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Self Employed Mortgage

Self-Employed? We’ll Help You Secure the Right Mortgage

Being self-employed offers freedom and flexibility, but applying for a mortgage can sometimes feel like an uphill battle. At SMG Mortgages, we specialise in helping freelancers, contractors, sole traders, and business owners secure the right mortgage—no matter their income structure or trading history.

Why Is It Harder to Get a Mortgage When You’re Self-Employed?

Unlike salaried employees, self-employed applicants don’t always have a fixed monthly income, which can make lenders more cautious. They typically look for a stable financial track record to assess your ability to repay a loan. However, with the right approach and expert guidance, securing a mortgage is absolutely possible.

Can You Get a Mortgage with Just One Year of Accounts?

Yes! Many lenders will consider applications from those with a limited trading history. At SMG Mortgages, we work with lenders who understand self-employed income and can help you find the best mortgage options based on your situation.

What Do Lenders Look for in a Self-Employed Mortgage Applicant?

When reviewing a mortgage application, lenders typically assess:

  • Proof of Income – This includes tax returns (SA302s), business accounts, and bank statements.
  • Business Stability & Profitability – A consistent track record of income and financial growth strengthens your application.
  • Credit Score – A good personal and business credit history can improve your chances of approval.

How to Strengthen Your Mortgage Application

To improve your chances of securing a mortgage:

  • Keep Your Accounts in Order – Ensure your financial records are accurate, up to date, and professionally prepared.
  • Improve Your Credit Score – Paying off outstanding debts and avoiding missed payments can boost your creditworthiness.
  • Prepare Additional Documentation – Some lenders may require future income projections or a letter from your accountant.
  • Work with a Specialist Broker – We connect you with lenders who understand the unique financial circumstances of self-employed applicants.

How SMG Mortgages Can Help

We know that navigating the mortgage market as a self-employed applicant can be complex, which is why we offer:

  • Access to a Wide Range of Lenders – Including those specialising in self-employed mortgages.
  • Tailored Mortgage Advice – We assess your financial position and find the most suitable mortgage deal for you.
  • Support with Documentation – Helping you present your income clearly and effectively.
  • Guidance Every Step of the Way – From application to approval, we ensure a smooth and stress-free process.

What You’ll Need to Apply

When applying for a self-employed mortgage, lenders typically require:

  • 2-3 years of business accounts (if applicable)
  • Tax returns (SA302s)
  • Personal and business bank statements
  • Proof of identity (passport or driver’s license)
  • Details of any outstanding debts

CIS Contractors – Specialist Mortgage Support

If you’re a contractor working under the Construction Industry Scheme (CIS), getting a mortgage can feel more complicated due to fluctuating income.

However, we work with lenders who understand CIS income structures and can help present your earnings in the best possible way.

Get Expert Mortgage Support Today

Securing a mortgage as a self-employed individual doesn’t have to be stressful. With the right preparation and expert guidance, you can get the deal you need. Contact us today to get started!

📞 Speak to SMG Mortgages Now