How many years on the books do I need?

Lenders typically require self employed applicants to have a minimum of two to three years of accounts or tax returns. This period allows lenders to assess your financial stability and the consistency of your income over time. Some lenders may consider applicants with less history, but having a longer track record can enhance your eligibility and potentially provide access to more favorable mortgage terms.

How will a Lender assess my income?

Lenders assess the income of self employed individuals by reviewing their business accounts, tax returns, and financial statements. The lender may look at your net profit as the basis for income calculation. It’s essential to provide accurate and up-to-date financial records, including your business accounts, as this information forms the basis for the lender’s evaluation. Some lenders may also consider other sources of income, such as dividends or retained profits, when determining your overall financial position.

I’m a Director of my own Limited Company

As a director of your own Limited Company, your income may come from a combination of salary and dividends. Lenders typically consider both when assessing your affordability for a mortgage. Ensure that your company accounts clearly reflect your income, and be prepared to provide evidence of your salary and dividends through official documentation. Additionally, some lenders may assess your ability to repay based on your salary plus dividends, while others might focus on your net profit as reported in your accounts. It’s crucial to work closely with your accountant to ensure that your financial records are presented in a way that maximizes your mortgage eligibility. Remember, each lender may have slightly different criteria, so it’s advisable to seek the guidance of a mortgage broker in Lincoln who understands self employed mortgages. They can help match you with a lender that suits your individual circumstances and provide expert advice throughout the application process.

Self Employed Mortgages in Lincoln

Mortgage Advice for Self Employed Mortgages in Lincoln

Our mortgage advisors in Lincoln are here to help you secure a self employed mortgage product that is most suitable to your scenario.

We will provide our full support and guidance throughout the entire mortgage process, giving you advice and doing everything we can to increase the chances of obtaining you a mortgage.

Our Mortgage Advisors in Lincoln can search 1000’s of self employed mortgage products. Once we match you to the most suitable deal, we can start preparing your mortgage application if you want to continue with it.

Open 7 days a week to work around you, feel free to get in touch at a time that suits you best. Please take advantage of our free initial mortgage consultation today that we offer to all self employed applicants.

Self Employed Mortgage Advice in Lincoln

1000s of Self Employed Mortgage Products

If you want to speak to a mortgage advisor in Lincoln regarding obtaining a mortgage or look at your potential options are in the future, book your free initial mortgage appointment online or give us a call.

It can be challenging for self employed applicants in Lincoln to secure a mortgage. Some of the many challenges can include not meeting a lender’s criteria or show enough income to prove you can keep up the monthly payments.

Not everyone can be assessed the same. Lenders need to be confident that self employed applicants can afford their mortgage. Some things they will take into consideration will include:

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

How is my income assessed as a Self Employed applicant?

Lending criteria can vary from lender to lender, and that is no different when you’re looking for self employed mortgages in Lincoln. Our experienced mortgage advisors in Lincoln always work hard to make sure that you are matched up with the mosts uitable mortgage deal for your personal circumstances.

As mortgage advisors in Lincoln we offer a service that is tailored to our customers and their individual circumstances. We will always have your best interests at the heart of what we do.

Speak to an Advisor

Important information

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.

FAQ's From Self Employed Applicants

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Gemma

Excellent support, proactive throughout and worked hard to get us the best possible deal. Would definitely recommend.

3 months ago

Ross

Excellent service from Malcolm and the team, they helped us secure a mortgage deal on our dream home.

4 months ago

Mr Graham

Thank you to Lincoln Moneyman. They were very helpful and gave excellent advice at every part of the process.

6 months ago

Stuart

Made transferring my mortgage to a new deal so easy

7 months ago

Kirsty

Really helpful as a first time buyer for advice and guidance. Jason helped me every step of the process and gave me a clear idea of what to expect. Jo was also very quick to get my final mortgage approval sorted, so I can only recommend Lincoln...

8 months ago

William

Great service! Always making remortgage easy while walking me though all of my options in detail.

9 months ago

Alwyn

The service was excellent. Everything was explained clearly and all efforts made to find me the best deal. Friendly and great communication throughout. Thank-you for the help!

9 months ago

Tristan

They have taken on all I could not and more. Very thankful

9 months ago

Samantha

Excellent service, always available when required and made the process hassle free.

11 months ago

Thomas

All of the members of the team I spoke to including Jason and Stacey were fantastic. They answered all my questions and provide support where needed. I would definitely recommend

1 year ago

Anonymous

We reached out to just see where we stood in regards to our borrowing limit and we’ve come out the other end with a mortgage offer and we are going down the route of getting out own home! This never would have been possible without the help of...

1 year ago

Mr Jamie

Daniel was very friendly, knowledgeable and explained everything to us in enough detail without being overwhelming. He gave gentle reminders for things that we had forgotten to do and got us a very good deal for our remortgage. Would highly...

1 year ago

Anonymous

We had a great experience arranging a remortgage with Dinah and Paula. Our situation was a little complicated, but we received very practical advice and they assisted us right through the process. It was all very straightforward in the end. Thank...

