Speak to an Advisor 7 days, 8am - 10pm
Speak to an Advisor 7 days, 8am - 10pm
Our team of mortgage advisors in Harrogate is dedicated to assisting you in securing a self employed mortgage product tailored to your specific situation.
Throughout the entire mortgage process, we are committed to providing comprehensive support and guidance, offering mortgage advice in Harrogate and employing every effort to enhance the likelihood of successfully obtaining your mortgage.
With access to a wide array of self employed mortgage products, our mortgage advisors in Harrogate can explore thousands of options. Once we identify the most suitable deal for you, we can initiate the preparation of your mortgage application if you choose to proceed.
Operating seven days a week to accommodate your schedule, feel free to reach out at a time that suits you best. Take advantage of our complimentary mortgage consultation, available to all self employed applicants, and get in touch with us today.
If you’re interested in discussing mortgage options or exploring potential future possibilities with a mortgage advisor in Harrogate, schedule your complimentary mortgage appointment online or reach out to us via phone.
Securing a mortgage can pose challenges for self employed individuals in Harrogate. Some hurdles may involve not meeting a lender’s criteria or demonstrating sufficient income to meet monthly payment obligations.
Each individual’s assessment varies. Lenders must have confidence in the financial capability of self employed applicants to manage their mortgage. Factors taken into consideration include:
The lending criteria for self employed mortgages in Harrogate can differ among various lenders. Our mortgage advisors in Harrogate are dedicated to diligently ensuring that you are connected with the most fitting mortgage deal based on your unique circumstances.
As a trusted mortgage broker in Harrogate, are serviced to cater to our customers and their individual situations. We consistently prioritise your best interests in every aspect of our service.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
Mortgage requirements can vary among lenders, but typically, they look for a track record of at least two to three years of consistent income. This period allows lenders to assess your financial stability and the reliability of your income. However, some lenders may consider applications with a shorter history, so it’s advisable to discuss your specific situation with your mortgage broker in Harrogate.
Lenders assess the income of self employed individuals differently than those with traditional employment. They often look at your average income over the past few years, considering factors such as tax returns, business accounts, and financial statements. Some lenders may also consider your current trading figures. It’s crucial to have well-documented and transparent financial records to provide a clear picture of your income stability and capacity to meet mortgage repayments.
Being a Director of a Limited Company is a common scenario for many self employed individuals. Lenders typically assess your income based on the salary and dividends you receive from the company. They may also consider any additional sources of income, such as bonuses. It’s important to have accurate and up-to-date accounts to demonstrate the financial health of your company. Your mortgage broker in Harrogate can help you navigate the complexities of presenting your income to lenders and finding the most suitable mortgage options tailored to your situation.
Our Customers Love Us
4.94 Rating36 Reviews
David
Harrogatemoneyman provided an excellent service. When we contacted our existing lender to increase our loan, it told us we can't even afford the loan we already have despite us never having missed a payment in the 17 years it has run. Dan was able...
2 weeks ago
Anonymous
Jason & Debbie have been extremely efficient; with our mortgage being offered within 2 weeks from initial contact. Excellent communication and helpful advice throughout, especially as I am self employed. Highly recommend!
2 weeks ago
Zoe
Jason and the team have been amazing, so helpful!
1 year ago
Shannon
Matt from Harrogate money man was so accessible and supportive throughout our journey to get a mortgage. He has been close at hand every step of the way and gave us so much convince in ourselves and our own finances which we didn’t have to begin...
1 year ago
David
Excellent service and very happy. Highly recommend and thank you Leo & Meghan! Best, David
1 year ago
Lydia
They have been excellent! Couldn’t have asked for better help and communication. They were very understanding and have been very patient with us over the last few months.
1 year ago
Sally
I'm really pleased with the service at Harrogatemoneyman and would definitely recommend them. Leo and Jo have been really helpful and supportive throughout the process.
1 year ago
David
Chris was brilliant at guiding us through the whole process. As FTB, you think you understand the process but there is so, so much more too it and having someone who you can ask questions almost anytime of the day, was something we could not have...
2 years ago
Rebecca
As first time buyers this whole process initially seemed very daunting. We spoke with Matt over the phone and he talked us through the process, was really positive and has got us through the process. It has been stressful but Matt kept us updated...
3 years ago
Maria
Me and my husband were looking to get a mortgage, we are first time buyers, so were wanted a stress free process and getting the most suitable deal for us. Harrogatemoneyman was amazing! Very professional, answered all our questions and kept us...
3 years ago
John
Fantastic service from start to finish. Every stage of getting a mortgage for a first time buyer was carefully explained with complete transparency of costs and what to expect. 100% recommend.
3 years ago
Salvatore
Joe and Meghan have been very helpful and professional. They have explained everything clearly and responded extremely quickly to our correspondence. We would certainly use your service again and recommend both Joe and Meghan to others.
3 years ago
Deanna
Amazing service & support! We are first time buyers and felt the process from start to getting our mortgage accepted was amazing & very smooth!! We were kept up to date regularly and felt comfortable to ask any questions. Special thank you to...
3 years ago
Charlie
Really impressed with the service from these guys, from start to finish the process has been so easy. Our situation was slightly different from normal but they still managed to get the mortgage sorted for us. They always kept us up to date with...
