Discuss how your income is assessed
Being self-employed does not determine the outcome of a mortgage application on its own. Lenders assess income and affordability in different ways and may ask for evidence suited to your trading arrangements.
The evidence may differ
Depending on the lender and your circumstances, evidence may include accounts, tax calculations, tax year overviews, business or personal bank statements and details of your trading history. A sole trader and a company director may need different documents.
Plan around your whole financial position
Your deposit, regular commitments, credit profile and the property remain relevant. Income changes or a recent change in business structure can affect the information a lender needs.
Before we speak
- Explain whether you are a sole trader, partner or company director.
- Have an outline of your trading history and income available.
- Tell us about recent changes and existing financial commitments.
- Wait for a secure document request before sharing financial records.
Talk about your circumstances
Call 07771 112070 or start a WhatsApp conversation. Please do not send identity documents, bank statements or medical information through an initial website or WhatsApp enquiry.