Burger Menu

Self Employed Mortgage Advice in Birmingham

Get your free consultation 7 days a week

0121 595 0187

Discover the possibilities of Self Employed Mortgages!

Sometimes you don’t know what to expect with the whole home buying process. It can often be unpredictable and a little frightening, especially if you are Self Employed. If you’re a Self Employed applicant it is often deemed harder to obtain a mortgage when compared to an employed applicant doe to the scoring process of Lenders. But there’s no need to worry, your Local Mortgage Broker in Birmingham will be there to support you through the whole process, talk you through what happens and always be at the other end of the phone when you need us.

 

Often, when buying a home, things don’t always go to plan that’s why having a Self Employed Mortgage Expert in Birmingham on your side will prove incredibly helpful. If you work for yourself, our Mortgage Advisors in Birmingham will help you organise all the paperwork that you may need and we’ll find the right lender and criteria for you.

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

Popular Self Employed Scenarios:

  • Limited Company owners or Sole Trader mortgages
  • Income structure – i.e. dividend, salary, mixed-income, retained profit, directors loan
  • Fluctuating net profit
  • A change in your personal situation
  • Contractor or Freelancer Mortgage Advice
  • Has your bank refused you a Mortgage? i.e. poor credit, the bank won’t lend enough, lending criteria, auto-decline etc.
  • Have you got a strange or complex Mortgage situation and are wanting help?

Why you should use a Mortgage Broker in Birmingham?

Our Mortgage Advisors in Birmingham will help and support you anytime you need them, 7 days a week! The home buying process isn’t always easy so we’ll make sure to help you over any hurdles you face.

 

We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress, whatever the situation.

 

Please read our genuine customer Reviews at Reviews.co.uk. Your service is really important to us and is what keeps us going!

 

Mortgage Advice in Birmingham is available mornings, afternoons, evenings and weekends – whichever one fits best with your work and family.  It’s the same service either way!

 

We’re not like a bank – We’re able to search 1000’s of mortgage deals in order to recommend the best one for you!

 

We’ll help you with any existing mortgages and properties in the background, and the options available with these if required.

What our customers say

Common mortgage
questions

Your free mortgage consultation in Birmingham will last approximately one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to go ahead.

As your mortgage broker in Birmingham, we carry out a Fact Find to establish your needs prior to recommending the most suitable mortgage for you. A credit check is then required for an Agreement in Principle and then once you have provided all the relevant documentation and a valuation of the property has been carried out a formal mortgage offer can be issued

Our Mortgage Advisors in Birmingham recommend that you try and get your Agreement in Principle before you take up the decision of starting to view properties in Birmingham, to avoid disappointment. At the very latest you should obtain one prior to making an offer to assist your bargaining position with the seller.

An Agreement in Principle typically lasts for between 30 and 90 days depending on the Lender. If your Agreement in Principle expires it can always be refreshed.

It can be possible to get a second mortgage on your home for debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if it is for your own use, the use of a family member, a holiday home or a Buy to Let.

To purchase a house in Birmingham. The minimum deposit with High Street Lenders is typically 5% but this can be higher if you have had previous credit problems.

If you have had credit problems you can still get a mortgage but you may need to put down a higher deposit than usual, perhaps 15% of the purchase price.

You can get a mortgage once you have submitted at least one year’s accounts. Most Lenders use your salary + dividend to calculate the maximum mortgage whereas others go off your net profit.

To prove income it’s usually three payslips for an employee and the latest 2 years’ accounts for self-employed. In addition you will need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours and a formal mortgage offer takes about three weeks on average.

Previous

Next

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 Birmingham.

Step 3

Make an offer on the property in Birmingham 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

Birminghammoneyman.com & Birminghammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2020 Birminghammoneyman

Birminghammoneyman - Eleven Brindley Place (2nd Floor), 2 Brunswick Square, Birmingham, B1 2LP

Moneyman Logo

Book your Free Consultation

7 Days 8am - 10pm

Moneyman Logo

Moneyman Logo

Moneyman Logo

Ask Your Question