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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.

 

Self Employed Mortgage Advisor 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, hopefully 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:

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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

Once your free mortgage consultation is complete, we can arrange an Agreement in Principle for you. We can usually get you one within 24-hours of your application.

We will then try and find you a perfect deal for your individual situation. If you want to proceed, we can get your mortgage application ready for submission. Once submitted, a formal offer usually takes more than three weeks.

To back up your mortgage application, you’ll have to provide some evidential documents. This will include things like ID, bank statements, your latest P60 and payslips.

Your dedicated Mortgage Broker in Coventry will go through every step with you to make sure that you get it right!

Yes, you can get a mortgage as a Self Employed applicant, however, you must be able to submit at least one years’ accounts. Not all, but most lenders will use your salary plus dividend to work out the maximum mortgage amount that you can borrow. Sometimes, lenders will also go off your net profit.

It may require you to try and obtain a specialist product, however, yes, it can be possible to get a mortgage despite having bad credit. As a Mortgage Broker in Coventry, in the past, we’ve seen lenders request 10%-15% deposits.

This all depends on the property price and your credit rating. However, in most cases and if you have good credit, most high street lenders will require a minimum of a 5% deposit.

Yes, you can get a second mortgage in Coventry. Here are the most common reasons why people want a second mortgage:

– Debt consolidation
– Home improvements
– Buy to Let
– For a better deal
– Divorce/Separation

Even if your situation isn’t on this list, still feel free to get in touch and we will if we can help.

Usually, depending on the lender that you’ve used, your Agreement in Principle will last anywhere between 30-90 days. If your Agreement in Principle expires, you can easily renew it. If you get in touch with your Mortgage Broker in Coventry, they can arrange this.

Obtaining an Agreement in Principle (AIP) is a crucial part of the mortgage process. As a Mortgage Broker in Coventry, we advise that you get one prior to viewing properties.

Having an AIP in place nice and early could allow you to negotiate prices when making an offer. Of course, you will need to back up your affordability for a mortgage. You are only agreed in principle of providing evidential documents to support your application. Our team can help you with this.

The mortgage process can be made simple by using a Mortgage Broker in Coventry like us. Our mortgage process includes a simple fact find, a free mortgage consultation, then application submission. We can arrange an Agreement in Principle within 24-hours of all of this. We just need some evidential documents from you then we can get the ball rolling!

Your free initial mortgage consultation in Coventry will last around an hour. Firstly, your Mortgage Advisor in Coventry will get some information from you to find out about your mortgage needs and situation. Once we have some details from you, we can begin looking for mortgage deals.

Your dedicated Mortgage Advisor in Coventry will search through 1000’s mortgage deals, trying to find one that matches your personal and financial mortgage situation. If we find a deal, we’ll recommend you with the product. If you are happy to continue, we can get the ball rolling with your mortgage application.

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.

© 2021 Coventrymoneyman

Coventrymoneyman – Sherbourne House, Humber Avenue, Coventry, CV1 2AQ

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