Mortgages_Self-Employed

Being self-employed can be complicated at times, especially when searching for mortgages. Every bank and building society are different, and no two self-employed applications are the same. We take a personal approach to ensure you are in safe hands as we explore your mortgage options to find the most suitable solutions. 

Depending on how you have set up your business – as a sole trader, limited company, or partnership – your income will be assessed differently. Here are some important things to know when considering a mortgage if you are self-employed: 

  • Not all mortgage providers are the same. 

  • If set up as a limited company, some providers will use different elements of your income from your company accounts to assess affordability.

  • As little as one year’s self-employment can be considered.
  • Some mortgage providers can use the latest year’s self-employment figures for affordability assessments to determine how much they would consider lending.
  • CIS workers and contract workers can be viewed as self-employed by some mortgage providers but as employed by others – knowledge of the mortgage market is essential.

These are just a few important factors that can make searching for a mortgage a bit more complicated. Our extensive knowledge of the mortgage market and self-employment mortgage criteria can help find the right mortgage provider for your needs.