[et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.27.9″ _module_preset=”default”][et_pb_row _builder_version=”4.27.9″ _module_preset=”default” column_structure=”1_2,1_2″ theme_builder_area=”post_content”][et_pb_column _builder_version=”4.27.9″ _module_preset=”default” type=”1_2″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.9″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n
FOR THE SELF-EMPLOYED<\/p>\n
Running your own business shouldn’t make buying a home harder. As a specialist self employed mortgage broker, we know which lenders accept one year’s accounts, how each one works out your income, and how to present your case so it has the best chance of approval.<\/p>\n
\u2605\u2605\u2605\u2605\u2605<\/span> 5.0 from 120+ Google reviews \u00b7 FCA authorised \u00b7 English, Lithuanian & Russian<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column _builder_version=”4.27.9″ _module_preset=”default” type=”1_2″ theme_builder_area=”post_content”][et_pb_image src=”https:\/\/smfinancelounge.co.uk\/wp-content\/uploads\/2026\/11\/Web-2.jpg” _builder_version=”4.27.9″ _module_preset=”default” theme_builder_area=”post_content” alt=”Ieva Mascinskaite, self employed mortgage adviser at SM Finance Lounge” title_text=”ieva-mascinskaite-self-employed-mortgage.jpg” max_height=”480px” border_radii=”on|12px|12px|12px|12px” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.27.9″ _module_preset=”default” background_color=”#e8f1ed” hover_enabled=”0″ sticky_enabled=”0″][et_pb_row _builder_version=”4.27.9″ _module_preset=”default” theme_builder_area=”post_content”][et_pb_column _builder_version=”4.27.9″ _module_preset=”default” type=”4_4″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.9″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n When you’re self-employed, lenders usually work out your income from your SA302 tax calculations<\/a> and tax year overviews, or from accounts prepared by your accountant. But they don’t all use the same figures:<\/p>\n Average of two years.<\/strong> Many lenders take the average of your last two years’ profit. If your income has grown, this can hold you back.<\/p>\n<\/div>\n Latest year only.<\/strong> Some lenders will use your most recent year’s figures, which can help if your business is growing.<\/p>\n<\/div>\n One year’s accounts.<\/strong> A number of lenders, including some on the high street, will consider a self employed mortgage with just 12 months of trading, often depending on your previous experience in the same line of work.<\/p>\n<\/div>\n Many people are told they need two or three years’ accounts before they can buy. Often that isn’t true. It depends on choosing the right lender for your figures.<\/p>\n \u2713<\/span> Your latest SA302s and tax year overviews (1 to 2 years) We look at your figures the way a lender will, then match you with lenders whose rules suit how long you’ve been trading and how your income has changed. We prepare your case properly, deal with the lender’s questions and keep you updated, so you can keep running your business.<\/p>\n A REAL CLIENT STORY<\/p>\n Other brokers told her she needed two years’ accounts. With just 12 months’ trading, we secured a mortgage offer from a high street lender in less than a week, with a 5% deposit.<\/p>\n Every case is different. Mortgages are subject to lender criteria and affordability.<\/p>\n<\/div>\n Yes, several lenders will consider one year’s trading, especially if you worked in the same field before going self-employed. We’ll check which lenders suit your situation.<\/p>\n<\/details>\n Some lenders use the lower of your last two years, while others look at the average or the trend. A clear explanation for the drop can also help. We’ll find the lender that suits your figures.<\/p>\n<\/details>\n Some lenders accept a 5% deposit from self-employed applicants, while others ask for 10% or more. A bigger deposit usually means more choice and better rates.<\/p>\n<\/details>\n Not always. Many lenders work from your SA302s and tax year overviews, which you can download from HMRC. Some will ask for accounts or an accountant’s certificate.<\/p>\n<\/details>\n Directors of limited companies are assessed differently. See our limited company director mortgages<\/a> page.<\/p>\n<\/details>\n Yes, and some lenders can use your gross CIS income. See our CIS contractor mortgages<\/a> page.<\/p>\n<\/details>\n Want a quick idea first? Try our mortgage borrowing calculator<\/a>.<\/p>\n<\/div>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.27.9″ _module_preset=”default”][et_pb_row _builder_version=”4.27.9″ _module_preset=”default” theme_builder_area=”post_content”][et_pb_column _builder_version=”4.27.9″ _module_preset=”default” type=”4_4″ theme_builder_area=”post_content”][et_pb_code _builder_version=”4.27.9″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n <\/p>\n <\/div>\n <\/div>\n [\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" FOR THE SELF-EMPLOYED Self employed mortgages Running your own business shouldn’t make buying a home harder. As a specialist self employed mortgage broker, we know which lenders accept one year’s accounts, how each one works out your income, and how to present your case so it has the best chance of approval. Book a Free […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-82385","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/smfinancelounge.co.uk\/ru\/wp-json\/wp\/v2\/pages\/82385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smfinancelounge.co.uk\/ru\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/smfinancelounge.co.uk\/ru\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/smfinancelounge.co.uk\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smfinancelounge.co.uk\/ru\/wp-json\/wp\/v2\/comments?post=82385"}],"version-history":[{"count":3,"href":"https:\/\/smfinancelounge.co.uk\/ru\/wp-json\/wp\/v2\/pages\/82385\/revisions"}],"predecessor-version":[{"id":82389,"href":"https:\/\/smfinancelounge.co.uk\/ru\/wp-json\/wp\/v2\/pages\/82385\/revisions\/82389"}],"wp:attachment":[{"href":"https:\/\/smfinancelounge.co.uk\/ru\/wp-json\/wp\/v2\/media?parent=82385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How lenders assess a self employed mortgage<\/h2>\n
What you’ll usually need<\/h3>\n
\u2713<\/span> Sometimes accounts or an accountant’s certificate
\u2713<\/span> Recent personal and sometimes business bank statements
\u2713<\/span> Proof of any other income
\u2713<\/span> Photo ID and proof of address, plus proof of deposit if you’re buying<\/p>\n<\/div>\nHow we help with your self employed mortgage<\/h2>\n
Self employed mortgage FAQs<\/h2>\n
Can I get a mortgage with one year’s accounts?<\/summary>\n
My profit dropped last year. Will that be a problem?<\/summary>\n
How much deposit do I need as a self-employed applicant?<\/summary>\n
Do I need an accountant?<\/summary>\n
I’m a company director, not a sole trader. Is this the right page?<\/summary>\n
I work in construction under CIS. Does that count?<\/summary>\n
Talk to a specialist about your self employed mortgage.<\/h2>\n