Self Employed Mortgage Advice Doncaster | Doncastermoneyman

Self Employed Mortgage Advice in Doncaster

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Helping Self Employed Applicants to Secure Mortgage Deals

As a mortgage broker in Doncaster, we know that a lot of self employed applicants can find the process of obtaining a mortgage to be quite difficult. Whether it’s trying to match up with lender’s criteria, or not being able to prove your income, we know that self-employed applicants have it a lot harder than regular employed applicants.


Whilst it would be nice if everyone on their mortgage journey could be treated the same way, there are understandable reasons as to why they make it so difficult. The lender needs complete confidence that as a self-employed applicant, you can definitely afford the monthly mortgage payments. The factors they will look at include:


  • Your income/salary
  • Bank statements
  • Your previous years of accounts’
  • Business operating costs and expenses


Speak to Our Self Employed Mortgage Advisors in Doncaster

Our mortgage advisors in Doncaster will always be on hand to help you secure a mortgage product that is appropriate for you as a self-employed applicant.


We will provide you with clear & simple guidance throughout the whole mortgage process, giving you fast & friendly mortgage advice, whilst supporting your application by referencing your income and years of accounts’.


As a self employed mortgage broker in Doncaster, we have the ability to search through 1000s of competitive mortgage products specifically tailored to self-employed applicants. Once we find the deal that is right for you and you are okay with going forward, we can get started with preparing your application for a mortgage.


Our advisors work every day of the week, from morning until night, so that our customers have the option of an appointment at a time that suits them best. Get yourself booked in for a free mortgage appointment and we will see how we are able to help you.


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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Reviews Stars4.99 Rating86 Reviews

Popular Self Employed Scenarios

We work quite often with different self-employed mortgage customers, all of whom require some fast & friendly mortgage advice in Doncaster.


Below we have put together a small selection of scenarios that we have encountered throughout our time as a trusted mortgage broker in Doncaster, when speaking to self-employed mortgage applicants:


  • As a self-employed owner of a business, your income is a combination of either salary, dividends or a directors’ loan.
  • Your company is quite busy at the moment and you need assistance from a trusted mortgage advisor in Doncaster.
  • You leave a large portion of your net profit within your company, rather than paying yourself a salary that is larger.
  • Your business has not been trading for over one year.
  • Despite your credit score being great, you just don’t seem to match the banks’ strict lending criteria.
  • You’re a company owner, a director, a sole trader or you are a business partner, requiring expert self-employed mortgage advice in Doncaster.
  • The bank is limiting the amount you are able to borrow and you are looking to borrow more than what they can offer.
  • Your net profit is not steady.


Generally speaking, banks are not always great options to take if you are a self-employed mortgage applicant. These banks have automated systems and sadly, regardless of how long you’ve been banking with them or the amount of money you often pay into your account, if they decline you, there’s not a lot you can do about it with them.


This is where a mortgage broker in Doncaster is useful, as our experienced team are able to match up your needs and current financial situation to the different lenders mortgage criteria, hopefully giving you the edge and allowing you to continue with the process.

Self Employed Customers & Bank Mortgage Advice

A lot of the high street mortgage lender that might come to mind will use their in-house credit scoring policies when deciding on who they will allow to take out a mortgage. These credit scoring policies are usually inspired by the mortgage lenders own experience with mortgage applicants over the years.


When they do their checks, they will analyse previous mortgage repayment statistics, any historical repossession data and other common patterns in order to determine common denominators that are deemed high risk. This saves time and money for the lender, but leaves a lot of self-employed mortgage applicants struggling to obtain a mortgage.


In the past, you could probably correctly estimate that mortgage lenders have had a lot more self employed applicants fall end up going into debt than regular employees. On the other side of the coin,those regular applicants probably didn’t have to jump through nearly as many hoops to find mortgage success.


If you’ve been researching by yourself, you’ll likely know that lots of high street lenders have very strict lending criteria, with a lot of the lenders out there wanting to see your profits increasing three years accounts minimum, with some working off a three year average.


