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Self-Employed Mortgages

Expert Self-Employed Mortgage Advice

At CMA Mortgage Brokers, we specialise in helping self-employed individuals secure the right mortgage. Whether you’re a contractor, freelancer, limited company director, sole trader, or a partner in a firm, our team has the experience to guide you through the process and find solutions tailored to your needs. If you’re self-employed for tax purposes, we’re here to help you achieve your property goals.

Our experienced brokers work with clients across the UK, providing expert advice no matter how complex your financial situation may seem. Whether you’re a first-time buyer, looking to remortgage, or have faced challenges like bad credit, our team is ready to assist.

Tailored Solutions for Self-Employment Scenarios

Limited Company Director Mortgages

Many lenders base mortgage affordability calculations on dividends and salary alone, but that’s not always representative of your actual income. At CMA Mortgage Brokers, we work with lenders who can consider your net profits, gross profits (before corporation tax), and even retained profits. We also factor in deductions like pension contributions to maximise your borrowing potential.

All cases are reviewed individually, allowing us to secure options for those with just one year’s income documentation or a few years’ trading history. We understand the frustrations limited company directors face when applying for a mortgage.

Contractors

Contractors can face unique challenges when applying for mortgages, but our expertise ensures you’re in safe hands. Whether you’re on a day rate or have a fixed-term contract with at least six months remaining, we’ll connect you with lenders who offer competitive terms based on your annualised income as calculated from your day rate.

We assist all types of contractors, from IT professionals to those on zero-hour contracts, including bank nurses.

Sole Traders and Partnerships

For sole traders and LLP partners, lenders typically assess income based on your latest year’s net profit as shown on your accounts. We work with lenders who can use just a single year’s figures, simplifying the process for those with less time in business.

Please ensure your tax calculations are up to date (no older than 18 months), as lenders require the latest information.

Law Firm Partners

If you’re a law firm partner, your income is usually treated similarly to that of a sole trader. For new partners, we can even use a letter from your law firm confirming your projected earnings for the coming year to support your application.

Self-Employment and the Lender’s Perspective

Self-employed individuals often assume getting a mortgage is more difficult, but this isn’t always the case. Lenders’ requirements for self-employed applicants vary significantly, and that’s where our expertise comes in. As a whole of market mortgage broker, CMA Mortgage Brokers works many lenders, offering various alternatives if you’ve been declined elsewhere. We’ve successfully helped clients with:
  • Only one year's accounts
  • Fluctuating profits
  • Recent transitions from sole trader to limited company
  • Historical bad credit
No matter your circumstances, our team will explore every avenue to find the right lender for you.

Trading History Requirements

While most lenders look for at least two years’ trading history, we’ve secured mortgages for clients with just 12 months – or even as little as six months – if there is evidence to support a successful transition from self-employment to a limited company structure.

How Much Can You Borrow?

Mortgage affordability depends on your financial profile, which lenders assess using detailed affordability models. However, these often translate to borrowing limits of around 4.5 to 6 times your annual income for many self-employed applicants.

Specific calculations depend on your employment structure:

  • Limited Company Directors
Some lenders can consider your profit before or after corporation tax and salary to maximise borrowing potential. Whereas some lenders only use salary and dividends. This is why it’s important to use a whole of market mortgage broker like us.
  • Sole Traders & Partnerships
Your borrowing capacity is typically based on net profit as reported in your tax returns.
Mortgage Calculator

Why Choose CMA Mortgage Brokers?

At CMA Mortgage Brokers, we remove the stress from mortgage applications by providing:

Personalised Advice

We work with you to understand your financial background and goals.

Extensive Lender Options

Whole of market access means you’ll find competitive and flexible offerings.

Tailored Support

Whether you're a first-time buyer, remortgaging, or planning a new property purchase, we’ll guide you at every step.

Secure Your Self-Employed Mortgage Today

Getting a mortgage as a self-employed individual doesn’t have to be difficult. With CMA Mortgage Brokers by your side, we’ll make the process clear, straightforward, and tailored entirely to your circumstances.

From expert advice to securing competitive rates, our team is here to help you turn the key to your dream home.

Contact us today to get started and discover how we can help with your self-employed mortgage needs.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Your Trusted Mortgage Experts

Contact us today for fee free mortgage advice!

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