Self Employed Mortgages

“If I am self-employed, can I get a mortgage?”
The simple answer to that question is YES!

It’s a myth that it’s now almost impossible to get a mortgage if you are self-employed and want to purchase a home. While it is true that it can be a little more challenging than normal in certain situations, this is something that can be managed – if you have the right people on your side. That’s where Mortgage Squared can help.

Who offers Self-Employed Mortgages?

Now we have established that being self-employed doesn’t take you out of the mortgage market; you are probably left wondering which lenders offer self-employed mortgages.

While you may think that the bigger lenders don’t offer mortgages for self-employed people, you would, in fact, be wrong. When it comes to mainstream lenders, they will have different criteria and requirements from you to qualify for one of their mortgages.

Some lenders out there will require one year of your full accounts so that they can prove your income, other lenders may request up to three years. Lenders will also want to look closely at your profit margins on a year to year basis, as well as other criteria that often comes into account.

This specific detail will vary between lenders and speaking to a mortgage broker with experience will often be the best thing you can do. In this situation, a mortgage broker will already have dealt with many of the lenders and will know their requirements, thus reducing enquiry time for you.

When it comes to preparing for a self-employed mortgage, having an idea of what they will ask for is always helpful.

  • Up to 2-3 year’s worth of account information. However, there are some lenders that will consider applications with just 1 year of trading.
  • 3-6 months of business bank statements. While some lenders may only ask for three, having six months will always be best practice.
  • Three years of SA302 tax forms will also be required.

(Please note – these aren’t all the documents you will need for a full mortgage application).
We have a full guide to self-employed mortgages here.

How Much Can You Borrow with a Self-Employed Mortgage?

This is the most commonly asked question among people who are applying for mortgages when self-employed. Unfortunately, the answer is not as straightforward as people think.

There used to be a time where the amount you could borrow was calculated on how much you earned and multiplied by around four. Nowadays, the process is more in-depth. Lenders will now consider income patterns, affordability, spending habits and monthly outgoings – particularly those that won’t change when you move.

As a self-employed person, lenders will also want information on past and future contracts as well as looking at your payment growth and projected plans over the years.

If you are self-employed and you are looking for a mortgage, contact one of our team today on 01202313182 or request a callback and one of our experts will be in touch.

financial advisor dorset
Self Employed Mortgages Dorset
Self Employed Mortgages Dorset
mortgage broker dorset
Commercial Mortgages & Business Loan Broker Bournemouth

Today’s best deals

Find and compare the best mortgage deals

Mortgage finder

Search through thousands of online deals and find one suitable for you. It’s important to remember that the best mortgage deals are not necessarily about getting the lowest mortgage rate possible, you also need to take into account all the fees and charges associated in setting up your new mortgage deal.

Compare mortgage deals

Whether you are looking to remortgage, move home, find a first-time buyer mortgage, or a buy-to-let, we can help. We compare thousands of mortgages to help you find exactly what you are after.

Financial calculators and helpful guides

Financial calculators

Our mortgage calculators are there to help you get your head around all the figures.

Helpful guides

Sometimes we get inquisitive and want to know more so here are some guides to help you.


Protecting your future is always a great idea. Our range of home, life and landlord insurance offers great protection for you and your family.

Stamp duty

You must always factor in stamp duty when considering how much deposit you need to buy a house.


We are a friendly, helpful team of expert advisors and would love to assist you.