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If you work for yourself, you might already know that applying for a mortgage can come with a few extra steps.
A self employed mortgage in Chelmsford is tailored for applicants who don’t receive a fixed salary, such as sole traders, limited company directors or contractors.
Unlike standard applications, you’ll typically need to provide more detailed evidence of your income.
This might include tax calculations, bank statements or full sets of business accounts, depending on how your work is structured.
As a mortgage broker in Chelmsford, we’ve helped many self employed clients through the process.
We understand how to present your finances clearly to lenders and will work with you to find a mortgage that reflects both your income and your ambitions.
Getting a mortgage when you’re self employed in Chelmsford can involve more checks, mainly because your income isn’t always the same month to month.
Lenders want to see that your earnings are reliable and that you can manage the repayments over time.
This means they’ll often ask for more documentation and may want to see two or more years of income history.
That doesn’t mean your options are limited, but it does mean your application needs to be prepared carefully.
Our mortgage advisors in Chelmsford understand how to present your case in the right way.
We’ll explain what lenders are looking for, help you gather everything you need, and make the whole process much easier to manage.
Using a mortgage broker in Chelmsford can be especially helpful if you’re self employed.
We have access to a broad range of lenders, including those who specialise in mortgages for people with flexible or non-traditional income.
We’ll help you prepare all the necessary paperwork, whether that’s tax documents, business accounts or proof of retained profits, and make sure your application reflects your earnings clearly and accurately.
Our team will search through thousands of mortgage deals to find one that fits your situation.
We’ll support you every step of the way, providing advice that’s tailored to how you work and what you’re aiming for.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
Self employed mortgages in Chelmsford work in much the same way as standard mortgages, but with a few extra steps when it comes to proving your income. Lenders want to see that your earnings are steady and reliable, even if they don’t come from a traditional salary.
You’ll usually be asked to provide at least two years of financial records, including tax calculations, business accounts, and bank statements. These documents help lenders understand how your income flows and whether it’s likely to continue.
As mortgage brokers in Chelmsford, we’re here to help you pull together the right paperwork and connect you with lenders who understand the way self employed income works.
It is possible to get a self employed mortgage in Chelmsford with only one year of accounts, although your options may be more limited. Many lenders prefer to see two or more years of income history to get a full picture of your financial track record.
That said, some lenders are open to applicants who have been trading for a shorter period, especially if your recent figures are strong and the rest of your application is solid.
Our mortgage advisors in Chelmsford will help you explore lenders who are flexible with newer businesses and guide you through the steps you can take to improve your chances.
When applying for a self employed mortgage in Chelmsford, the main thing lenders want to see is clear evidence of income. This usually includes your tax returns, bank statements, and detailed business accounts. Some lenders may also request an accountant’s certificate or other supporting documents.
Most lenders will ask for two to three years of records, although there are exceptions depending on your trading history and the overall strength of your finances.
We’ll explain exactly what paperwork is needed and help you get everything in order, so you can approach your mortgage application with confidence.
Getting a mortgage as a self employed applicant in Chelmsford can come with a few more checks than it might for someone on a set salary. This is mainly because lenders want reassurance that your income is stable and that you’ll be able to manage the repayments.
Some lenders may take a more cautious approach, which is why having the right support can make such a difference.
Our team in Chelmsford understand the process and work with lenders who are open to self employed clients. We’ll help you find the most suitable route based on your income, business setup, and goals.
The amount you can borrow with a self employed mortgage in Chelmsford will depend on your income, your outgoings, and how your finances are structured. Most lenders will calculate an average of your earnings over the last two or three years to determine your borrowing range.
This figure helps them decide what’s affordable based on their criteria, and it may vary slightly depending on how your business income is reported.
We’ll look closely at your numbers and give you a more tailored estimate of how much you could borrow. Our advisors in Chelmsford are here to make the numbers clear and support you in setting a realistic budget for your property plans.
Yes, even with a history of bad credit, it may still be possible to secure a self employed mortgage in Chelmsford. Lenders will review your credit report, look at any past issues, and assess how your finances look now.
Some lenders specialise in helping applicants with less-than-perfect credit, and they may be willing to take a more flexible view if your recent financial behaviour is stable and your income is consistent.
We’ll talk you through your options and help you build a strong application. Our experience with both credit challenges and self employed cases means you’ll have the right support at every stage.
You don’t always need a larger deposit just because you’re self employed, but having more saved can often help your application stand out. A higher deposit can reduce the lender’s risk and might give you access to better interest rates or a wider choice of products.
If your income is more variable or your credit history has had issues in the past, a larger deposit may also help balance things out.
We’ll guide you on what size deposit is likely to work best in your situation. Our mortgage advisors in Chelmsford will also explain how deposit size can affect your borrowing and your monthly repayments.
If you’re self employed and looking for a mortgage in Chelmsford, using a broker can give you a real advantage. We work with a wide range of lenders, including those who understand self employed income and offer products designed specifically for clients in your position.
We’ll take the time to understand your business, help you prepare the right documents, and make sure your income is presented clearly to lenders.
From your first enquiry through to getting the keys, our team will be by your side. We search thousands of mortgage deals and guide you every step of the way, offering advice that works for your setup and your future plans.
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Evan
Couldn’t be happier with the service from Jason and Stacey. Very professional and so helpful. Highly recommend this company. Thanks for everything
1 month ago
Richard
Very good service and excellent communication - definitely recommended
1 year ago
Shane
I cannot praise this team enough, they have been amazing. Especially Tom who went above and beyond to sort out my really complex mortgage and get me a deal which meant I could move to my new house. I would thoroughly recommend Essexmoneyman, they...
