Self-Employed Mortgage Advice

As expert mortgage brokers, we understand the unique challenges faced by self-employed applicants. Whether you're a sole trader, limited company director, or contractor, we're here to help.

Expert Advice for Self-Employed Mortgages

As a mortgage broker, we know that many self-employed applicants find the process of obtaining a mortgage quite challenging. Lenders need complete confidence that you can afford the monthly mortgage payments.

The factors they will consider include your income or salary, bank statements, your previous years of accounts, and business operating costs and expenses.

Types of Self-Employed Applicants We Help

Sole Traders

Assessed on net profit from self-assessment tax returns.

SA302s required

Company Directors

Typically assessed on salary plus dividends or share of net profit.

SPV advice available

Partnerships

Assessed on their share of the partnership's net profit.

Accounts needed

Contractors

Freelancers working through an umbrella or limited company.

Day rate assessment

Thousands of Self-Employed Mortgage Products

Our mortgage advisers are always on hand to help you secure a product that is appropriate for your circumstances. We providing clear and simple guidance throughout the entire mortgage process, offering fast and friendly advice whilst supporting your application with reference to your income.

As specialist brokers, we have the ability to search through thousands of competitive mortgage products specifically tailored to self-employed applicants.

How Lenders Assess Your Income

Trading Profits

Base assessment on net trading profits from your SA302 or tax calculations.

2-3 years average

Salary & Dividends

Common for directors. Some lenders also consider retained profits.

Tax calculations

Contract Rate

Some lenders will annualise your day rate for assessment.

Annualised rate

Recent Performance

Certain lenders place more weight on your most recent year's figures.

Recent growth

Why Choose Us for Your Self-Employed Mortgage?

Access to specialist self-employed mortgage lenders

Expert guidance on documentation requirements

Whole of market comparison across thousands of products

Support with accountant references and tax returns

Advice on improving your mortgage application

Free initial consultation with no obligation

Self-Employed Mortgage FAQs

Most high-street lenders require 2 to 3 years of trading history. However, we have access to specialist lenders who can consider your application with only 1 year of finalized accounts or tax calculations (SA302).

Yes, it is possible. You will typically need to provide your first year's tax return (SA302) and may need a larger deposit (usually 15% or more). Lenders will also look at your previous experience in the same industry.

You'll generally need your last 2 years of SA302 tax calculations and corresponding Tax Year Overviews from HMRC. If you're a director, you'll also need 2 years of certified accounts. Most lenders also require 3-6 months of personal and business bank statements.

Lenders look at your 'Net Profit' after all business expenses but before tax. Most will take an average of the last 2 or 3 years. If your profit is increasing, some lenders may use the most recent year's figure.

Not necessarily. If you meet the standard criteria and have 2+ years of accounts, you can access the same competitive rates as employees. Rates only increase if you use specialist lenders for 1-year trading history or adverse credit.

Still have questions? Our expert advisers are here to help.

Ready to Discuss Your Self-Employed Mortgage?

Get in touch today for a free initial consultation. Our expert advisers specialise in helping self-employed individuals and company directors.

Ready for Your Mortgage Journey?

Get expert mortgage advice with no obligation. Our specialists are here to help you find the perfect mortgage solution for your needs.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.