At Teesside Money, we understand the unique challenges self-employed individuals face when securing a mortgage. We know how limited your spare time can be, and that’s where we come in to make the process easier and more efficient.
As independent mortgage advisors, we have access to the whole of the market, allowing us to recommend the most suitable self-employed mortgage options for you. Whether it’s your first mortgage or a remortgage, we take the hassle out of approaching multiple lenders by providing expert advice on the best products for your situation.
With years of experience helping self-employed mortgage clients, we know which lenders to approach, what information they require, and who will offer the best rates. Our specialist knowledge of the Teesside area, along with a dedicated point of contact and personal service, ensures a smooth and straightforward process from start to finish. Contact us today to get the ball rolling.
Company director mortgages can vary greatly between lenders, and you may have already discovered how complex this process can be. Whether you’ve been trading for under 12 months or longer, Teesside Money works with a range of lenders to find the best solution for you.
Contractors and consultants often face difficulties when applying for mortgages for contractors due to being paid on a daily or weekly rate rather than having a regular salary. Traditional mortgage lenders may struggle to assess income, making it harder for contractors to secure financing. At Teesside Money, we offer tailored mortgage financing for self-employed individuals like contractors, guiding you through every step of the application process. Our expert advisors understand the complexities of your income structure and work with a wide range of lenders who specialise in providing mortgages for contractors, ensuring that you get the most suitable deal for your unique financial situation. Whether you’re a first-time buyer or looking to remortgage, we make the process as simple and stress-free as possible.
As more people turn to self-employment, securing a mortgage as a sole trader or partnership can seem daunting. If you’re registered as self-employed and unsure where to turn for mortgage advice, Teesside Money can provide the guidance you need.
If you’re a Doctor, GP, Teacher, Accountant, Architect, Civil Servant, or Solicitor, Teesside Money offers expert advice and mortgage solutions tailored to your profession. Get in touch with us to explore your options for self-employed mortgages in more detail.
If you work in the construction industry under the CIS scheme, you may find that many lenders do not offer CIS scheme mortgages. At Teesside Money, we work with lenders who understand the needs of construction industry workers and are willing to accept CIS mortgage applications.
If you’re a freelancer in professions like copywriting, journalism, authoring, illustration, marketing, web development, or any other freelance profession, we can help you secure the best mortgage for self-employed individuals. Teesside Money understands the complexities of freelance income and is ready to offer the support you need.
Our offices in Teesside are ideally located to assist self-employed individuals looking for a mortgage or remortgage in the whole of the Teesside and North East regions.
At Teesside Money, all mortgage applications are handled locally by our dedicated team of Mortgage Advisors at our Teesside office, ensuring you receive the highest level of personal service.
Our experts take the time to understand the complexity of your self-employed mortgage needs and income streams. We work with you every step of the way to ensure you get the best mortgage options available.
When you choose Teesside Money, you’ll have a dedicated point of contact who will manage your application from start to finish, saving you time and effort.
Securing a mortgage is one of the biggest financial commitments you’ll make. Unlike other brokers, we are always available for face-to-face meetings, providing updates on your mortgage application and offering personalised advice.
Some of the other services we offer include mortgage protection insurance, short term lending, and second charge mortgages, all designed to meet your unique financial needs.
Frequently Asked Questions
How much money can I borrow being self-employed?
As a general guide, you can usually borrow between 4 and 5 times your annual income, with some specialist lenders offering a higher multiple. The key is to find the right lender for your circumstances. Teesside Money has access to the whole of the market to help find the self-employed mortgage that’s right for you.
Is it harder to get a self-employed mortgage?
Securing a mortgage for self-employed individuals can be more complicated, but with the right paperwork and expert advice, the process becomes much easier. Teesside Money is here to guide you through the process and ensure you have everything in order to apply successfully.
What is used to calculate my income for a self-employed mortgage?
Most lenders use your salary and dividends to calculate your income, often verified through your full accounts or SA302 year-end tax calculations. There are also options to use retained profits within the business to increase affordability, especially if your retained profit is higher than your personal income. Contact us to learn more.
How many years trading do I need before I can get a self-employed mortgage?
While most lenders request 3 years of trading history, Teesside Money can help with just 1- or 2-years’ worth of accounts, including those applying for a one-year self-employed mortgage or a mortgage for self-employed with one-year accounts.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK
Think carefully before securing debt against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other loans secured on it.
Teesside Money Limited Company Registration number 10991314. Registered Address at 80 Coleman Street, London, England, EC2R 5BJ, with a Trading Address at Fast Track House, Thornaby, Stockton on Tees, TS17 6PT. Teesside Money Limited is registered with the Data Protection Act 1998 registration No. ZA287646 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 799826.