Burger Menu

Self Employed Mortgage Advice in Cardiff

Get your free consultation 7 days a week

029 2010 2804

Discover the possibilities of Self Employed Mortgages!

Sometimes it can feel like self-employed applicants are at a disadvantage when it comes to obtaining a mortgage. Having a self-employed Mortgage Broker in Cardiff by your side is something that will greatly benefit you in your process.

 

When it comes to self-employed lending criteria, there can be a lot of variances. Our in-house mortgage advisors have a great deal of knowledge and experience when it comes to self-employed lending criteria, making sure we get you the best mortgage product and lender for your personal situation.

 

If you are having difficulty with a mortgage, we may also be able to help. Often we find that clients who call have had some difficulties with their bank or high street mortgage lender. This can be down to a variety of reasons, including but not limited to; your income structure, fluctuating net profit or they will not lend enough.

 

If this is the case, it is important to remember that trying various lenders without being 100% sure of their lending criteria can be detrimental to your credit score, possibly harming your chances of obtaining a mortgage in the future.

 

How does it work?Get a quote nowMeet your advisor

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

Mortgage Lenders 001
Mortgage Lenders 002
Mortgage Lenders 003
Mortgage Lenders 004
Mortgage Lenders 005
Mortgage Lenders 006

Self Employed Mortgage Scenarios – Purchase or Remortgage Deals

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

Why should I use a Mortgage Broker in Cardiff?

  • We’re here for to work for you! With our in-depth lending criteria knowledge, we are beneficial to have on your side.
  • It’s our job is to make you feel stress-free and comfortable from your initial enquiry, right through to the end of the process.
  • Customer service is something our mortgage advisors really pride themselves on. Please read our genuine reviews to learn more about our service.
  • Our Mortgage Advisors are able to provide you with a service that best suits you, we’ll work around any work and family commitments.
  • Unlike your bank, we’re able to search 1000’s of mortgage deals on your behalf to find the right one for you.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation will last around 30-60 minutes. During your consultation, you will get to speak with your dedicated Mortgage Advisor in Cardiff. Their job will be to get a better understanding of your mortgage needs and situation so that they can search for the perfect mortgage deal for your personal and financial situation.

Typically, most High Street Lenders will require a 5% deposit from you. However, depending on your credit history, your lender may ask for 10%-15%.

It can still be possible to get a mortgage, even with bad credit problems in the past. Even though it may be a little harder, it isn’t impossible!

You may have to put down a higher deposit if you have bad credit, this could be 10%-15%.

Your first job is to carry out our mortgage Fact Find so that we can get an idea of your mortgage needs and what sort of deals you want to be looking for.

Afterwards, we will book you in with a Mortgage Advisor in Cardiff who will get a couple more pieces of information from you.

Then we can arrrange an Agreement in Principle for you within 24-hours to increase the chances of the seller accepting your offer.

If you’ve found yoru dream home, and are happy with our mortgage recommendation, we can start the mortgage application process! A formal mortgage offer can take longer than 3 weeks, during which, we will keep you informed with the progress of your application.

As a Mortgage Broker in Cardiff, we recommend that our applicants obtain an Agreement in Principle (AIP) as soon as possible. Having an AIP whilst you’re viewing properties can increase your chances of being accepted by the seller. It may also allow an opportunity for price negotiation.

Once you have an Agreement in Principle (AIP) in place, it should last between 30-90 days. If your AIP expires, you can easily renew it by getting back in touch with your Mortgage Advisor in Cardiff.

First of all, your free mortgage consultation should last around 30-60 minutes. Once this is complete, your Mortgage Advisor in Cardiff will obtain an Agreement in Principle for you within 24-hours. Then, if you are happy to proceed with the deal that your advisor has recommended, we can submit your mortgage application. A formal mortgage offer can take on average around 3 weeks to return.

During your mortgage application, you’ll be asked to provide evidencing documents:

– Latest 3 Payslips (Employed), Last 2 years’ Accounts (Self-Employed)
– Latest 3 Months’ Bank Statements
– Latest P60
– Photographic ID

During your mortgage application in Cardiff, if you’re Self-Employed, you’ll need to submit at least one year’s accounts. As a Mortgage Broker in Cardiff, we’ve found that most lenders use your salary plus dividend to calculate the maximum mortgage amount that you can borrow. Although, some lenders may choose to go off your net profit.

Depending on why you want to get a second mortgage, it may be easier to get one than not.

There are various reasons why someone may want a second mortgage, for example:

– Buy to Let
– Debt Consolidation
– Home Improvements
– Second Home
– Marital / Relationship Breakdown

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 Cardiff.

Step 3

Make an offer on the property in Cardiff 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

Cardiffmoneyman.com & Cardiffmoneyman 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 Cardiffmoneyman

Cardiffmoneyman, 33 Cathedral Road, Cardiff, CF11 9HB.

Moneyman Logo







Moneyman Logo




Moneyman Logo







Moneyman Logo

Book your Free Consultation

7 Days 8am - 10pm

Moneyman Logo

Moneyman Logo

Moneyman Logo

Ask Your Question





    Moneyman Logo