Posted by Devenia Besant on 03 Feb 2019

I’m self employed can I get a mortgage? is a question often asked to the mortgage advisors at Absolutely Mortgages.  As this is a worry for the self employed and small business owners Absolutely Mortgages have done a useful write up of what you need to obtain one and hopefully quash any worries you may have, so here’s what they’ve said:

If you are self-employed and looking for a mortgage you might think this is going to be a daunting task.  Provided you fulfil the lenders criteria and can submit the right supporting documents you shouldn’t have any more difficulty than someone who is on PAYE.   If you have literally just started your own business, then unfortunately the chances of you getting a mortgage are null, this is because the lender will be looking to see that your business has got a trading history, to see if it is profitable and that you can prove your income either through Tax Calculations (SA302’s) and/or company accounts.

Some lenders will only lend to you if you have 3 years trading figures, many will accept 2 years and there is one High Street lender that will consider you if you only have 1 year’s tax return.   For 2 years trading or more, the lender will expect to see an increase in income year on year, some exceptions may apply.

  • If you are a sole trader or Partnership the lender is likely to want to see tax calculations with tax year overviews, to prove your income.
  • If you are a Director of a Limited Company with over 20% shares; they will want to see tax calculations and/or company accounts or they will contact your Accountant to confirm income. The Accountant must have a recognised professional qualification. Lenders will want to know your Directors salary, share of net profit and dividends drawn.
  • If you are a self-employed contractor the lender will be looking for a continuous employment history in contracting for a specific period, usually about 2 years and that there is a minimum period of about 6 months left on your current contract.

Every lender has different criteria any broker will find a lender that best fits your circumstances.

Simon – Absolutely Mortgages

As someone that works with the self employed and small business owners I hope this eases any worries you may have about obtaining your first or next mortgage.


Devenia Besant
Devenia (Dee) Besant is the founder of Epsom and Ewell Families. Runs a busy household as a mummy of 3 and a wife and some would say crazily committed to helping small businesses and the local community.

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