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Self Employed Mortgage Advice in Durham

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Discover the possibilities of Self Employed Mortgages!

It can understandably seem unfair that employed applicants have to jump through far fewer hoops than self-employed applicants when buying or remortgaging a home. However, mortgage lenders use their own scoring cards based on historical risk hence the need for self-employed mortgage advice.


Therefore, seeking Mortgage Advice in Durham from an experienced broker like us will prove invaluable if you are a business owner looking to buy a new/your first property or remortgage.


Rest assured, we have lots of experience obtaining mortgages for our self-employed clients.  We work with a large panel of lenders and have in-depth knowledge of their lending stance.


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 007

Popular Self Employed Scenarios

We work with all types of self-employed clients, all needing assistance with mortgages. Here are just a few of the scenarios that we are used to dealing with:

  • Are you a company owner, director, sole trader or partner and want mortgage advice?
  • Have you been turned away by your bank?
  • Have you got a fluctuating net profit?
  • Only been trading for one year?
  • Bank won’t lend you enough?
  • Are you paid a combination of salary and dividends, or leave your net profit in your business?
  • Self-employed and got an unusual situation?
  • Are you self-employed and need help getting a mortgage?


Self Employed customers often struggle to get the ball rolling when it comes to mortgage deals. Without an experienced Mortgage Broker in Durham, like us on your side, it can sometimes prove to be difficult!

Why you should a Mortgage Broker in Durham?

There are many reasons why a Mortgage Broker in Durham would help you out during the mortgage process. However, there are even more reasons why you should choose Durhammoneyman, here’s why:

  • We work for you! We are not linked to estate agents so will be open and honest with you.
  • It’s our job to make you feel relaxed and comfortable right from your initial enquiry to getting your keys – We pride ourselves on 5-star service!
  • See our genuine customer reviews at Reviews.co.uk.
  • Unlike your bank, we search 1000’s of first-time buyer mortgages to find the most suitable one for you.

Here at Durhammoneyman, there is always someone available to talk to as we are available 8am-10pm, 7 days a week. Speak to an experienced Mortgage Advisor in Durham today and receive a free initial mortgage consultation.

What our customers say

Common mortgage

Your free mortgage consultation in Durham will last round about one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.

As your mortgage broker in Durham, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Durham. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

An Agreement in Principle typically lasts for between 30 and 90 days depending on the Lender used. If your Agreement in Principle expires it can always be refreshed.

It may be possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let in Durham.

The minimum deposit when purchasing a house in Durham with High Street Lenders is typically 5%. This can be higher if you have had previous credit problems.

If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

Once you have submitted at least one year’s accounts, you are able to get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average.



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 Durham.

Step 3

Make an offer on the property in Durham 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

Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2021 Durhammoneyman

Durhammoneyman – Portland House, Belmont Business Park, Durham, DH1 1TW

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