As long as you can prove you have the income to make the mortgage repayments, your chances of borrowing are as good as anyone else’s.
Our team are ready to find you the most suitable deal.
Our team’s knowledge of the self-employed mortgage market, and excellent relationships with lenders, ensure you get the best offers
We research and compare thousands of self-employed mortgage deals to ensure we can tailor a deal suited to you
We’ve no tie-ins with certain lenders. As we’re fully independent and unbiased our focus is solely on finding the best option for you.
With no obligation on the offers we secure, we don’t ask for any payment until your self-employed mortgage deal is complete
Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.
To be deemed self-employed, it means you will own 25% or more of a business. If you are in a partnership or a sole trader, your lender will view you as being self-employed.
The good news is that the market is improving and more and more self-employed people are being approved mortgages.
Yes you can, but with self-employment rising in recent years, and your long-term financial position perhaps less certain than those working as employees, you’ll need to meet certain criteria.
As a general rule, lenders are simply looking for evidence of reliable earnings and regular records of your income. Crucially, they need to be confident that you can sustain your current level of income in the years to come.
Typically lenders will look for you to have two years’ worth of accounts and tax returns. In some cases, you might need to provide up to three years’ worth.
Being able to prove that you have an income plentiful enough to make the necessary repayments is crucial, so a solid track record of regular contract work may be to your advantage.
If you're a contractor, you may have to evidence future work, to show that your level of income will be sustained. Some might want to see a projection of your future earnings in the form of upcoming contracts.
At MortgageKey we find that the majority of lenders work under the impression that being self-employed should not limit the mortgage options available to you. Most lenders will gain you access to a range of mortgage deals which include fixed, variable and tracker mortgages. And, as we can compare and search through thousands of self-employed deals from leading providers on your behalf, we’ll be able to find an offer best suited to your circumstances.
Like in any mortgage, the bigger deposit you can initially put down the better. You could also perform a credit check on yourself to ensure everything is as it should be beforehand.
Seeking the advice of an experienced and respected mortgage broker like MortgageKey beforehand will also ensure you are advised on any further steps you should take, whilst they will also research and find the most suitable deals.
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