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Self Employed Mortgage Advice in Coventry

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We don’t think that it’s fair that employed applicants are likely to have a much easier time buying or remortgaging a home than self employed applicants. Lenders use their own strict lending criteria based on historical risk which is why it’s so important to get tailor-made Self Employed Mortgage Advice in Coventry.

 

When you approach a Mortgage Broker in Coventry like, you can rest assured knowing that we will provide you with our full guidance and support throughout the whole of the Self Employed mortgage journey. Having worked day in, day out with our extensive panel of lenders, we have gained in-depth knowledge of their exact individual lending criteria. We will search through 1000’s of Self Employed mortgage deals in Coventry, eventually finding the perfect one for you and your personal and financial situation.

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
  • Pay structure – i.e. salary, dividends, directors loan, profits in the business
  • Fluctuating net profits
  • A recent change in personal circumstances
  • Sole Trader mortgages
  • Contractor and Freelancer Mortgage Advice

Have you been refused a mortgage by your bank or another high street lender? Perhaps you don’t fit their lending criteria or have a less than perfect credit score? Have you got an unusual or complex situation and need specialist mortgage help? We can help with all of those at Coventrymoneyman, we can’t wait to hear from you.

 

Contact us today and speak to a Mortgage Advisor in Coventry who will help answer all of your Self Employed mortgage questions.

 

Why you should you use a Mortgage Broker in Coventry?

  • We’re on your side! Thanks to our years of knowledge and experience, we know exactly what lenders look for in your  Self Employed mortgage application. A Mortgage Advisor in Coventry will then recommend you in which is the best route to take based on your personal and financial circumstances.
  • We will make sure that you’re relaxed and feel comfortable every step of the way from application to completion.
  • We take pride in offering outstanding customer service, you should take a look at our excellent customer reviews at Reviews.co.uk.
  • We can provide mortgage advice in Coventry either online or over the telephone, whatever is best for you. Additionally, we’ll work around your work and family commitments.
  • Furthermore, unlike your bank, we are able to search 1000’s of mortgage deals on your behalf and are completely unbiased. We do the shopping around for you so your experience with Coventrymoneyman is stress-free.

Are you looking for Self Employed Mortgage Advice in Coventry and need to speak to an expert Mortgage Advisor? Coventrymoneyman is here to help answer all of your mortgage questions, get in touch today!

What our customers say

Common mortgage
questions

Your free mortgage consultation with a Mortgage Advisor in Coventry will last approximately an hour. Once they have evaluated your situation, they will recommend a mortgage for you with no obligation for you to proceed. Based on the deal, you can decide whether or not you want to continue the process with us or not.

As a trusted Mortgage Broker in Coventry, we carry out a fact find to verify your needs before recommending you with a mortgage deal. After a Mortgage Advisor in Coventry has evaluated your situation, they will perform a credit check on you, this is required for an agreement in principle. Then after you have provided all of the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued.

We always advise that you obtain an Agreement in Principle before you start viewing properties in Coventry, to avoid disappointment. If you want to get yourselves a head start, you should get one prior to making an offer.

Typically, an agreement in principle lasts for between 30 and 90 days, however, this can change depending on your lender. If your agreement in principle expires, you can renew it quite easily.

Yes, you can get a second mortgage. Whether this is for debt consolidation or home improvements, this is possible. It is also possible to take out a second mortgage on a second property but only if it is own use, the use of a family member, a holiday home or a Buy to Let.

To buy a property, the minimum deposit that you will need with high street lenders is usually 5%. This percentage can be higher if you have previous credit problems.

It will be harder but yes you can. You will have to show that you can afford a mortgage by putting down a higher deposit, perhaps 10% or 15% of the purchase price.

Yes, however, you must submit at least one years’ accounts. Most lenders use your salary + dividend to calculate the maximum mortgage, whereas other lenders could base it of your net profit.

If you are an employee, you will need to provide three payslips to prove your income. If you are self employed, you will have to prove for the latest 2 years’ accounts. Along with this, you must produce proof of ID, address and 3 months’ bank statements.

Our free mortgage consultation will take about an hour. Once this is one, we can arrange an Agreement in Principle for you within 24 hours. A formal offer takes up to three weeks on average.

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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 Coventry.

Step 3

Make an offer on the property in Coventry 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.

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Coventrymoneyman.com & Coventrymoneyman 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 Coventrymoneyman

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