Self Employed Mortgage Advice in Cardiff | Cardiffmoneyman

Self Employed Mortgage Advice in Cardiff

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Advice for Self Employed Mortgages in Cardiff

As a Self Employed applicant, unfortunately, it can be a little more difficult to get a mortgage. This is not down to the process; this is down to the number of documents that you have to supply as evidence of your income.


First of all, lenders will want to see at least one years’ accounts and bank statements of more than three months. More lenders are also beginning to factor in net profit to determine whether you are a suitable applicant or not.

A regular mortgage applicant will have their affordability and income assessed, however, a Self Employed applicant will also have their business assessed on top of this. We have been helping Self Employed applicants achieve their mortgage dreams for over 20 years now, and we want to help you next. As your Mortgage Broker in Cardiff, our job is to get you through the process and help you achieve a great Self Employed mortgage product for you and your personal circumstances.

1000s of Self Employed Mortgage Products

We have a large number of lenders on panel that each hold Self Employed mortgage products. We will try our best to pick out the best one for you.


Whether this is your first experience buying a home as a Self Employed applicant in Cardiff, or you’ve done this before and want to move home, we still think that our services will benefit you. Our aim is to try and save you time and money; we will be 100% transparent with you at all times.

All Self Employed applicants, no matter their situation, can benefit from a free mortgage appointment. We have specialist Self Employed Mortgage Advisors in Cardiff available 7 days a week to answer all of your questions.

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 Scenarios for Self Employed Mortgages in Cardiff

Our 20 years in the industry have shown us that Self Employed can often get the short end of the stick when it comes to mortgages, but we are here to help! We will support you from the start of your process right through until you get the keys to your new property.


As a Mortgage Broker in Cardiff, we come across lots of different types of Self Employed mortgage situations:


  • You own a business and your income is made up of a combination of either salary, dividends or directors’ loan.
  • Your company is currently dealing with a high volume of customers and you require the help of a broker to take off some of the stress of getting a mortgage and the process involved.
  • You want to keep the business’ net profit within your company, as opposed to paying yourself a much bigger salary.
  • Your company has been trading for less than a year.
  • You’re unable to match the lender’s strict lending criteria.
  • You just want to ask a question or get Self Employed Mortgage Advice in Cardiff.
  • The bank has limited the amount that you can borrow and you need more than this amount.
  • You have an unsteady net profit.


Rather than going to your local bank and getting declined due to strict lending criteria, it could be wise to use a Mortgage Broker in Cardiff to help you through your process. We can try to help you in each of these specialist situations, only putting you forward for products and deals once we know that you match the criteria.


Self Employed Mortgages in Cardiff & Bank Advice

Each lender is different and has their own in-house credit scoring system to determine whether or not you qualify for one of their products. This is why we advise that you do not keep applying to lots of different lenders; if a lender declines you, it will be for a reason, and the more that you get declined, the more likely it is that you will damage your credit score. This is why you need to be careful when applying to lots of different lenders.


If you have any, lenders will look at previous statistics for mortgage repayments, repossession information, and business and spending patterns when deciding whether to qualify your application. Lenders are playing a game of risk when lending to some Self Employed applicants, and that’s why they will ask for more evidence of your income and assess your business.

Mortgage Advice for Self Employed Mortgages in Cardiff

Follow our ‘Book Online’ form and book yourself in for a free mortgage appointment; Self Employed Mortgage Advice in Cardiff is around the corner!


We have advisors in Cardiff that can take on your Self Employed mortgage case. We don’t just give you advice, we stand with you from start to finish to make use that you receive the best experience possible!

Having Mortgage Problems?

If you are having these types of experiences, you may need a Mortgage Broker in Cardiff to help you:


  • Are you failing to meet lender criteria?
  • Are the banks not lending enough?
  • Do you have a poor payment structure?
  • Is your credit score poor or needs improving?
  • Do you have a fluctuating net profit?
  • Is a personal situation such as a divorce or separation impacting your application?


It’s important that we offer a helping hand, we know how it feels to be in the middle of a complex mortgage case and not know what to do. We also deal with specialist mortgage scenarios and can give you Mortgage Advice in Cardiff that could help you with your situation or get over that hurdle.


Get in touch with our fantastic mortgage team in Cardiff and see how we can help. It takes less than one minute to fill out our contact form and book a mortgage appointment, try it for yourself!

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Common mortgage

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

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.

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Authorised and Regulated by the Financial Conduct Authority.
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The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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