In a world where side hustles are booming and more people are ditching the 9-to-5, homeownership might feel like an unachievable dream — especially if you’re your own boss. But despite what you may have heard, being self-employed doesn’t mean you can’t get a mortgage.
With the right guidance, proof of income, and a little strategic planning, securing a mortgage as a self-employed applicant can be entirely possible.
Here’s what you need to know.
1. Understand What Lenders Are Looking For
Self-employed applicants are often judged more closely on income stability and affordability. Lenders want to know:
- How long you’ve been trading
- Whether your income is consistent or growing
- If your finances are well-documented
While traditional employees might only need a few payslips, freelancers or directors may need to show:
- Two to three years’ worth of accounts
- SA302s or HMRC tax calculations
- Business bank statements
Top Tip: The cleaner and clearer your records, the better.
2. Registering as Self-Employed? Get Your Paperwork in Order
Whether you’re a sole trader or a limited company director, make sure you:
- Submit tax returns on time
- Keep personal and business accounts separate
- Work with a qualified accountant (many lenders will look for accounts signed off by one)
Even if you’re only one year into your venture, some lenders will still consider you — particularly if your previous employment was in a similar field.
3. Don’t Let the Myths Fool You
Think you can’t get a mortgage because you’re a makeup artist, content creator, or Etsy seller? Think again. Lenders are adapting — and many now understand that digital businesses and gig economy roles are legitimate income sources.
With the right adviser (👋 that’s where we come in), your income can be presented in a way that makes sense to lenders.
4. Why Use a Mortgage Broker?
Mortgage brokers like Your Mortgage Shop specialise in finding lenders that are flexible and open-minded about income types. We:
- Match you with the right lender for your setup
- Understand the nuances of self-employment
- Make the application process smooth and stress-free
5. Ready to Buy? Here’s What to Do Next
✅ Gather your income proof
✅ Check your credit score
✅ Save for a deposit (at least 5–10%)
✅ Book a call with one of our advisers
Even if you’re not ready yet, it’s never too early to start a mortgage plan.
Being self-employed doesn’t mean you’re off the property ladder — it just means you need a smarter route up. At Your Mortgage Shop, we’re here to make that climb easier, clearer, and completely possible.
📍Get in touch today to start your self-employed mortgage journey.
