Self-Employed Mortgage
Running your own business? Getting a mortgage is possible — even with irregular income.
Mortgages for the self-employed
Getting a mortgage when you're self-employed can be more complex than for an employed applicant, but it's absolutely achievable. The key is properly documenting your income and choosing the right lender.
How do lenders assess self-employed income?
The way income is assessed depends on your business structure:
- Sole trader — lenders look at net profit from the business
- Limited company director — lenders typically consider salary + dividends; some will also consider net company profit
- Partnership — share of business profit
- Contractor — some lenders accept a day rate multiplied by 46 weeks
What documents do I need?
Lenders typically require:
- 2–3 years of tax returns (SA302) or accountant-prepared accounts
- HMRC Tax Year Overview
- Bank statements from the last 3–6 months
- For limited companies: full company accounts
Some lenders will accept just 1 year of trading history.
How much can I borrow?
The amount you can borrow depends on your documented income. Most lenders will lend up to 4.5x annual income, and some up to 5.5x for higher earners. It's important that your income is stable or growing over the last 2–3 years.
We specialise in complex cases
We have extensive experience working with self-employed clients and understand the nuances of different business structures. We know which lenders are most flexible. Get in touch — a free initial consultation comes with no obligation.
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