1 year ago

Anonymous

Excellent service. Jason has been very helpful and encouraging every step of the way, especially considering our complex circumstances. Easy to set up video calls to discuss matters and email communication has been very quick, detailed and achieved...

1 year ago

Charlotte

Charlie has been nothing but helpful, answers all questions thrown at him, takes the time to explain what everything means which has been hugely helpful as a first time buyer! It’s been a really quick and smooth process from the rest of the team...

1 year ago

Anonymous

Jason and Megan were absolutely brilliant! Both helping me through the entire process.

2 years ago

Hope

Matt & Paula have been so great and efficient in supporting us as first time buyers. Not once did we feel overwhelmed during the process which is great given that we came into this not knowing what to expect. Everything has been quick and efficient,...

2 years ago

Thomas

Matt was incredibly honest and helpful throughout the process even though he was aware I was speaking to a variety of advisors at my point of contact. His knowledge, responsiveness, and willingness to discuss options available to me, made him the...

2 years ago

Hannah

Matt and Stacey were really helpful in sorting our remortgage out. Matt was quick to get back to us when we had questions and Stacey was always on hand as support

2 years ago

Alexander

Dinah has always been available and communicated any changes or good advice we needed. We really appreciate your support

2 years ago

Our Simple 4-Step Process

Free Initial Mortgage Appointment

During this appointment, your mortgage advisor in Lincoln will look at your asessment to work out your maximum affordability and provide you with an agreement in Principle.

We Can Search 1000s of Mortgage Deals

Our team will look through 1000s of mortgage products to find the most suitable deal for your circumstances.

Submit Your Mortgage Application

Once your purchase offer has been accepted, your mortgage advisor in Lincoln will submit your full mortgage application and evidential documents to your lender.

Protecting You and Your Mortgage

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.

Reasons to Choose us

Free Initial Mortgage Appointment

Speaking to a Mortgage Broker in Lincoln 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 Advisors in Lincoln today.

1000s of Deals

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.

Our Service

Customers are the heart of this company. Throughout our many years within the industry, our Mortgage Advisors in Lincoln have experience helping limited company owners, sole traders, partners that receive a salary, dividends or a mixture of both.

7 Days a Week

We are proud to provide a tailor like service to the customer in question. We work with the customers interest at heart which is why we are here til late to answer any mortgage questions you may have.

Each lender has their own lending criteria for self employed applicants. With the help of an expert Mortgage broker in Lincoln by your side, our advisors will work hard to find you the most suitable lender for your circumstances.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

We Search 1000s of Self Employed Mortgages in Lincoln

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Lincolnmoneyman 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.

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Self Employed Mortgage Advice in Lincoln

Self Employed Mortgage Advice in Lincoln

Why are you looking to remortgage?

What is your main source of income?

Do you live in the property you're looking to remortgage?

Can you let us know your age group?

What best describes what you are looking to achieve?

Please tell us more about your current situation and what you're looking to achieve

Which stage are you currently at?

How much deposit do you have available?

What percentage deposit do you have available?

What is your main source of income?

Are you an existing buy to let property owner?

Do you own a residential property?

Can you evidence a minimum income of £25,000 p/a?

Can you tell us more about the deposit you have available?

Please tell us more about your current situation and what you're looking to achieve

What best describes what you are looking to achieve?

Please tell us what you are looking to achieve

Do you have at least 30% deposit or equity available?

Please tell us about your current situation and why it's complicated

Are you a property owner?

Are you currently?

Do you have an offer of a job that is due to start in the next 90 days?

Is all of your income currently from state benefits?

Which type of insurance are you looking to take out?

Please tell us what age bracket you fall into?

Please tell us a little bit more about your situation which would support your application

How can we help?

What are you looking to achieve?

What type of property are you buying?

Please tell us about your current situation and why it's complicated

What stage are you currently at?

How much deposit do you have available?

What type of property are you looking to purchase?

Is the house a new build or part of a shared ownership scheme?

How would you describe your credit history?

Would you be able to give us an overview of your credit history?

What is your main source of income?

What is your total household earned income p/a?

Kindly provide your contact details below

Kindly provide your contact details below

Kindly provide your contact details below

How long have you been self employed?

What are you looking to achieve?

Kindly provide your contact details below

Congratulations! You qualify for an appointment.

Congratulations! You qualify for a specialist appointment.

Congratulations! You qualify for an equity release appointment.

Congratulations! You qualify for a bridging loan appointment.

Congratulations! You qualify for a protection review.

Congratulations! You qualify for a secured loan appointment.

Sorry, we are unable to help at this moment.

Sorry, we are unable to help at this moment.

Sorry, we are unable to help at this moment.

Brilliant! Thank You For Your Enquiry

Mortgage Advice for Self Employed Mortgages in Lincoln

1000s of Self Employed Mortgage Products

How is my income assessed as a Self Employed applicant?

Important information

FAQ's From Self Employed Applicants

How many years on the books do I need?

How will a Lender assess my income?

I’m a Director of my own Limited Company

Our Simple 4-Step Process

Free Initial Mortgage Appointment

We Can Search 1000s of Mortgage Deals

Submit Your Mortgage Application

Protecting You and Your Mortgage

Reasons to Choose us