Self Employed Mortgage Advice in Nottingham

Get your free consultation 7 days a week

0115 860 2193 Book Online
Reviews io White Logo

Read our 284 Reviews

Reviews IO Stars

Discover the possibilities of Self Employed Mortgages!

Our experience as a Mortgage Broker in Nottingham has exposed us to the challenges that many self employed applicants encounter when looking to be accepted for a mortgage. Being a self employed applicant can involve obstacles like meeting the lender’s criteria and proving your income a little more difficult compared to a mortgage application for an employed applicant.



It would be great if everyone was treated the same when undertaking the mortgage process, however, this is required as lenders need to be confident in you, as a self employed applicant, being able to keep up with the payments. The following are some factors lenders will look out for:



-Applicant’s income and salary

-Applicant’s previous years of accounts’

-Bank Statements


Speak to our Self Employed Mortgage Advisors in Nottingham

Here at Nottinghammoneyman, our team of expert Mortgage Advisors in Nottingham are here to help you obtain a self-employed mortgage deal that is perfect for your circumstance.



Throughout the full mortgage process, we will be here to provide a helping hand and give you advice on backing up your application by referencing your income and years of accounts’.



The benefit of having a self employed Mortgage Broker in Nottingham is that we have access to a panel of lenders offering 1000s of self employed mortgage deals. This allows our team to find a product tailored to your needs. When we have found this and you agree with the recommendation, we will then move on to preparing your mortgage application.



As part of our tailored service, we want to be available at your best convenience which is why our advisors are available 7 days a week for you to contact.

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 004
Mortgage Lenders 006

Popular Self Employed Scenarios

On a regular basis, we work with a wide range of different self-employed mortgage customers who are in need of open and honest Mortgage Advice in Nottingham.


Below shows a small number of different scenarios that we have encountered as a Mortgage Broker in Nottingham when dealing with applicants who are self-employed.

  • Being a self-employed owner of a business, you are being paid an amalgamation of either salary, dividends or a directors’ loan.
  • You’re looking for an expert Mortgage Advisor in Nottingham to help you through the full mortgage process while your company is going through a busy business period.
  • You leave a lot of your net profit sitting in your company rather than paying yourself a salary.
  • Your business has been trading for less than a year.
  • You don’t seem to match the banks’ lending criteria even though you have a great credit score.
  • You are either a company owner, a director, a sole trader or a business partner who is looking to obtain self-employed Mortgage Advice in Nottingham.
  • The amount you are looking to borrow is more than what the bank wants you to borrow.
  • You have an unsteady net profit.

Banks can sometimes not be the best place for self-employed mortgage applicants who are seeking Mortgage Advice.


This can be due to the automated systems banks utilise in order to see the best mortgage route for you. Furthermore, if you do get declined by the bank there is nothing else you do with them to help regardless of your loyalty to the bank or how often you pay into your account.


At this point, it’s best that you look down the route of approaching a Mortgage Broker in Nottingham to give you insight into how they can help you. Our diligent team can look into your personal and financial circumstances.


By doing this, we can match up your financial situation to the most appropriate lender mortgage criteria which can help you proceed on the mortgage journey.


Self Employed Customers & Bank Mortgage Advice

If you approach a high street lender to determine if you are allowed to take a mortgage out, it is very likely that they will use their own in house credit scoring policies.


The policies in place for credit scoring are based on historical data from the mortgage lenders own experience and past during their time within the mortgage industry.


Lenders will look into data like previous mortgage repayment statistics and any other information they will on repossession as well as other patterns.


By doing this, the lender can see which factors would be seen as high risk when lending. Even though this policy can be a daunting hurdle to get over from a self-employed applicant’s point of view, it can save the lender time and money.


Through their experience, mortgage lenders would likely agree that more self-employed applicants have fallen into arrears than anyone who is a regular employee. As well as this, it’s accurate to say that it’s very likely that those employed applicants had more of a straightforward experience in the mortgage process compared to self-employed applicants.


If you have done some research into mortgages for the self-employed, you may know that a large amount of high street lenders out there have very strict lending criteria with some wanting you to provide evidence of your profits increasing over at least three years accounts, with a few taking a three-year average.


You might find that some mortgage lenders only require one year of accounts, however, it can be helpful to have a few to show as a backup as this could increase your chances of obtaining a mortgage.

Self Employed Mortgage Advice in Nottingham

There is a range of lending criteria out there that is in relation to self-employed mortgages. Therefore, our expert Mortgage Advisors in Nottingham always aim to match you up with the most suitable lender for your financial state. We aim to achieve this the first time around.


This is part of the tailor-like service we have that we are proud to provide to all our customers.  Our team work with the customers interest at heart which is why they are here til late to provide any help and answer any mortgage questions you may have.


