Income that doesn’t fit a box
Self-employed & contractors
Self-employed income is assessed differently from a salary, and lenders vary in how they treat profit, dividends, retained earnings and contract rates. Knowing which lender views your income most fairly can make a real difference.
How we can help
What we take care of
- Sole traders, partners, limited company directors and contractors
- Understanding which years’ accounts or tax calculations lenders will use
- Lenders that consider shorter trading histories
- Preparing the paperwork before you apply
Worth knowing
Things to consider
- i.
Most lenders ask for one to three years of accounts or tax calculations.
- ii.
A falling year of profit may be averaged or the lower figure used.
- iii.
An accountant’s reference can help for some lenders.
Common questions
Questions we often hear
I have only been trading for a year. Can I get a mortgage?
Some lenders will consider applicants with around twelve months of trading history, depending on the wider picture. We will help you find out where you stand.
Let’s talk it through.
Every mortgage starts with a conversation. Tell Leon where you are and where you’d like to be, and we’ll take it from there, at your pace.