I’m self employed, will I be able to get a mortgage?

Getting a mortgage if you are self employed can certainly be more difficult than for other types of mortgage borrowers but let’s start by explaining there is actually no such thing as a ‘self-employed mortgage’.

It can certainly be trickier to arrange a mortgage if you are self-employed but the type of mortgage you will get is just the same as every other borrower.

It can seem daunting to navigate the requirements a lender may have: Are you a sole trader, are you a partnership, are you a Ltd company? Did you start as a sole trader then went Ltd?

Some specific concerns and questions you may have include:

  • Will my income be considered stable enough to qualify for a mortgage?
  • Will I be required to provide additional documentation to prove my income?
  • Will my self-employed status make it more difficult for me to get approved for a mortgage?
  • Will I need to provide more information about my business finances?
  • Will my mortgage rate be higher because I am self-employed?
  • Will I be able to use my business assets as collateral for a mortgage?
  • Will I be eligible for any special mortgage programs designed for self-employed individuals?

All these questions can make a mortgage application for those who are self-employed seem complicated but let our awesome experienced advisers (who like you are ALL self-employed themselves so fully understand) take the stress away and give you the very best chance of obtaining your dream.

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

Speak with an expert.