Can you get a mortgage if you are self-employed?

Being self-employed doesn’t stop you getting a mortgage. As long as you’ve got a steady flow of earnings, you could be in the running for a great deal!

Lenders will need some extra proof that you can afford the repayments. Instead of payslips, they’ll likely look at your tax returns, bank statements and business accounts to check your income. The key to securing a competitive rate is showing lenders you’re a safe bet.

Not all lenders treat self-employed applications the same way. Some are more flexible than others, offering deals tailored to those with variable incomes. That’s why it’s important to compare self-employed mortgage deals and rates to find the right match for you.

Are you eligible for a self-employed mortgage?

Being self-employed doesn’t mean you need a special type of mortgage. You’ll typically be applying for the same mortgages, at the same interest rates, as an employed applicant. The key difference is that lenders may want to see more proof of your income and potentially future work prospects to feel confident you can afford the repayments.

Here’s what lenders will typically want to see:

Proof of income

This depends on the lender’s requirements but they may need evidence of regular income for two years or more, and/or SA302 forms or a tax year overview for the last three years. You may also need evidence of upcoming work or business if you work as a trader or contractor.

Deposit

The bigger your deposit, the better! A larger deposit can open the door to more mortgage options, lower interest rates and smaller monthly repayments.

Credit score

A solid credit history is beneficial. If your credit score is in good shape, you’ll look like a more reliable borrower and this could boost your chances of approval.

Each lender has their own criteria, so it’s always a good idea to compare options to find the mortgage that works best for you.

How much can I borrow with a self-employed mortgage?

When it comes to borrowing with a self-employed mortgage, there’s no simple one-size-fits-all answer. Lenders will need to be sure that you can afford the repayments now and in the future, which can be trickier to assess for self-employed borrowers.

Lenders will typically look at the following factors to determine how much they’re willing to lend you:

  • Income: They’ll typically offer up to four and a half times your annual earnings. If you are self-employed, you’ll could need at least two years of accounts or tax returns to prove your income.

  • Monthly outgoings: Lenders will consider your regular expenses like bills, credit card payments and loans. They may also use government data to assess living costs.

  • Creditworthiness: A solid credit report may help to boost your chances of approval.

  • Affordability stress tests: Lenders will check if you could afford your mortgage if interest rates rise. If you’re borrowing more for things like home improvements, lenders will also want to ensure you can handle the increased payments.

  • Equity in your home: The more equity you have, the better your deal. A lower loan-to-value (LTV) ratio can help you access more competitive rates.

  • Joint applicants: If you’re applying with a partner, their income can boost how much you can borrow, particularly if they are employed rather than self-employed.

The key takeaway is that while the process is a bit more involved for the self-employed, having your finances in order can help you get the best possible deal.

What are the steps to arranging a self-employed mortgage?

Arranging a self-employed mortgage may initially seem daunting, but following these steps can help you find the right deal for your needs:

Mortgage guides

Answering your questions about self-employed mortgages

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Page updated on 11th September 2025, Reviewed by Richard Groom