Our extensive experience and knowledge in the mortgage world have given us the opportunity to deal with many customers that are limited company owners, sole traders, partners that receive a salary, dividends to a mixture of both. Our aim is to work hard and find the best options for those who are looking for support with their mortgage.


Through dealing with a vast number of mortgage situations, we will be able to help you find the most suitable mortgage that is perfect for your personal and financial needs.


Having Mortgage Problems?

When customers get in touch with Nottinghammoneyman, we find many get in contact with us after approaching a bank for a mortgage and have left finding it a difficult experience.


Some reasons for this include:

  • Failed to meet the bank’s criteria
  • Net profit has fluctuated
  • Personal situation
  • The bank has offered you an amount that is below what you wanted
  • Salary Structure
  • Credit Score

We do recommend that you refrain from approaching different lenders on your own, especially if you have little understanding of their lending criteria.


This can result in you not getting a mortgage altogether as well as having a negative impact on your credit score.

Reviews Stars4.95 Rating284 Reviews

Common mortgage

Our dedicated mortgage advisors in Nottingham will provide you with a free mortgage appointment that typically lasts around 30 mins.

During this appointment, we will gather information about your financial and personal situation.

Based on the information obtained during the consultation, your mortgage advisor in Nottingham will then search for the ideal mortgage deal tailored to your specific needs.

If you are satisfied with the mortgage offer presented by your mortgage advisor in Nottingham, the next step is to proceed with your mortgage application.

Our mortgage process is composed of several stages. Firstly, we will ask you to complete our Fact Find to provide us with a clear understanding of your mortgage needs and goals.

Next, you will have a free appointment with a mortgage advisor in Nottingham, who will begin searching for mortgage options that are tailored to your individual circumstances. If we find a suitable offer that meets your requirements, we can proceed with your mortgage application.

To obtain an agreement in principle, we will conduct a credit check on you and gather supporting documents to validate your mortgage application.

Once we have submitted your mortgage application, we will wait for a formal mortgage offer to be issued.

We highly recommend obtaining an agreement in principle before you start viewing properties if you’re planning to apply for a mortgage.

This is because an agreement in principle is usually required to make an offer on a property, and it can also help you negotiate prices.

As a mortgage broker in Nottingham, we can help you to obtain an agreement in principle from a mortgage lender, which demonstrates their willingness to grant you a mortgage based on your financial circumstances.

With an agreement in principle in place, you can have a better idea of what properties you can afford and approach the buying process with more confidence.

The validity period of an agreement in principle (AIP) typically ranges from 30 to 90 days, but this may vary depending on the specific mortgage lender.

In case your AIP expires before you find a suitable property, you can easily renew it by contacting your mortgage advisor in Nottingham or the mortgage lender.

As a mortgage broker in Nottingham, we often see customers seeking a second mortgage for various reasons. Some of the most common reasons include:

– Consolidating debt.
– Making home improvements.
– Investing in a buy to let property.
– Other reasons, such as purchasing a holiday home or helping a family member with a mortgage.

When applying for a mortgage in Nottingham with a high street lender, a minimum deposit of 5% is typically required. If you have a history of bad credit, this percentage may increase.

Obtaining a mortgage may be a bit more challenging if you have a history of bad credit, but it’s not impossible!

In such cases, some mortgage lenders may require a slightly larger deposit from you, typically around 10-15%.

Whilst this is the case, there may still be many options available to you, and as an experienced mortgage broker in Nottingham, we can help you find a mortgage lender that is willing to work with your situation.

Submitting at least one year’s worth of accounts increases your chances of getting approved for a mortgage.

The mortgage lenders we work with typically consider your salary plus dividend to determine the maximum mortgage amount.

Some lenders may base their calculations on your net profit. The criteria varies from lender to lender.

– Photo ID (Driving license, Passport, etc.).
– Proof of Address (Utility bills, tax bills, credit card statements, etc.).
– Latest 3 months’ payslips & Latest P60 (employed applicants)
– Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
– 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.

Typically, your free mortgage appointment in Nottingham will take approximately 30 mins.

After the appointment, we can provide you with an agreement in principle, usually within 24 hours. Once you have decided to proceed, the next step is to submit your mortgage application.

On average, it takes about three weeks to receive a formal offer from the mortgage lender.

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 Nottingham.

Step 3

Make an offer on the property in Nottingham 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 & Nottinghammoneyman 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 Nottinghammoneyman

Nottinghammoneyman, Gothic House, Barker Gate, Lace Market, Nottingham, NG1 1JU.

Moneyman Logo

Moneyman Logo

Moneyman Logo

Ask Your Question

    Moneyman Logo

    Moneyman Logo

    Moneyman Logo

    Book your Free Consultation

    7 Days 8am - 10pm

    Moneyman Logo

    Moneyman Logo