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Self-employed mortgage guide
You can be your own boss and get a mortgage for a new home.
How long do I need to be self-employed before applying for a mortgage?
Most lenders need two or three years of accounts as proof that you can afford to repay the mortgage. However, it's still possible to get a mortgage under that timeframe if you have a good credit score and a sizeable deposit.
If you were working full-time previously, your pay slips from this time may be acceptable.
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You may just need to give a little more information to your mortgage lender to show that you can keep up your monthly repayments:
- Two years’ evidence of a regular income and account statement.
- SA302 forms or a tax-year overview for the past three years.
- Evidence of profits or dividends if you own a business.
- Evidence of upcoming work or business if you work as a trader or contractor.
You may also have to provide proof of accounts certified by a registered accountant.
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If you’re a small business owner, you may need to give some more information like:
- Operating costs.
- Travel and commuting costs.
- Office or equipment rental costs.
- Business insurance information.
- Credit card and loan statements.
- Car or other vehicle leases.
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- Simple to use, step-by-step guide
- Find the right mortgage deal for you
- Keep track of your progress all in one place
Already started your mortgage journey?
You could lose your home if you don’t keep up your mortgage repayments
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