Self-employed mortgages
Sole traders, partners, contractors and company directors: lenders who read your accounts the way they are meant to be read.
Your income, as lenders see it
Lenders do not all read accounts the same way. The right one for you depends on how you pay yourself, and that can change what you may borrow.
- Sole traders and partners: your share of the profit
- Directors: salary and dividends, or company profit
- Contractors: some lenders use your day rate
What lenders ask the self-employed for
Most lenders want two years of figures; a few accept one. Some use your salary and dividends, others your share of the company’s profit.
- Two years of accounts or tax calculations
- Tax year overviews for the same years
- Six months of business bank statements
- Company directors: salary and dividends paid
Years of accounts
One or two
Income used
Average of the last two years, or the latest
Contractors
Day rate can be used
New businesses
Fewer lenders; ask us
Start with a free first call
Twenty minutes on the phone or by video. Have a rough price and deposit in mind; we tell you what the lenders will ask for and what we charge, before anything is done.