Essex is but got declined. This is because the banks have automated systems. Unfortunately, no matter how many years you have been banking with them or how much goes into your account, there’s not a lot you can do if you get declined.


When you are encounter any mortgage hurdles, you may benefit the helped from a Mortgage Broker in Essex, like ourselves. We can take a look at your case, matching up your needs and your current financial status to various lenders mortgage criteria. It is our hope that in doing so, we will help your mortgage journey to continue.

Self Employed Mortgages in Essex & Bank Mortgage Advice

The majority of high street mortgage lenders use their own in-house credit scoring policies in order to determine whether or not a customer can take out a mortgage with them. These credit scoring policies are usually based on the history of that mortgage lender during their time within the industry.


They will look at previous statistics for mortgage repayments, any repossession information and other patterns, in order to figure out what, to them, is considered high-risk lending. In the past it’s been shown that Self Employed applicants have fallen into arrears a lot more often than regular employed applicants, making their process slightly more difficult.


Not to mention, some high street lenders have very strict lending criteria, with a lot of them wanting to see your profits increase over a minimum of three years accounts. Some may take a three-year average instead.


This isn’t the case with all mortgage lenders (some may only require one years’ worth), it’s always better to have more to hand, just in case. The reason for this is that it will likely increase your chance of mortgage success.

Mortgage Advice for Self Employed Mortgages in Essex

When you’re looking to obtain a self employed mortgages in Essex, every lender can have their own different lending criteria. Our experienced Mortgage Advisors in Essex always work hard to make sure that you are matched up with the most suitable mortgage deal for your personal circumstances.


As Mortgage Advisors in Essex, we offer a service that is tailored to our customers and their individual circumstances. Customers are the heart of this company; we will always have your best interests throughout the process.


During our time as a Mortgage Broker in Essex for over 20 years, we have an extensive knowledge when it comes to helping limited company owners, sole traders and partners that receive a salary, dividends or a mixture of the two. We use our expertise to find our customers solutions for their mortgage problems.

Having Mortgage Problems?

We regularly converse with customers who for one reason or another, have found difficulty in approaching their bank for a mortgage. Some of the reasons they have been given for this include;

  • Failed banks criteria
  • Bank won’t lend enough
  • Pay structure
  • Credit score
  • Fluctuating net profit
  • Personal situation

Here at Essexmoneyman, we provide nothing but open and honest Mortgage Advice in Essex. Which is why we would always recommend that you refrain from approaching various different lenders by yourself, especially if you are unsure of how their lending criteria works. If you attempt to do this yourself and come up short, you could negatively affect your credit score and potentially harm your chances of getting a mortgage at some point in the future.

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Common mortgage

Your free initial mortgage consultation in Essex will last roughly around one hour. Your mortgage advisor will then recommend a mortgage for you with no obligation for you to proceed and you are then able to decide whether or not you wish to go ahead with the mortgage.

As your mortgage broker in Essex, we will need to carry out a Fact Find to establish what your needs are, prior to us recommending the most suitable mortgage for you and your circumstances. A credit check will be required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you will be able to receive a formal mortgage offer.

To avoid the potential of having an offer rejected, we recommend you obtain an Agreement in Principle before viewing properties in Essex. We recommend that at the very latest, you should obtain one before you look at making an offer, as this can assist your bargaining position.

Your Agreement in Principle will usually last for between 30 and 90 days, depending on the lender that you go with. If it happens to expire, your mortgage broker in Essex can easily refresh this.

If you’re thinking about the future of your property, whether you’re looking at debt consolidation or home improvements, you may eligible for a second mortgage. This may also be a possible option if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

The minimum deposit required by a high street lender when purchasing a house in Essex, is typically 5%. If you have had past credit issues, this could be higher.

If you have had previous credit problems, the good news is you can still get a mortgage, though you may possibly have to put down a higher deposit than those with good credit, often around 15% of the property purchase price.

Once you have put forward at least one year’s accounts, you will be able to get a mortgage. A vast amount of lenders will use your salary plus dividend to determine the maximum mortgage you are eligible for, whereas others may go off your net profit.

For an employee to prove their income, they’re usually required to provide three payslips, whilst for self-employed applicants they’ll need the latest 2 years’ accounts. You will also need to present the lender with proof of ID, address and the latest 3 months’ bank statements.

When you engage in a free mortgage consultation with one of our Mortgage Advisors in Essex, your discussion will take around one hour. Our team can usually produce an Agreement in Principle within 24 hours of your appointment and achieve a formal mortgage offer within three weeks.

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 Essex.

Step 3

Make an offer on the property in Essex 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 & Essexemoneyman 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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR

Essexmoneyman, Elizabeth House, 28 Baddow Road, Chelmsford, Essex, CM2 0DG.

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