Self Employed Mortgage Advice in Liverpool

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Helping Self Employed applicants secure a mortgage

You may have heard that it’s harder to obtain a mortgage as a self employed applicant in Liverpool. Although it may seem more of a challenge than ‘regular applicants’, as long as you have the correct accounts, a good credit file, regular work lined up and the right deposit.


Not to mention the help of a good Mortgage Broker in Liverpool like ourselves, choosing us by your side we will put you and your application in the best possible position to be in with a chance of being accepted by certain lenders on our panel.


It would be nice if everyone applying for a mortgage be treated equally, however lenders need to have complete faith that any self employed applicants have the funds to pay back each mortgage payment on time.


Any mortgage lender will examine key factors when determining whether or not they will lend to you. These include:

  • The amount of regular income/salary that you are earning.
  • Your previous years’ of accounts’.
  • The costs and expenses involved in operating your business.
  • Your bank statements.

Self Employed Mortgage Advice in Liverpool

Self employed applicants who are wanting to know their options for purchasing a new property, or are already a homeowner who is looking to remortgage their property, will benefit from speaking with one of our entrusted members of our team.


Having worked in the mortgage industry for over 20 years, we have worked alongside many self employed customers each coming from a different background. Despite the different circumstrances, one thing was in common, they all got in touch with us in the hope of securing them the most suitable deal.


Understanding the self employed mortgage lending criteria inside and out, we’ve developed a strong for being successful in this area.


Let us help you obtain a self employed mortgage

Our team of knowledgeable and experienced Mortgage Advisors in Liverpool are armed and ready to assist you in you securing a self employed mortgage product that is most suitable to what you are hoping to achieve.


Everyone here will offer their full support and guidance across the entire of your mortgage process, providing you with expert mortgage advice in Liverpool and helping you to backup your mortgage application by referencing the income you earn and years of accounts’.


The perks of using a Mortgage Broker in Liverpool who understand the self employed lending criteria is we have access to 1000’s of unique and tailored mortgage deals to fit with many different self employed applicants in Liverpool. Once your advisor finds the most suitable deal for what you are hoping to achieve, we can start taking a look at how to prepare for your mortgage application.


The key difference between a self employed applicant to a regular applicant is how you evidence your income to the lender. Make sure to be open and honest to both us and your lender, it will hopefully put you in a much better position to run a smooth process to hopefully help you achieve your mortgage goals.


Our Mortgage Advisors in Liverpool work 7 days from early until late, always on hand to speak to customers at a time that suits them and their busy life. Make the most of our online appointment booking system and get yourself booked in for a free mortgage appointment with a dedicated and trusted Mortgage Advisor in Liverpool, with various time slots to choose from, subject to availability.

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 Liverpool Applicants

We have worked alongside many self employed applicants in the past, each in need of fast & friendly Mortgage Advice in Liverpool.


Throughout our time as a skilled and acquainted Mortgage Broker in Liverpool, when speaking to various self employed mortgage applicants.


There are so many different scenarios that we came across below we listed some of the more popular scenarios.


  • Self employed business owners like yourself, are getting paid from either a salary, dividends or a directors’ loan.
  • At the current time, your company is currently busy and you need the assistance of a Mortgage Advisor in Liverpool to guide you through the mortgage process.
  • You would rather leave most of your net profit sitting in your company, rather than choosing to pay yourself a larger salary.
  • Your company has been trading for less than one year.
  • Despite your credit score is great, you don’t seem to match the banks’ lending criteria.
  • You’re a company owner, a sole trader, a business partner or a company director, that requires expert Self Employed Mortgage Advice in Liverpool.
  • You are limited by the bank as to how much you can borrow and you need an amount that is greater than what they could offer.
  • You have an unsteady net profit.


We tend to find, banks are not best suited for self employed mortgage applicants when they are looking for Mortgage Advice in Liverpool. Because banks have automated systems and though it is unfortunate, no matter how long you have been banking with them or the amount of money that goes into your account regularly, if you get declined, that’s more or less the end of the line with that particular lender.


Situations like these are where the benefit of using a Mortgage Broker in Liverpool will be great to help and solve your mortgage queries. Our dedicated team can take the information they have accumulated on your financial position and goals, and try to find you a suitable lender whose criteria you fit.


Self Employed Customers & Bank Mortgage Advice

Most high street mortgage lender that can be thought of will use their own in-house credit scoring policies when they are determining whether or not a self employed applicant like yourself can take out a mortgage with them. These credit scoring policies are often based on the mortgage lenders’ history of working within the mortgage industry.


