Self Employed
Sole Trader/ Partnerships
If you operate as self-employed or are a sole trader and are seeking a mortgage, you will have access to the same lenders and products as everyone else. However, your borrowing will be based on either an average of your latest 2 years net profit or most recent year, dependant on figures.
LTD Company Director
As a Ltd Company Director you have the benefit of being able to approach your application using either; share of net profit or salary + dividends. You may have further options available dependant on the nature of your business, make up of shareholding and lenders criteria.
FAQ
Can I get a mortgage on 1 year accounts?
In the majority of cases lenders will require your latest 2 years of accounts. However, there are lenders who will consider 1 full year of accounts.
I'm a CIS contractor, can I get a mortgage?
There are lenders available who will consider lending to CIS contractors with a minimum 6 month history.
Can I borrow on my most recent tax return?
Dependant on your circumstance, figures involved and reason, there are lenders that will consider using your most recent years tax figures for affordability purposes.
Contact Us
Why not give us a call on 0203 633 4342, for an initial chat with one of our Mortgage Advisors?
0203 633 4342