Self Employed Mortgages

There is a misconception in the mortgage market that it is harder to obtain a mortgage if you are self-employed. At The Mortgage Library, we don’t discriminate and have helped many self-employed clients in achieving their ambitions.

Self Employed Mortgage Advice

Specialist mortgages for self employed customers

Our brokers are experts at placing self employed mortgages! Call us today on for free initial advice on our library of self-employed products.

Self Employed Library Archives

Sole Traders, Partnerships, Company Directors and Limited Companies all fall under the Self-Employed category. Generally, you will be classed as self-employed if you own more than 20-25% of the company although this may vary depending which lender you approach.

If you are on a contract and you pay your tax annually, you could also be classed as self-employed.

Rumours have it that obtaining a mortgage when you are self-employed is a complicated and stressful ordeal, however this is just a misconception.

At The Mortgage Library, our experts have years of experience and know the hacks behind sourcing you the best deal in the quickest possible time. We believe that self-employed people have just a good a chance at obtaining a mortgage as once else. As with any other form of income being used, having a healthy deposit and a good credit rating will really help your chances of securing the product you want.

In order to prove your income, you will need to demonstrate a history of your earnings. Typically, most lenders will need to see at least a two/three-year track record, however there are a small number who will consider lending on just one year’s income.

You will need to provide either:

  • Certified Accounts
  • SA302s/Tax Computation with the supporting Tax Year Overviews
  • Evidence of previous and upcoming contract (if you are a contractor)
  • Accountant’s Certificate

In most cases, you will need to have had your accounts prepared by a fully qualified chartered accountant.

Speak to a mortgage advisor today

Find out how our librarians can help you

01702 899 072

Open 7 days a week including bank holidays
Mon - Fri: 9AM - 6PM, Weekends & Bank Holidays: 10AM - 4PM

Bespoke advice
Passionate librarians
Free quotes
No obligation

The Mortgage Library Discussions

By Georgie Harris  |  29 May 2020

Owning property to rent out can be a great investm [...]

By Georgie Harris  |  22 April 2020

So it's week 4 (or 5?!) in the Big Brother house… [...]

By Mollie Rising  |  11 April 2020

Covid-19 is affecting us all now, including those [...]

By Maria Bartholomew  |  07 April 2020

2020 – the year we find ourselves coping with the [...]