Recently self-employed
A shorter trading history does not automatically mean you have to wait for another set of accounts before asking what is possible.
Compare self-employed mortgage options from more than 100 UK lenders, including routes for 1 year accounts, CIS workers, contractors and freelancers. The initial check takes around 60 seconds and will not affect your credit score.
Different lenders assess self-employed income in different ways. Tell us how you are paid and what you want to achieve, and our advisers can review the routes that may fit your circumstances.
A self-employed application is often less about whether you earn enough and more about which lender's calculation fits the way you earn it. The form above starts by identifying that income route so the adviser has useful information from the first conversation.
A shorter trading history does not automatically mean you have to wait for another set of accounts before asking what is possible.
CIS workers can be assessed differently from a traditional sole trader, depending on the lender and evidence available.
Contract, project and multiple-client income can require a different lender approach from standard PAYE income.
Salary, dividends and the wider company position can all be relevant when the lender assesses affordability.
Self-employed criteria are not identical across the market. Rather than starting with a headline rate, the useful first question is how the lender will interpret your income and trading history.
The number of completed years and how recently the business started can change the lender pool.
Sole traders, directors, CIS workers and contractors are not necessarily assessed using the same income evidence.
Supplying the right documents and explaining the income structure clearly can make the underwriting process more straightforward.
The form captures the key income route, trading history and mortgage figures without making you complete a full fact find.
An adviser considers your circumstances and the types of lenders that may assess your income appropriately.
If there is a suitable route, the adviser can explain the next documents, costs and application steps. There is no obligation from the initial check.
Potentially. The lender choice is narrower than for a longer-established business, but the form is designed to identify this immediately so the adviser can focus on criteria that may accommodate a shorter trading history.
Some lenders have specific CIS criteria and may assess the income differently from standard self-employed accounts. The exact calculation depends on the lender and your evidence.
Depending on the lender and contract structure, a contractor may be assessed using accounts, contract/day-rate information or another lender-specific method.
Not necessarily. Different lenders can take different approaches to limited company directors, so the adviser will look at your shareholding, remuneration and company position before deciding which criteria are relevant.
No. The initial eligibility questions do not themselves run a lender credit search. A credit search would only form part of a later application process where applicable.
Start with a few quick questions above. We will capture whether you have 1 year accounts, work under CIS, contract, freelance or run a company, then route the enquiry with the relevant mortgage details.
Your home may be repossessed if you do not keep up repayments on your mortgage. Mortgage availability and the amount you can borrow are subject to individual circumstances, affordability, lender criteria and underwriting.