Self Employed

Even though you may earn more than the average employed person, being self employed means the process of getting a mortgage can be difficult and frustrating. Fortunately, our team of mortgage advisers can ensure that you tick all the boxes before submitting your application.

What counts as self-employment when applying for a mortgage?

When you apply for a mortgage, you could be a sole trader, a partner or director, or a contractor who has set up a limited company. As a general rule, we’ll need to see proof of your income for the past two complete tax years.

How are self-employed mortgages different to standard mortgages?

As you might not have payslips to prove your income, we’ll need to see certain documents to help us be confident that you can afford to borrow the amount you need to buy a home. We’ve outlined those documents below as a guide - but your situation is unique, so we may ask you for more documents when you apply.

What documents do I need to apply for a self-employed mortgage?

If you are a sole trader or in a partnership, you will be required to provide tax calculations and tax year overview forms. These can be provided by your accountant or requested from HMRC.

If you are a Limited Company, you will be required to provide tax calculations and overview forms in addition to your company accounts, ideally for 3 years.

If you are applying for a mortgage as a Limited Company Director, you will be required to provide either your salary and dividends or evidence of your net profit plus salary.

Our team of experienced advisers will undertake a full review of all documents to assess which options are suitable for you.