Self-Employed Mortgage

Whether you’re a company director, sole trader or a contractor, we can help you find the right self-employed mortgage. We’ve spent years assembling and fine-tuning our wealth of self-employed mortgage advice and it is at your disposal! So contact us and speak to a specialist self-employed mortgage advisor today.

What is a self-employed mortgage?

You’ll usually be considered self-employed if you own a 20% share or more in a business from which you get your main income. You could be a sole trader, a company director or contractor.

And if you’re self-employed and applying for a mortgage, apart from the process having a slightly longer conveyor-belt, you’ll usually find it’s an almost identical process to if you’re applying for a mortgage as a permanent employee.

Getting a Self-Employed Mortgage

However when it comes to getting a mortgage and you’re self-employed there are some other factors you should consider. To find out more, please contact our whole of market mortgage advisors.

It’s fair to say it does involve more legwork. So you may find it’s particularly useful to speak to a specialist self-employed mortgage advisor. However once you’ve proven you have a reliable income, the process is largely identical to getting a standard mortgage. And you should be eligible for the same mortgage products as someone in a comparable, permanent job.

When it comes to getting a mortgage when you’re self-employed, having records for at least two years of generating steady self-employed income puts you in a stronger position to get a mortgage. If you’ve been trading for a shorter period of time, you may still be able to get a mortgage but you’ll have less choice. So it’s a good idea to speak to a specialist mortgage advisor about your options. Contact us today!

When you’re self-employed and apply for a mortgage, most lenders will ask for two or more years of certified accounts. However some lenders will accept less. And they’ll also want to see your SA302 tax calculations or tax year overviews for the past two or three years. While if you’re a contractor, evidence of upcoming contracts will usually be required. If you’re a company director, you’ll usually need to give evidence of dividend payments and/or retained profits as well.

Just like when you apply for a standard mortgage you’ll need to provide photo ID, proof of address and bank statements. However there may be some additional documents you’ll need to supply depending on your circumstances. For example if you have a permanent role alongside your self-employment you should provide recent payslips and your latest P60.

How are my earnings calculated?

When calculating your self-employed earnings most lenders will look at your net profit over the previous two to three years if you’re a sole trader. And they’ll take an average from those figures. While if you’re a director of a limited company, lenders will look at your salary and dividends or share of net profit.

If you’re a contractor, some lenders may be prepared to take an annualised figure from your day rate.

Want to find out more about how it all works? Contact us, and one of our team will talk you through the process!

How can I improve the chances of getting a self-employed mortgage?

It’s important to do everything you can to boost the chances of your mortgage application being accepted. And some easy ways to do this include:

Applying for a Self-Employed Mortgage

Before applying for your mortgage, it is worth investing some time finding a chartered accountant to prepare your accounts. We can help you get your finances to optimal operation levels!

We’ve spent years assembling and fine-tuning our wealth of mortgage advice. So don’t think twice about getting in touch for a consultation or evaluation with one of our specialist self-employed mortgage advisors. We are always glad to help!

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances, with the fee being up to 1% but a typical fee is £495.

Your home may be repossessed if you do not keep up the repayments on your mortgage.

What makes us different?


Peter & Frances
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“We would just like to say THANK YOU to you all at The Poulton Branch in helping us to obtain a remortgage. Special thanks goes to Marc Bennett, who was very helpful and extremely patient during the process. Marc was an absolute star, providing us with constant updates and much appreciated professional advice. We are eternally grateful for what you managed to accomplish on our behalf, we are delighted!”
Amanda & Nolan
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“Thanks so much for all the help and support you provided during our recent house move, Sam and team! In the period of stress and uncertainty, The Mortgage Factory shone out as being consistently helpful and professional. The help, guidance and direction is so very much appreciated. Thanks again.”
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“I just want to sat a huge thank you for helping me purchase my second property. I know it was tricky at times, and you invested a lot of your time into making sure things progressed Professional and friendly, as always.”
Chris & Kiera
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“Sam, and everyone at The Mortgage Factory. Thanks so much for helping us to buy our first house. You went above and beyond, and we really appreciate all of your hard work.”
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“I just want to say thank you for everything you have done in helping me buy my first home. You made the process stress-free, and I couldn’t be happier!”

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