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Welcome to Mortgages By Louise, your trusted partner for self employed mortgages in Blackpool. We understand that being self employed can make the mortgage process seem more complex, but we’re here to simplify it for you. Our goal is to provide clear guidance and support, ensuring you feel confident every step of the way as you work toward purchasing your dream home.
With a team of expert mortgage advisors based in Blackpool, we have extensive experience in navigating the intricacies that come with a self employed mortgage. We stay up to date with lender requirements and market trends, ensuring that you receive the most relevant advice for your financial situation. Whether you’re a freelancer, contractor, or small business owner, we’re here to offer professional support to help you secure a self employed mortgage that meets your needs.
At Mortgages By Louise, we take pride in offering a tailored service. We make the effort to understand your unique financial circumstances and long-term goals, allowing us to develop a mortgage strategy that aligns perfectly with your goals. When you choose Mortgages By Louise, you’re choosing a team that’s committed to finding the best mortgage solutions for self employed individuals like you.
For more information, fill in our online contact form or to speak to a member of our team today, you can call us on 07530591219.
Securing a mortgage as a self employed person may involve additional steps, but with the right guidance, it’s entirely achievable. Here’s what you need to know:
Lender Criteria: Lenders often focus on your average income over the past two to three years. Different forms of self employment, such as freelancing or owning a business, can influence how lenders look at your application.
Types Of Mortgage: You’ll have access to a range of mortgage types, including fixed-rate and variable-rate options. The right choice depends on your financial situation and long-term goals.
Potential Speed Bumps: Consistent income can be an issue for some self employed people, but many lenders offer more flexible terms for self employed individuals. With the help of an experienced mortgage broker, you can overcome these challenges and secure the best deal.
Income Records: Unlike traditional employees, self employed individuals need to provide detailed income records, typically covering the last two years. Lenders will use these documents, such as tax returns and business accounts, to assess your financial stability.
Deposit Size and Interest Rates: Due to the perception of fluctuating income, you may be required to provide a larger deposit. However, with detailed financial records, competitive interest rates are within reach.
At Mortgages By Louise, we are committed to helping individuals navigate getting the perfect self employed mortgage with ease. Contact us today on 07530591219 to begin your journey towards getting the home of your dreams.
Check if You’re Linked to Another Person: Joint accounts or previous applications can link your credit to someone else’s score. Ensure their credit rating doesn’t affect yours.
Check for Fraudulent Activity: Report any incorrect or unfamiliar information on your credit report to the credit reference agency immediately.
Manage County Court Judgements (CCJs): CCJs can severely impact your credit score. If you’re struggling with payments, seek advice from creditors or find free debt advice online.
Taking your first steps toward homeownership as a first time buyer requires careful planning and informed decisions. Mortgages By Louise is dedicated to providing the guidance and support first time buyers need to make this process as smooth and successful as possible. Contact us today on 07530591219 to start your journey towards owning your dream home in Blackpool.
Facing the property market alone as a self employed individual can be daunting, but Mortgages By Louise is here to make it easier. Here’s why we’re the best choice for a self employed mortgage in Blackpool:
Bespoke Mortgage Solutions: We thoroughly assess your income records and long-term financial goals to offer tailored mortgage solutions designed specifically for self employed borrowers.
Better Approval Rates: We know exactly what lenders look for, so this gives us a chance to present your application in the best light, significantly increasing your chances of mortgage approval, even if your income is variable.
Ongoing Support: Our relationship doesn’t end once your mortgage is secured. We continue to offer guidance and advice as your financial situation evolves, ensuring your mortgage remains the right fit for your needs.
Expertise in Self-Employed Mortgages: Our team has plenty of experience working with self employed people. Our mortgage advisors will make the process of getting a mortgage straightforward, keeping you in the loop every step of the way.
Personalised Advice and Guidance: We know that no two self employed individuals are alike. That’s why we take the time to understand your unique financial circumstances, ensuring a smooth and personalised mortgage experience.
Bespoke Mortgage Solutions: We thoroughly assess your income records and long-term financial goals to offer tailored mortgage solutions designed specifically for self employed borrowers.
Streamlined Process: The mortgage process can be time-consuming, especially for self employed individuals. We handle everything from the initial application to final approval, saving you time and effort.
Ongoing Support: Our relationship doesn’t end once your mortgage is secured. We continue to offer guidance and advice as your financial situation evolves, ensuring your mortgage remains the right fit for your needs.
Choosing Mortgages By Louise for your self employed mortgage in Blackpool means partnering with a team dedicated to helping you find the best possible mortgage solution. Call us today on 07530591219 to get started.
Q1: What is a self employed mortgage? A: A self employed mortgage is tailored for individuals who work for themselves, such as freelancers, contractors, or business owners. These mortgages typically require more comprehensive income documentation but are designed to meet the needs of self employed borrowers.
Q2: Why should I use a mortgage broker for a self employed mortgage? A: Mortgage brokers have access to a wide range of lenders, many of whom specialise in self employed mortgages. They offer expert guidance and help simplify the process, ensuring you have the best chance of securing a mortgage that meets your needs.
Q3: What documents are needed for a self employed mortgage? A: Lenders generally require two years of tax returns, business accounts, and proof of ongoing income. A mortgage broker can help you gather and present these documents effectively.
Q4: Can I get a self employed mortgage with fluctuating income? A: Yes, many lenders offer mortgages for individuals with variable income. A broker can help you find lenders that understand the nature of self employment and provide flexible mortgage options.
Q5: How long does it take to get a self employed mortgage? A: The process can take between 4 to 8 weeks, depending on how quickly you can provide the necessary documentation. A mortgage broker can help speed up the process by ensuring everything is in order.
If you would like to know more about getting a self employed mortgage in Blackpool or for information about our other services, contact us today. Our professional team are happy to answer any questions you may have and provide you with the best solution for your needs. Simply fill in our contact form, call us on 07530591219 or email a member of our team: louise@mortgagesbylouise.co.uk.
We’re happy to come out and see you in person, including evenings and weekens!
Based in Thornton Cleveleys, Lancashire, and helping clients across Lancashire and the UK.
Mortgages by Louise & Associates provides expert mortgage, protection and insurance advice. Mortgages by Louise & Associates is a trading name of Just Mortgages Direct Limited and Mortgages by Louise & Associates is the name under which we carry out these services.
Mortgages by Louise & Associates is not a business in its own right, it is part of Just Mortgages Direct Limited, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited. Just Mortgages Direct Limited was set up in 1989 and has been part of The Openwork Partnership since 2016.
The Openwork Partnership is one of the UK’s largest Financial Advice networks, with over 4,500 advisers and in excess of 700 appointed representatives based throughout the UK.
Our advisers at Mortgages by Louise & Associates will get to know your individual circumstances, establish what your goals are and what the right mortgage and protection arrangements are for you.
Disclaimer:
The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable in any other country which may have access to it.
Mortgages by Louise & Associates, 17 Victoria Road East, Thornton Cleveleys, FY5 5HT
Mortgages by Louise & Associates is a trading name of Just Mortgages Direct Ltd, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Just Mortgages Direct Ltd registered office: Colwyn House, Sheepen Place, Colchester, Essex, CO3 3LD Registered in England & Wales No 2412345
The Information on this website is subject to the regulatory regime and is therefore targeted at consumers in the UK.
Approved by The Openwork Partnership on 30/10/2023.