Can self-employed people get a mortgage?
General information only. This is not financial advice.
Last reviewed: 2026-06-06
Can self-employed people get a mortgage?
Yes. Self-employed people can get mortgages in the UK. Most specialist lenders use your net profit (for sole traders) or salary plus dividends (for limited company directors) to assess affordability. You will typically need at least two years of trading history, SA302 forms or certified accounts, and an HMRC Tax Overview. Some lenders will consider one year of accounts if your income is strong and your deposit is sufficient.
How do lenders assess self-employed income?
For sole traders and partnerships, lenders look at net profit from SA302 forms or certified accounts, usually averaged over two to three years. For limited company directors, most lenders add salary plus dividends; specialist lenders may also include retained profits in the calculation. The income figure used directly determines how much you can borrow — which is why the structure of your income matters as much as the amount.
How many years of accounts do I need?
Most lenders require two full years of accounts or SA302 forms. A small number of specialist lenders will consider one year if you have a strong income, a larger deposit, and a clear work history in the same sector. More years of consistent or growing income generally improves both your lender options and the rates available to you.
What documents do I need for a self-employed mortgage?
You will typically need: SA302 forms or certified accounts for the last two to three tax years; HMRC Tax Overviews for the same period; three to six months of personal and business bank statements; proof of identity and address; and a summary of any existing debts or credit commitments. A specialist broker can advise which specific documents each lender requires before you apply.
Does reducing my taxable income affect how much I can borrow?
Yes. Maximising legitimate business expenses reduces your tax bill but also reduces the net profit or dividend figure lenders use to assess affordability. If you are planning to apply for a mortgage within the next two to three years, speak to a specialist broker before making significant decisions about profit extraction, expense claims, or company structure.
Can I get a self-employed mortgage with one year of trading?
Fewer lenders will accept one year of self-employment, but it is possible with the right lender and circumstances. A larger deposit, a strong income for the year, and a prior employment history in the same profession all help. Some lenders look at projected income if you have an accountant letter or a signed contract confirming future earnings. A broker who specialises in complex income cases can identify which lenders will consider your specific situation.
Risk warning
Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home. This article is general information only and does not constitute financial advice.
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