When applying for a mortgage, the normal process for people who are self employed is to show three years' accounts. If that’s not possible the lender may be happy with a letter from an accountant.  For individuals who have just begun as a self employed person a lot will depend on what they were doing before. For example, whether or not they have a track record in that industry.

A common problem for the self employed is that accounts may understate the real position Lenders tend to assess individuals on how much profit they are getting from the business and often this is quite legally understated by accountants. This has the effect of cutting down the amount you self employed individuals can borrow. 

One solution is to opt for a self certification mortgage offered by subsidiaries of many of the major lenders in the UK. 

If you work on a contract you can get a mortgage, but it is often not as easy as it is for traditionally employed people. Some lenders will be satisfied if you can prove that your contract has been renewed by the same employer. Others may want to see a pattern of renewals over a period of one or two years. 

Special deals for the self employed

We have access to mortgage lenders who provide a solution for the self employed through what are known as self certification mortgages.  A number of these schemes are only available through mortgage advisers such as ourselves and we have access to special deals which are not generally available.

Self certification requires that you make a declaration as to what is your income, but you do not need to provide proof.

We'll find the best deals for you

The smart way to arrange your mortgage is to get an expert to do all the shopping around for you. 

An independent mortgage broker, has access to all the mortgage lenders in the UK with over 8,500 different types of mortgage products available.

Contact us and let an expert advisor find the best products for you.

There is no obligation and it costs nothing to see what your options are. 

Help is available even if you've had problems getting a mortgage elsewhere.