Being self employed can be fantastic; flexibility, doing something you enjoy, managing a team around you to name a few. But getting a mortgage if you are self employed may not always be as straightforward as an employed person who can quite often simply provide their payslips. Whether you are a sole trader, part of a partnership, or a Limited Company Director, we get to know you and how you operate. We work with many lenders who accommodate self employed income in varying ways, and the way your income is assessed by a lender can impact how much the lender can offer you. Below are a few of the different self employment types we can support.

Self Employed Mortgages

Sole trader or partnership

Notes about ltd company director

Types of self employment

A partnership is a business structure where two or more people share ownership and management responsibilities. Each partner contributes to the business, whether through finances, skills, or resources, and shares in the profits and losses. Partnership income is declared on your personal self assessment tax calculations, each partner reports their share of the partnership's income on their personal tax return. A lender will request your full tax return and your self assessment tax calculations and tax year overviews for assessment.

As a director of your own limited company, mortgage lenders offer various affordability options based on your shareholding. Each lender varies in their assessment criteria. We work with lenders who consider both your salary and dividends, as well as those who assess net profits pre or post corporation tax, along with your director's salary. The available borrowing amount can vary significantly depending on whether we consider salary and dividends or net profit and salary.