Whilst not all mortgage lenders work by these rules (with some only requiring one years of accounts), you should always make sure you have a couple of years to work with, as this will give you a boost in possibly obtaining a mortgage.

Self Employed Mortgage Advice in Doncaster

Lending criteria can have its variances depending on the lender that you are being matched up with, especially when regarding self employed mortgages.


Our team of expert mortgage advisors in Doncaster will always put in the work to ensure that you are confidently matched up with the right lender for your personal needs. This is something we always aim to make sure is right the first time!


Unlike a lot of the mortgage advisors in Doncaster you might find throughout your research into the world of mortgages, we’re proud to say with absolute certainty that we work completely detached from any estate agents, banks or building societies.


We work purely for our customers, personalising our service to the customer and their needs. We will always have the best interests of our customers at heart!


Throughout our experience as a mortgage broker in Doncaster, we have obtained a lot of knowledge in being able to help a great deal of limited company owners, sole traders, partners that receive a salary, dividends or a mixture of the two. We utilise our proficiency to work and find solutions for those who need assistance with their mortgage.


We are able to use the skills we have acquired over our time as a mortgage broker in Doncaster, to find you the perfect mortgage deal for your situation.

Having Mortgage Problems?

We regularly converse with customers who have perhaps encountered difficulty in approaching their bank directly for a mortgage. A couple of the reasons that we have heard for this happening have included;


  1. Failed banks criteria
  2. Bank won’t lend enough
  3. Pay structure
  4. Fluctuating net profit
  5. Personal situation
  6. Credit score


Definitely make sure that you don’t go about approaching various different lenders by yourself, especially if you’re unsure of what their lending criteria is. Doing so can cause more harm than good when it comes to your credit score and may even stop you getting a mortgage full stop.

Common mortgage

Your free initial mortgage consultation in Doncaster will last roughly one hour. We will then be on our way to recommending a mortgage for you, where you have no obligation for you to proceed. If you’d rather not take it and step back for a time, you have every right to do so.

Your mortgage advisor in Doncaster will carry out a Fact Find to establish your personal mortgage needs, before recommending the most suitable mortgage for your situation. A credit check will then be required in order for you to obtain an Agreement in Principle, which we are able to help with. Once you have provided the lener with all the relevant documentation, and you have had a valuation of the property completed, a formal mortgage offer can then be issued.

To avoid finding yourself disappointed when viewing and making offers on properties, we recommend you obtain an Agreement in Principle ahead of time. At the very latest, we recommend that you obtain one prior to making an offer, as this will assist your bargaining position.

An Agreement in Principle will usually last for between 30 and 90 days depending on the Lender that you are with. If your Agreement in Principle expires, you can easily have it refreshed.

You may have the option of taking out a second mortgage on your home for things like debt consolidation or any potential Home Improvements. It may also be possible to take out a mortgage on a second property to use on yourself, for a family member, a holiday home or even a Buy to Let.

The minimum deposit a lender will require when purchasing a house in Doncaster is around 5%. This figure can possibly be higher if you have had previous credit problems, but entirely depends on the lender.

If you’ve had credit problems previously, you may still have a chance at getting a mortgage, but you may possibly be required to put down a higher deposit than for the property than you might have if you had with good credit. This can often be 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 mortgage amount you can borrow, whereas others will go off your net profit.

You’ll generally be required to send three payslips if you are a standard employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, proof of address and the previous 3 months’ bank statements.

The free mortgage consultation that you receive when getting in touch, will typically last up to an hour. We can help you obtain an agreement in principle within 24 hours of this consultation, with a formal mortgage offer taking on average 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 Doncaster.

Step 3

Make an offer on the property in Doncaster 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 & Doncastermoneyman 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

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Doncastermoneyman, 3 Cavendish Court, South Parade, Doncaster, DN1 2DJ.

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