They will take the time to review mortgage repayment statistics of the past, any information they have gathered on repossession and other common patterns to determine what sort of case, to them, would be perceived as a high-risk when lending. Saving the lender both time and money and also yours.


In the past, lenders may have experienced more self employed applicants fall into debt than others who are employed. A lot of the main high street lenders out there may have tight lending criteria, with many wanting to see your profits increasing over three years accounts (minimum), with a selection of them taking a three-year average.


Whilst some lenders out there maybe only request one year’s worth of accounts, we recommend that you make sure that you are in the best possible situation as this will likely increase your success rate in your journey to obtain a mortgage with a lender.

Reasons to choose us as your Mortgage Broker in Liverpool:

Self employed lending criteria always depends on the lender you are matched up against. Let our Mortgage Advisors in Liverpool take control to make sure you are suitably matched up with the most suitable mortgage lender for your situation. We aim to always get our decision right first time!


We love providing customers with a tailored service that is in line with what they’re looking to achieve. We will always have your best interests in mind.


Working in the industry for over 20 years, as a Mortgage Broker in Liverpool, we have gained a lot of experience in helping various limited company owners, sole traders, and business partners that receive a salary, dividends or a mixture of both, in their quest to acquire them a mortgage on a property. We use our in-depth mortgage knowledge to find solutions for those who are truly in need of the assistance of Mortgage Advisors in Liverpool.


Having Mortgage Problems?

We regularly converse with self-employed customers who for one reason or another have found approaching their bank directly for a mortgage to be rather difficult. Some of the reasons that we have heard for this include (but are not limited to);


  • Credit score
  • Failed banks criteria
  • Personal situation
  • Bank won’t lend enough
  • Fluctuating net profit
  • Pay structure


Definitely hold off from going to speak with lots of different lenders by yourself, especially if you are not well versed in understanding their lending criteria. Doing so can negatively affect your credit score and perhaps even prevent you from obtaining a mortgage full stop.

Reviews Stars4.98 Rating213 Reviews

Common mortgage

As your Mortgage Broker in Liverpool, our first job is to carry out a Fact Find on you to get a bigger picture of your personal and financial situation, so that we can recommend the most suitable mortgage for you. In order to obtain an Agreement in Principle, you will also need to have a credit check performed on you. Once you have provided all the relevant evidential documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

Your free mortgage consultation with Liverpoolmoneyman will last around 30 mins. After your details have been taken, a Mortgage Advisor in Liverpool will then search through thousands of mortgage deals to find a perfect matching deal for you. Once we recommend the deal, you can decide whether to proceed with us or not, it’s completely up to you!

We always recommend that you obtain an Agreement in Principle before you start viewing properties in Liverpool, as they can potentially put you in front of other buyers who don’t have one. Lenders will like the fact that you have prepared before making an offer.

An Agreement in Principle typically remains valid for between 30 and 90 days, but this can change depending on your lender. If your Agreement in Principle expires it can always be refreshed. A Mortgage Broker in Liverpool like us can usually get one sorted for you within 24 hours within your application.

Yes, you can get a second mortgage. You can take out a second mortgage for your current home for things like debt consolidation and home improvements. It is also possible to take out a second mortgage for another property if you want. Usually, this situation comes about when people are interested in a holiday home, are buying for a friend/family member or want a Let to Buy or Buy to Let.

The minimum deposit when buying a house in Liverpool with high street lenders is typically 5%. You will rarely find lenders that will accept a minimum of less than 5%. This minimum can be higher if you have had bad credit in the past.

It is possible but it can be a bit tricky though. When you have had previous credit problems your minimum deposit that is required could rise, we have seen it at 15% before. Having a Specialist Mortgage Broker in Liverpool could really help you get back on track in situations like these.

After you have proven at least one year’s accounts to your lender, you should be able to get a mortgage. Most lenders in Liverpool will use your salary plus dividend to work out your maximum mortgage, however, some can go off your net profit.

If you’re an employee, you will usually have to supply three payslips in order to prove your income. If you are Self Employed in Liverpool its normally the latest 2 years’ accounts. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free initial mortgage consultation can last up to 30 mins. As an experienced Mortgage Broker in Liverpool, after we have all of your information we can get you an Agreement in Principle within 24 hours or your phone call. On average, a formal mortgage offer takes about three weeks.

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 Liverpool.

Step 3

Make an offer on the property in Liverpool 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 & Liverpoolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR

© 2023 Liverpoolmoneyman

Liverpoolmoneyman, Rodney Chambers, 40 Rodney Street, Liverpool, L1 9AA.

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