Self-employed mortgages

Gaining a self-employed mortgage isn’t easy, but it’s not impossible. There are lenders out there who are approving mortgages with just one year’s worth of accounts.

As long as your accounts have been sorted by a chartered accountant, there’s a good chance you can achieve self-employed mortgage approval. There are even some lenders who are considering accepting retained profit for business owners, which significantly increases an applicant’s borrowing ability.

Having good credit, a healthy deposit and positive spending history all help towards strengthening your case, so if you can achieve those three stipulations then you’ll be in a better position.

More people are becoming self employed in the UK and as this percentage continues to grow, so too will the amount of lenders easing their criteria on self-employed mortgages.