Self-employed
Mortgage advice for self-employed people.
Self-employed income does not always fit neatly into a standard PAYE box. Lenders assess it in different ways, and the way your accounts are presented can make a real difference. We explain your circumstances properly and look at lenders whose criteria may suit your position.
Who this is for
- Sole traders
- Limited company directors
- Contractors working on day rates
- Freelancers with variable income
- People with one year of accounts
- Anyone whose income is a mix of salary, dividends and retained profit
How we help.
Presenting your income properly
Lenders read accounts differently. Some use salary and dividends, others consider retained profit. We look at how your figures are best presented and which approach suits your position.
One year of accounts
Some lenders will consider applicants with a single year of accounts, though criteria vary and nothing is guaranteed. We look at what is realistic for your case before you apply.
Getting the paperwork right
Tax calculations, tax year overviews, accountant references and business bank statements are all commonly requested. We tell you what to gather up front.
Comparing across the market
Criteria for self-employed applicants vary widely. We compare lenders and explain honestly where your case is likely to sit.
Worth knowing
before you start.
- Lenders usually want to see accounts prepared by a qualified accountant.
- A recent drop in profit will need explaining, so it is better to raise it early.
- Criteria vary between lenders and change over time.
- Being self-employed does not stop you getting a mortgage — it just needs a clear picture.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.
What happens next
Start with a conversation.
Tell us what you are planning. We will explain the options, tell you what we need, and aim to come back to you the same day.
Common questions
Some lenders will consider applicants with one year of accounts, but criteria differ and there is no guarantee. We will look at your figures and explain what is realistic before you apply.
It varies. Some use salary plus dividends, others will consider retained profit in the business. We look at which approach suits your accounts.
Commonly, two to three years of accounts or tax calculations and tax year overviews, plus personal and business bank statements and identification. We will give you a specific list.
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Let's talk about
your mortgage.
Tell us what you're planning. We'll explain what happens next and aim to come back to you the same day.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.