We already advise business owners and company directors on protecting the things that are most important to them. So, we’re well-placed to advise on the  mortgage options if you if you are self-employed.

Lenders will class you as self-employed if you are a sole trader, a partner in a partnership or a company director with an identified percentage shareholding, typically 20% and above.

We can advise you on what you’ll need to supply to verify your self-employed status and with our expert, professional guidance, we can cut through the options and recommend the a suitable mortgage for your needs.

Cutting through the myths of mortgages for the self-employed:

• There are several mainstream lenders who will lend to applicants with just one year’s trading figures, so there is no need to wait if you have recently become self-employed. However, the majority will want two years trading figures.
• In general, lenders will work off the average of the last two years’ income figures:
  • For sole traders, this is the average of your last two years’ net profit (after all costs and expenses have been deducted from your turnover)
  • For limited company directors, lenders will use a combination of salary and dividend income
  • Some lenders will use salary and share of the net profit from a business, if you are a limited company director. If a director is not receiving all the profits available within the business, this option can yield greater affordability, if needed.

You’ll have access to all the same mortgage products available to employed applicants.