Self Employed Mortgage Advice in London | Self Employed Mortgages

Self Employed Mortgage Advice in London

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Advice for Self Employed Mortgages in London

Unfortunately, it can be challenging for Self Employed applicants to obtain a mortgage due to the strict lending criteria and difficulty proving your reliable income.


You will be asked for different evidential documents to prove your income. Lenders will ask for at least one years’ accounts and bank statements of more than three months. Most will also take a look at your net profit to determine whether you are a suitable applicant or not.


The difference between a Self Employed mortgage applicant and a regular applicant is that you and also your business will be assessed. As a Mortgage Broker in London, our job is to help you prepare your Self Employed mortgage application so that you are in the best position possible upon your submission.

1000s of Self Employed Mortgage Products

We have been helping Self Employed applicants secure competitive mortgage products for the past 20 years. With our industry experience, we are able to identify the best deal for you.


We know the struggle that Self Employed mortgage applicants can encounter along the way, and that’s why we are here to help! Whether you’ve already been through the process before or this is your first time, it will still be extremely beneficial to have a Mortgage Broker in London by your side. With experience, knowledge and our skillset, we will help you achieve your mortgage dreams.


All Self Employed applicants can benefit from a free mortgage appointment by booking online today. Get in touch and speak with a dedicated Self Employed Mortgage Advisor in London who will answer all of your questions and hold your hand throughout the progress.


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 London

We have worked with many Self Employed applicants over the years working in the industry. Most times we are able to find the perfect mortgage product that matches the applicants’ Self Employed personal and financial situation.


Below is a short selection of common mortgage scenarios for the Self Employed. If you are in any of these situations and need further Self Employed Mortgage Advice in London, feel free to reach out to us and we can try to answer any questions that you have.


  • You are a Self Employed business owner 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 help from a Mortgage Advisor in London to take off some of the pressure and stress of getting a mortgage.
  • You’d prefer to leave most of your 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 London.
  • The bank has limited the amount that you can borrow and you need more than this amount.
  • You have an unsteady net profit.


When you are Self Employed, it may be necessary to get Mortgage Advice in London. Rather than going to your bank and getting declined, it may be an idea to approach a professional who can help you prepare your application so that you stand the best chance of being accepted. Our team will only put you forward for products that we know you will match.


We are here to answer your questions too! Get in touch, tell us a little bit about your situation and we will do our best to answer your question.

Self Employed Mortgages in London & Bank Advice

Most lenders will use their own in-house credit scoring methods to determine whether or not you qualify for a mortgage. The method used can vary from lender to lender, and that is why you need to be careful when applying to lots of different lenders. You may be accepted by some, yet declined by others. The more that you are declined, the harsher the negative impact on your credit file is.


They will factor in previous statistics for mortgage repayments (if any), repossession information, business and spending patterns when deciding whether to qualify your application. Lenders will always consider the risk of lending to you; if you pose a threat and are at risk of failing to meet your repayments, you may struggle to get accepted.

Mortgage Advice for Self Employed Mortgages in London

Lending criteria varies from lender to lender. This applies to every mortgage situation; some lenders will also tailor their products to certain types of buyers. Our job is to find the right product for your Self Employed mortgage situation so that you come out with a deal that is best suited to your personal and financial situation.


Once you get in touch, your dedicated Mortgage Advisor in London will be by your side throughout the whole process. Our best interests are always at heart!

Having Mortgage Problems?

We come across all kinds of applicants struggling with different mortgage problems. Once we get an idea of your situation, we can try and work out a resolution and get over the hurdle.


  • 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?


If you are in one of these scenarios and need help from a Mortgage Advisor in London, feel free to get in touch rather than applying to a lender and risk getting declined multiple times. The more that you are declined, the more harm you are doing to your credit score.

Reviews Stars5.00 Rating15 Reviews

Common mortgage

Your free initial mortgage consultation in London will last roughly one hour. Your dedicated mortgage advisor in London will then recommend a mortgage for you, with no obligation for you to proceed. At this point, it is up to you to decide whether or not you wish to proceed with the recommended mortgage.

If you choose us as your Mortgage Broker in London, then our process will work as the following; One of our Mortgage Advisors in London will carry out a Fact Find to determine your, needs before recommending the most suitable mortgage available for you. A credit check will then be required for an Agreement In Principle.  Once all the relevant documentation has been gathered and the valuation of the property has been undertaken, a formal mortgage offer can be issued.

In order for you to ensure you are prepared as early as possible, our Mortgage Advisors in London recommend that you obtain an Agreement in Principle prior to viewing properties in London. At the very latest you should obtain a Mortgage Agreement in Principle before you make any offers, in order to help with your bargaining position.

An Agreement in Principle will normally last somewhere in the range of 30 and 90 days. This depends on the Lender that is being used. If your Agreement in Principle expires, your advisor can always refresh this for you.

If you are looking to achieve something like debt consolidation or home improvements, you may be able to get a second mortgage. The option for a second mortgage can also be used on a second property if you are looking at using it for yourself, a family member, a holiday home or a Buy to Let.

The minimum deposit necessary for purchasing a house in London with High Street Lenders is usually at 5%. If you have had previous credit problems, this could be higher.

Obtaining a mortgage if you have had previous credit problems isn’t completely impossible, but you may face certain hurdles, such as some lenders requiring that you put down a higher deposit than usual, perhaps 15% of the property purchase price.

You are able to get a mortgage once you have submitted at least one year’s accounts. The majority of Lenders use your salary plus dividend to calculate the maximum amount you can borrow, whereas others may use your net profit.

Three payslips are generally what is required for an employee to prove their income and if you are Self-Employed, it’s usually the latest 2 years’ accounts. You will also need to produce some proof of ID, your address and the latest 3 months’ bank statements.

If you take up a free initial mortgage consultation with one of our trusted Mortgage Advisors in London, your appointment will last around an hour. Your advisor will be able to turn round an agreement in principle within 24 hours, with a formal mortgage offer taking roughly about three weeks on average.

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 London.

Step 3

Make an offer on the property in London that you have your eye on – we’ll finalise your figures and help you get your best deal as a Self Employed applicant in London.

Step 4

Our Mortgage Advice in London and recommendations. We’ll try to find you the best mortgage deal and our team will 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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