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If you work for yourself, applying for a mortgage can come with a few extra steps.
A self employed mortgage in Colchester is designed for people who don’t receive a fixed monthly salary, including sole traders, limited company directors and contractors.
You’ll usually need to provide more detailed documents to show your income, such as tax calculations, business accounts or bank statements, depending on how your finances are structured.
As a mortgage broker in Colchester, we’ve helped many self employed clients find the right mortgage.
We know how to present your income in a way that makes sense to lenders and will work with you to secure a deal that supports your plans.
Getting a mortgage when you’re self employed in Colchester can involve more checks than a standard application.
Lenders will want to be sure your income is stable and that you can comfortably manage the monthly payments.
You may be asked to provide two or more years of income records, along with other documents that confirm the consistency of your earnings.
This doesn’t mean you have fewer options, but it does mean your application needs to be well prepared.
Our mortgage advisors in Colchester will guide you through every step.
We’ll explain what lenders need to see, help you organise your documents, and make the process feel more straightforward.
Working with a mortgage broker in Colchester can make a real difference if you’re self employed.
We have access to a wide range of lenders, including those who offer mortgages for people with flexible or non-traditional income.
We’ll help you prepare the right paperwork, such as tax summaries, business accounts or evidence of retained profits, and make sure your application shows your income clearly.
Our team will search thousands of mortgage deals to find one that matches your circumstances.
We’ll be on hand throughout, offering advice and support tailored to how you work and what you’re aiming to achieve.
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 Colchester work similarly to standard mortgages, but there are usually a few more steps involved in proving your income. Lenders want to see that your earnings are steady and consistent, even if they don’t come from a traditional salary.
You’ll typically need to provide two years of financial documents, such as tax calculations, business accounts and bank statements. These give lenders a clearer view of how your income is structured and whether it’s likely to continue.
Our mortgage advisors in Colchester can help you prepare everything that’s needed and connect you with lenders who are comfortable working with self employed applicants.
Yes, it is possible to get a self employed mortgage in Colchester with just one year of accounts, although your options may be a little more limited. Most lenders prefer a longer track record, but some are open to newer businesses, especially if the figures are strong and your wider application is solid.
We’ll help you explore which lenders are more flexible with shorter trading histories. Our team will also guide you through what can be done to strengthen your case and improve your chances of being approved.
When applying for a self employed mortgage in Colchester, lenders will want clear proof of income. This usually includes your tax returns, business accounts and bank statements. In some cases, they may also ask for an accountant’s certificate or other supporting documents.
Most lenders will ask for records from the past two or three years, although some may accept less if your business is strong. We’ll help you understand exactly what’s needed and make sure everything is in place before you apply.
Getting a mortgage as a self employed applicant in Colchester can involve more checks, but with the right preparation, it’s completely achievable. Lenders are simply looking for reassurance that your income is stable and that you can manage the repayments.
Some may take a cautious approach, especially if your income varies. That’s why it helps to work with a broker who understands how to present your case effectively.
Our team in Colchester work with lenders who are familiar with self employed applications and can help you find a mortgage that matches your setup and goals.
The amount you can borrow as a self employed applicant in Colchester will depend on your income, outgoings and how your business finances are structured. Most lenders work out an average of your earnings over the past two or three years to decide what’s affordable.
If your income varies or includes dividends or retained profits, that may also affect how much you can borrow. We’ll help you make sense of the numbers and give you a clear estimate based on your personal situation.
Our mortgage advisors in Colchester are here to guide you through the process and help you move forward with confidence.
Yes, it is possible to get a self employed mortgage in Colchester even if you’ve had credit issues in the past. Lenders will look at your credit history, consider any previous problems, and assess how stable your finances are today.
Some lenders specialise in working with applicants who have experienced missed payments, defaults, or other credit challenges. If your income is consistent and your recent financial track record is steady, there may still be mortgage options available.
We’ll help you explore these and guide you through building a strong application that reflects your current circumstances.
You don’t always need a larger deposit just because you’re self employed, but saving more can often work in your favour. A higher deposit can reduce the lender’s risk, which may help you access better rates or a broader range of products.
If your income is variable or you’ve had credit challenges in the past, a larger deposit can also strengthen your application.
Our mortgage advisors in Colchester will help you understand how deposit size could affect your borrowing options and what approach might suit your plans best.
If you’re self employed and applying for a mortgage in Colchester, working with a broker can give you an edge. We have access to lenders who understand how self employed income works and offer products tailored to people in your position.
We’ll take time to learn about your business and help you present your income clearly and accurately. From gathering the right documents to finding the most suitable deal, we’re here to guide you at every stage.
Our job is to make the process feel clear and manageable, and to help you move forward with confidence.
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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 Colchester, ensuring a smooth process from start to finish.
We specialise in self employed mortgages in Colchester 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 Colchester will handle the paperwork, ensuring that all the necessary documents are in order.
For self employed mortgages in Colchester, 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 Colchester 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 Colchester. 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 Colchester, 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 Colchester, 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 advice and support provided from the first step to completion.
Our team of mortgage advisors in Colchester 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 Colchester. They provide stability with predictable monthly payments, which can be especially useful when income varies from month to month.
Locking in your interest rate for a set period allows you to plan ahead and manage your budget more effectively. For many business owners, this consistency makes a real difference.
Our mortgage advisors in Colchester will help you explore fixed rate options that fit your income and financial goals, so you can choose a deal that offers peace of mind.
Offset mortgages can be a smart option for self employed individuals in Colchester, particularly if you maintain a healthy savings balance. This type of mortgage links your savings to your mortgage, which helps reduce the interest you pay and could shorten your repayment term.
For those with fluctuating income, offset mortgages also offer added flexibility. You can change your savings contributions without affecting your monthly mortgage payments.
We’ll talk you through how these mortgages work and help you find lenders who offer offset features suitable for self employed applicants.
Applying for a mortgage jointly with a partner or family member can make homeownership more accessible, especially if one of you is self employed. Lenders will combine both incomes to assess how much you can borrow.
In Colchester, we often help self employed clients applying for joint mortgages. We guide you through the paperwork, explain how your income will be assessed, and identify lenders who are comfortable with non-salaried income structures.
Our team will help you prepare everything needed to move forward confidently with a joint application.
Remortgaging can be a useful step for self employed homeowners in Colchester. Whether you’re looking to secure a better rate, release funds for improvements, or access equity for other plans, we’ll help you explore your options.
Lenders will want to see that your business is stable and that your income is consistent. This often means providing more detailed financial documents than a standard application.
We’ll manage the process for you and work with lenders who understand self employed income, helping you find a remortgage that supports your long-term plans.
Interest only mortgages allow self employed clients in Colchester to keep monthly payments lower by covering only the interest each month. These mortgages can suit people with uneven income or those planning to repay the loan using other assets.
Since the full loan amount remains unpaid during the term, it’s important to have a clear repayment strategy in place.
We’ll help you assess whether this option fits your plans and introduce you to lenders who offer interest only products designed with self employed applicants in mind.
If you’re self employed and planning to invest in property, buy to let mortgages in Colchester can be a great way to build income over time. These mortgages focus primarily on the rental income a property can generate, rather than just your personal earnings.
Lenders may ask for more financial detail, but many are open to applicants with variable or business-based income.
We’ll help you understand how buy to let mortgages work, recommend suitable lenders, and support you throughout 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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