3 years ago
Deanna
Leanne was so friendly and approachable. Extremely helpful.
3 years ago
Laura
Fantastic service from start to finish. Matt was always on hand to answer my questions and explained everything clearly, along every step of the way. Thank you!
3 years ago
Heather
Polite helpful reassuring conversation. Very helpful.
4 years ago
Richard
Excellent from start to finish. Booked appointments that suited us even late evening! Found us a great deal on our mortgage and wage protections. Thanks Malcolm for all your help!
4 years ago
Gregory
First time buyer and the team at Harrogatemoneyman provided a 1st class service from start to finish. Excellent advice really quick service excellent product really cant fault them at all. I highly highly reccomend them just exceptional in everyway....
4 years ago
Alice
Very quick response from Hannah. Very helpful. Highly recommend
4 years ago
During this appointment, your mortgage advisor in Harrogate will look at your assessment to work out your maximum affordability and provide you with an agreement in principle.
Our team will look through 1000s of mortgage products to find the most suitable deal for your circumstances.
Once your purchase offer has been accepted, your mortgage advisor in Harrogate will submit your full mortgage application and evidential documents to your lender.
Our service won’t just stop here. We will not only secure you the most suitable mortgage deal, we will also recommend relevant insurance to protect you.
Speaking to a mortgage broker in Harrogate like ourselves with be very beneficial as we will be by your side during the entire process. We are used to dealing with complex mortgage situations. Get in touch today for your free initial mortgage consultation, and let’s book you in to speak to a mortgage advisor in Harrogate today.
They use their expert knowledge to try and find solutions for self employed applicants who need help with their mortgage. We are able to use our mortgage market expertise to find you the most suitable mortgage for your circumstances.
Customers are the heart of this company. Throughout our many years within the industry, our mortgage advisors in Harrogate have experience helping limited company owners, sole traders, and partners that receive a salary, dividends or a mixture of both.
We are proud to provide a tailor-like service to the customer in question. We work with the customer’s best interests at heart, which is why we are here til late to answer any mortgage questions you may have.
Each lender has their lending criteria for self employed applicants. With the help of an expert mortgage broker in Harrogate by your side, our advisors will work hard to find you the most suitable lender for your circumstances.
Many mainstream lenders employ their own internal credit scoring policies to facilitate mortgage approvals for customers. The majority of these lenders enforce stringent criteria, often requiring a minimum of three years of steadily increasing profits, with some calculating a three-year average.
Lenders assess factors such as past mortgage repayment records, repossession data, and other common patterns to identify individuals deemed risky for lending. While this approach streamlines the lending process and saves time and resources for the lender, it often leaves self employed applicants struggling to attain their mortgage objectives.
Historically, self employed applicants may have faced a higher likelihood of falling into arrears compared to their employed counterparts. However, it’s important to note that employed applicants typically encountered fewer obstacles in meeting the lender’s strict criteria.
It is common to observe that the majority of mainstream lenders maintain rigorous criteria, with many requiring a three-year track record of increasing profits, and some calculating an average over this period.
We’ve conversed with numerous self employed individuals who have faced direct rejection from their bank when applying for a mortgage. Obtaining a mortgage can indeed pose challenges for the self employed, but it shouldn’t be an insurmountable hurdle. Here are some reasons why other self employed applicants may have been rejected by their banks:
– Non-compliance with the bank’s criteria
– Fluctuations in net profit
– Personal circumstances
– Insufficient lending amount approved by the bank
– Complex pay structures
– Credit score issues
It is advisable to refrain from independently approaching multiple lenders, especially if you are unfamiliar with their specific lending criteria. Such actions could negatively impact your credit score, further diminishing your chances of securing a mortgage.
As mortgage brokers in Harrogate, we have collaborated with numerous self employed mortgage customers, all seeking transparent and candid mortgage advice in Harrogate.
Our mortgage advisors in Harrogate have navigated various self employed applications, addressing diverse scenarios. Here are some examples of the situations our advisors are accustomed to handling:
– If you’re a business owner, your income may comprise a combination of salary, dividends, or a director’s loan.
– If your company is facing a challenging business period, our mortgage advisors in Harrogate can guide the mortgage process.
– If you tend to retain most of your net profit in your company rather than drawing a larger salary for yourself.
– If your business hasn’t been trading for more than one year.
– Despite having a good credit score, you might not align with the banks’ lending criteria for reasons unknown.
– If you are a company owner, director, sole trader, or business partner seeking self employed mortgage advice in Harrogate.
– If the bank restricts the borrowing amount, and you need to borrow more than their limit.
– If your net profit exhibits fluctuations.
Not everyone secures mortgage approval from their bank. Unfortunately, these banks often rely on automated systems, and even longstanding customers may face rejection.
By engaging a reliable mortgage broker in Harrogate, we can alleviate the stress. Our team of mortgage advisors in Harrogate can sift through a multitude of deals to find a suitable lender matching your unique circumstances.
Read our 36 Reviews
Harrogatemoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Harrogatemoneyman 2025.
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Harrogatemoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Harrogatemoneyman 2025.
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