Mortgage rates and types

How to get a mortgage when self-employed

Being self-employed comes with many responsibilities. The last thing you need is to worry about whether you can get a mortgage. To help, we’ve created a handy guide with tips on how to secure a mortgage when self-employed and what you can do to give yourself the best chance of being accepted.

When am I considered self-employed?

You’re considered self-employed if you currently own a 20% share or more in a business that contributes the majority of your income.

To meet the mortgage requirements, lenders need a clear picture of your earnings. You’ll need to provide proof of your income over the past two years.

In this guide, we’ll take you through several tasks you can do to boost your chances of being accepted for your mortgage.

Self-employed mortgage criteria

The process of being accepted for a mortgage is more challenging for those who are self-employed but it’s certainly not impossible. You can improve your chances of first time approval by following these self-employed mortgage tips below.

Provide two years income evidence

When applying with us, you'll need to provide evidence of your income from your self-employed business.

You can provide two fully submitted tax assessments and your tax year overview.
Alternatively, using an SA302 form provides an indication of your financial history and can help support your mortgage application. 



Save a generous deposit

The bigger your deposit, the more options you will have.

With a lower Loan To Value (LTV) mortgage you will get a better mortgage rate, pay less interest each month and potentially pay off your mortgage quicker.


Maintain a good credit score

Having a good credit score is very important when applying for a mortgage.

A high credit score means lenders will view you as a responsible borrower and they’ll be more likely to accept your application for a mortgage.

Why not start an Agreement in Principle?

It takes less than 10 minutes, plus you can save and continue from where you left off.

More accurate than our mortgage calculator, because it's personalised to you.

Useful to show your estate agent that you're serious and gives you more confidence in the price of properties you can afford.

Uses your credit score without affecting it.

You're not committing to get a mortgage with us but, if you do want one, then you'll need an Agreement in Principle first.


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