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We Specialise In Self-Employed Mortgages
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Boost Your Borrowing
Borrow up to 6 times your income with only one year's accounts. We have access to specialist income boosting lenders not available to the general public.
Searching For a Solution?
No matter if you are a limited company director, sole trader, partner, freelancer, landlord; we have the right mortgage solution for you.
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Keep Money In The Bank
You only need a 5% deposit (or equity if a remortgage). This will allow you keep back money for home improvements, debt consolidation, future purchases, etc.
Self Employed Experts.
Unlike most mortgage lenders, our team understands financial accounts.
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Latest Year Figures
Retained Profit
Gross Profit
If there is an upward trend in income across the last few years, it makes sense to your latest year only (instead of averaging).
If you decide to keep money in the business, this can still be used in the affordability calculation.
Our lenders will consider using gross profit, instead of net profit, which will help to maximise your mortgage.
In this self-employed mortgage guide:
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Is it possible to get a mortgage with only one year's accounts?
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Which lenders will consider just one year's accounts?
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What evidence do I need?
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How much can I borrow?
Is it possible to get a mortgage with only one year's accounts?
Yes, it is possible to get a mortgage with just one year of financial accounts. Most lenders will require two or even three year of trading history to consider a mortgage application. This is because a self-employed person is considered more risky due to fluctuating income and therefore, there is a higher chance that a person may miss or default on payments.
Which lenders will consider just one year's accounts?
There are several lenders that will consider accepting just one year of financial accounts. However, depending on the lender, different rules and criteria are in place. For instance, some lenders will require a 25% deposit or cap lending at 4.5X income. Additionally, certain lenders will require a perfect credit history (with no missed payments).
What evidence do I need?
For most lenders, your latest HMRC tax calculation (SA302) / tax returns and financial accounts / accountant certificate is requested. Often, applicants have a HMRC tax calculation available but their first year financial accounts has not been prepared yet. In these cases, it is best to use a lender that only requests an tax calculation.
How much can I borrow?
In theory, you can borrow up to 6 times your income. We have lenders that offer this borrowing amount.
However, it does depend on your specific circumstances. It it best to talk to a mortgage advisor as they will find the most suitable option for you.