Self Employed Mortgage: Approval In Minutes

We can connect you with a suitable broker today to give you the YES you have been waiting for

Loan Options


How to Save

Mortgage Options

No matter the complexity of your situation, we have you covered. Whether you have bad credit or are self-employed

Self-Employed Mortgages in the UK: Everything You Need to Know

If you’re self-employed and looking to buy a property, you may be wondering if getting a mortgage is possible. Self-employed mortgages in the UK can be more challenging to obtain than traditional mortgages, but it’s not impossible. In this article, we’ll cover everything you need to know about self-employed mortgages in the UK, including the requirements, documents needed, and tips for increasing your chances of getting approved.

Requirements for Self-Employed Mortgages

The requirements for self-employed mortgages in the UK are generally the same as for traditional mortgages, with a few additional requirements. Here are the key requirements you need to meet to qualify for a self-employed mortgage:

Minimum Income: You will need to show proof of your income, which must meet the minimum income requirement set by the lender. The minimum income requirement varies by lender, but it’s typically higher than for traditional mortgages.

Minimum Trading History: Lenders will want to see a minimum of two to three years of trading history to verify your income and assess the stability of your business.

Good Credit Score: A good credit score is essential when applying for any mortgage, and this is no different for self-employed mortgages. Lenders will review your credit score to determine your creditworthiness and assess the risk of lending to you.

Adequate Deposit: You will need to have a sufficient deposit to put towards the property purchase. The minimum deposit required varies by lender, but it’s typically around 10-20% of the property value.

Documents Needed for Self-Employed Mortgages

To apply for a self-employed mortgage in the UK, you will need to provide several documents to verify your income and business. Here are the key documents you will need to provide:

SA302 Tax Calculation: This is a document issued by HM Revenue and Customs that shows your income, tax paid, and any tax due. You will need to provide SA302 tax calculations for the previous two to three years.

Tax Year Overviews: These are documents that show your tax payments and any outstanding tax owed for each tax year. You will need to provide Tax Year Overviews for the previous two to three years.

Business Accounts: You will need to provide business accounts for the previous two to three years. These accounts should be prepared by a certified accountant and show your business income, expenses, and profits.

Bank Statements: You will need to provide your personal and business bank statements for the previous three to six months.

Tips for Increasing Your Chances of Getting Approved

If you’re self-employed and looking to get a mortgage in the UK, here are some tips to help increase your chances of getting approved:

Improve Your Credit Score: A good credit score is essential when applying for any mortgage, and this is no different for self-employed mortgages. Make sure to check your credit report and address any issues that may negatively impact your credit score.

Save for a Larger Deposit: Saving for a larger deposit can help you secure a self-employed mortgage, as it reduces the risk to the lender.

Consider a Guarantor Mortgage: A guarantor mortgage involves having someone with a good credit score and income act as a guarantor for the mortgage. This can help you secure a mortgage if you’re struggling to meet the requirements on your own.

Use a Specialist Lender: Specialist lenders are more likely to consider self-employed individuals for mortgages, as they have more experience dealing with non-traditional income streams.

Seek Professional Advice: If you’re struggling to secure a self-employed mortgage, seek professional advice from a mortgage broker or financial advisor. They can help you understand your options and guide you through the application process.

Bad Credit Mortgages

From low credit scores to bankruptcy find out how the right broker can help you get a mortgage with bad credit.

Self Employed Mortgages

Get matched with a mortgage broker today who specialises in the self-employed and people with complex incomes.


How much you could save on your remortgage with the help of a mortgage broker who specialises in refinancing.

Why Choose Us

We can help you navigate the complex and often overwhelming process of obtaining a mortgage. We have access to a wide range of lenders and mortgage products, which means we can help you find a mortgage that best fits your specific financial situation and goals.

We can also help you compare and negotiate mortgage rates and terms, potentially saving you money in the long run. Additionally, we can help you with the paperwork and documentation required to apply for a mortgage, ensuring that the process is as smooth and stress-free as possible.

Get Started 100% Digitally

In today’s fast-paced world, more and more people are looking for convenient and efficient ways to manage their finances, including their mortgages. This is where a digital mortgage broker can be a valuable resource. With a digital mortgage broker, you can get started on your mortgage application 100% digitally, without ever having to leave your home or office.

News & Resources

Navigating Increasing Mortgage Rates: How to Secure a Cheaper Deal in the UK

In the United Kingdom, homeowners who have been enjoying the stability of a fixed-rate mortgage are now facing a common predicament - the end of their fixed-rate term. When a fixed-rate mortgage matures, borrowers often find themselves confronted with the prospect of...

What is the Support for Mortgage Interest (SMI) Scheme?

The government offers Support for Mortgage Interest (SMI), a loan intended to assist in making interest payments on your mortgage or home improvement loan. This article explains how SMI works, who is eligible, and how to repay the loan, as well as providing...

Mortgage Lending Criteria

Getting a mortgage in the UK can be a daunting task, as each lender has their own set of eligibility criteria. With over 70 banks, building societies, and specialist mortgage providers in the UK, finding a lender that meets your requirements shouldn't be too...

Understanding the Impact of Interest Rate Changes on Your Mortgage Payment

If you're a homeowner with a mortgage, you're likely aware that changes in interest rates can affect your monthly payments. The Bank of England, which sets the base rate for borrowing, recently announced a rise in interest rates from 0.1% to 0.25%, the first increase...

Join Our Newsletter

Sign up to get the latest news.