Self-employed mortgage advice
Self Employed Mortgages
Mortgages For Sole Traders, Directors & Contractors
If you are self-employed and looking to buy, move or remortgage, lenders may ask for different evidence of income. The Mortgage Hive can help you understand what may be needed and which lenders could fit your circumstances.
Income evidence and criteria
Self Employed? Struggling For A Mortgage? We Can Help.
Self-employed mortgage applications can involve extra checks, but that does not mean the process needs to be confusing. Different lenders assess sole traders, partnerships, company directors, contractors and freelance workers in different ways.
Your adviser can help you understand how income may be assessed, what documents may be needed and whether a lender could consider one year’s accounts, retained profit, salary plus dividends or contractor income.
Sole traders and partnerships
Company directors
Contractors and day-rate workers
One year’s accounts where a lender may consider them
Freelance workers and varied income
Free consultation
Start Your Self Employed Mortgage Enquiry
Tell us about your work, income and mortgage plans, and we will help you understand the next steps.
What Documents Could Evidence My Income?
The documents requested will depend on your trading style and the lender. These may include SA302 tax computations, tax year overviews, company accounts, bank statements, contracts or an accountant certificate.
If you complete your own self assessment, you can usually obtain tax documents through your Government Gateway. Your accountant may also be able to provide suitable evidence.
What Credit Score Do Lenders Need?
Self-employed applicants are still assessed for credit history, affordability and deposit or equity. The criteria can vary between lenders, so it helps to review your credit file and your income evidence before applying.
Your adviser can compare lender criteria and help you avoid applying to a lender that is unlikely to fit your circumstances.
Lender comparison
We Compare High Street And Specialist Lenders
Some lenders are more flexible than others when assessing self-employed income. We can compare suitable options across high street and specialist lenders, subject to your circumstances and the evidence available.
Advice before you apply
Don’t Get Stung, Let The Mortgage Hive Help You Prepare
Good preparation can make the mortgage process smoother. We can help you understand what lenders may ask for, how your income could be presented and which mortgage route may be suitable.
Tailored mortgage advice
Your Situation Is Unique So Is Our Advice
Every self-employed borrower is different. We will review how you are paid, how long you have traded and what evidence you can provide before recommending a suitable next step.
Whether you are a sole trader, director, contractor or freelancer, the right lender depends on your income, credit profile, deposit and overall affordability.
Ready To Review Your Self Employed Mortgage Options?
Speak to The Mortgage Hive and get clear guidance before you apply.