Insights for homebuyers

Securing a mortgage isn’t always simple, especially if you’re self-employed. As a nature of the way you work, your income pattern won’t always be as straightforward as some lenders prefer it to be.

We’ve put together six top tips if you’re looking to get a self-employed mortgage:


1. Consider using a broker

The home buying journey can be a complicated journey so having an experienced guide throughout can make all the difference. Brokers have whole of market experience so can outline all the options available to fit your individual circumstances. 

Small business owner on phone

Lenders will typically ask to look at two to three years’ worth of accounts, as proof you have a good level of income. Since Covid-19, it is also important to show your business has recovered to pre-pandemic levels to instil confidence in the lender you can meet mortgage repayments.


3. Get your accounts in order

You will need to provide documentation to prove your income, which will vary depending on the lender. Making sure you know which documents lenders will ask of you and having this to hand will save time and help speed up the process.


4. Evidence a steady stream of work

To prove that you’re a reliable borrower, it’s important to demonstrate a steady stream of work that has been maintained over time. It is equally important to show a strong pipeline of upcoming work to reassure lenders.


5. Improve your credit profile

There are many ways to boost your credit profile. Simple steps such as registering on the electoral roll, paying off debts and meeting regular payments will over time make a difference.


6. Save a bigger deposit

Having a bigger deposit will better your chances of securing a mortgage for self-employed and demonstrate you aren’t a risk to lend to. Review your monthly expenditure to see where you can afford to cut back and put towards saving for a deposit and utilise fixed term savings accounts to benefit from a more favourable interest rate.


For more information:

Mortgages for the self-employed



Subject to status. Your mortgage is secured on your property.  Your property may be repossessed if you do not keep up repayments.

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