2 years ago
Shane
I cannot praise this team enough, they have been amazing. Especially Tom who went above and beyond to sort out my really complex mortgage and get me a deal which meant I could move to my new house. I would thoroughly recommend Essexmoneyman, they...
5 years ago
Imogen
We shopped around trying to find the most suitable deal, should have come straight to Essexmoneyman, Nathan and Laura found me a perfect mortgage. When we had picked our product, they were speedy in ensuring they processed our applications quickly...
2 years ago
Imogen
We shopped around trying to find the best deal, should have come straight to Essexmoneyman, Nathan and Laura found me a perfect mortgage. When we had picked our product, they were speedy in ensuring they processed our applications quickly and taking...
5 years ago
Jim
Matt and anna made the whole process super easy during the pandemic. as first time buyers we were worried but they made sure we were able to enjoy our first home together. thank you !!
2 years ago
Jim
Matt and anna made the whole process super easy during the pandemic. as first time buyers we were worried but they made sure we were able to enjoy our first home together. thank you !!
5 years ago
During this appointment, we’ll discuss your self employed income, financial situation, and mortgage goals.
Our team provides tailored mortgage advice in Chelmsford, ensuring a smooth process from start to finish.
We specialise in self employed mortgages in Chelmsford 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.
Our mortgage advisors in Chelmsford will handle the paperwork, ensuring that all the necessary documents are in order.
For self employed mortgages in Chelmsford, we make the process straightforward, keeping you informed every step of the way.
Our service doesn’t stop once your mortgage is approved.
From insurance options to regular reviews, our mortgage brokers in Chelmsford are here to support you, ensuring that your investment remains secure.
We offer a free initial mortgage appointment with one of our expert mortgage advisors in Chelmsford. Whether you’re self employed or simply looking for advice that suits your situation, our team are here to listen, offer clarity, and explain what’s possible.
This appointment comes with no obligation, giving you a chance to explore your options and ask any questions in a relaxed setting.
As a mortgage broker in Chelmsford, we have access to a large panel of lenders, including those who offer products specifically for self employed applicants.
This wide range allows us to search thousands of mortgage deals and recommend a product that fits your financial setup and property plans.
We provide a fully personalised mortgage service in Chelmsford, designed to make your experience as smooth as possible.
Our mortgage advisors take time to understand your situation and offer advice that’s shaped around your needs, with guidance and support provided from the first step to completion.
Our team of mortgage advisors in Chelmsford are available 7 days a week to offer flexible support whenever you need it.
We work around your schedule to make the mortgage process easier to manage, especially if you’re self employed or balancing other commitments.
Fixed rate mortgages remain a popular choice for self employed applicants in Chelmsford. They offer peace of mind through predictable monthly payments, with the interest rate locked in for a set period.
For many, this consistency is especially helpful when managing a business or budgeting around variable income. It gives you a stable foundation to plan your finances with more confidence.
Our mortgage advisors in Chelmsford will explore fixed rate deals that suit your income structure, helping you choose a mortgage that offers both certainty and value.
Offset mortgages can be a smart option for self employed individuals in Chelmsford, particularly if you keep a healthy balance in your savings account. This type of mortgage allows you to link your savings to your mortgage balance, reducing the interest charged and potentially shortening your repayment term.
For those with fluctuating income, the flexibility of offset mortgages can be especially useful. You can adjust your savings contributions without affecting your monthly mortgage commitment.
We’ll explain how offset mortgages work and help you find lenders who offer this feature for self employed applicants.
A joint mortgage can make it easier to buy a home, especially if you’re self employed and applying alongside a partner or family member. Lenders will look at both incomes, combining them to calculate the maximum borrowing amount.
In Chelmsford, we regularly support self employed clients applying jointly, helping them navigate the added paperwork and lender requirements that can come with this setup.
Our team will help you understand how your income is assessed, what documents are needed, and which mortgage products are most suitable to your joint application.
Remortgaging can be a practical move for self employed homeowners in Chelmsford. Whether you’re looking to switch to a better rate, raise funds for home improvements, or access equity from your property, there are options available.
Lenders will want to see that your income is consistent and that your business is stable. That means providing detailed records and sometimes extra documents, depending on your circumstances.
We’ll take care of the application process, work with lenders who understand self employed income, and help you choose a remortgage that supports your future plans.
Interest only mortgages give self employed clients in Chelmsford the ability to keep monthly repayments low by paying only the interest on the loan. This can be useful for those with uneven income patterns or those planning to repay the full balance using other assets.
Because the capital remains unpaid during the term, it’s important to have a clear repayment strategy in place for the end of the mortgage.
Our advisors will talk through your options and help you find lenders who are comfortable offering interest only products to self employed applicants.
If you’re self employed and interested in investing in property, buy to let mortgages in Chelmsford could be a good way to grow your income over time. These mortgages are based largely on the rental income the property can produce, making them a popular choice for those who want to build a portfolio.
As a self employed landlord, you may need to provide more detailed financial documents, but there are lenders who understand the nature of your income and are happy to consider your application.
We’ll help you explore competitive buy to let deals that fit your investment goals and guide you through the application process from start to finish.
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Essexmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Essexmoneyman 2025.
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Essexmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Essexmoneyman 2025.
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