Self-Employed Mortgages

Maximise your borrowing, minimise your repayments.

Let’s Get You Viewing Homes Faster With A Self-Employed “Mortgage In Principle” In Just 24 Hours

Get Viewing Homes Faster With A Self-Employed “Mortgage In Principle”.

[]
1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
No hard sells. No obligation. Just great advice.
 
By submitting this form you have given your consent for us to contact you to discuss your Mortgage In Principle.
No need to jump through hoops. Start viewing homes faster than ever with our new ‘Fast-Track Accelerator’

Don’t let self-employment hold you back from getting a Mortgage In Principle. Get the peace of mind that you are looking at properties within your budget.

Improve your chances of being accepted. We make it easy for you to qualify.

1 Year Accounts Acceptable, Flexible options, competitive rates, and a hassle-free process. Did we mention we’ll even do all the paperwork?

Get access to specialist self employed & sole trader mortgages.

Access to Over 70+ lenders, exclusive self employed & sole trader mortgage lenders available. We Search 2,000+ products to get you the best deal.

S Ratnam
S Ratnam
February 15, 2023
Fantastic advice and timely execution by Stephen Dickinson. Stephen helped us complete our house purchase in record time. We are very happy to recommend his services to our friends and family.
Kelmend Elezi
Kelmend Elezi
December 19, 2022
As a first time buyer I had many questions and guys never hesitate to answer me each one of them and make sure that I understood everything what they are saying. Thank you guys!
Valentina Cappelli
Valentina Cappelli
December 8, 2022
Although the process has been very lengthy, the team at momentum mortgages kept the focus and delivered what expected
Dan Knox
Dan Knox
December 1, 2022
Can only say good things about Dan and Momentum Mortgages, very helpful with all questions and queries we had. He has found us a great offer considering the current climate with high interest rates, which met our needs. Very personable and easy to talk to, always available when we needed to chat at any times of the day. Would always recommend Momentum Mortgages for a stress-free way to receive the best Mortgage Offer.
Sam Mcnally
Sam Mcnally
October 12, 2022
Fantastic service. Would 100% recommend. Thanks to Dan Tasker @Momentum Mortgages for all your help!
Aimée Bull
Aimée Bull
September 26, 2022
Dan has been brilliant in helping us with our mortgage application from start to finish. As first time buyers, we’ve naturally had a lot of questions, but nothing has been too much trouble for Dan at all - he’s been available whenever we’ve needed his advice and he’s answered every question as thoroughly as possible. We couldn’t have wished for better service and we’re so grateful for all the time Dan’s spent with us to get our mortgage and insurances in place. Would highly recommend Dan to anyone buying their first home or in need or mortgage advice. Thanks again Dan!
sarah palmer
sarah palmer
September 15, 2022
Highly recommend Dan Tasker of Momentum Mortgages. Our situation was not completely straight forward but he made it easy and stress free. Dan kept us informed each step of the way and found us the best deal for our circumstances. We are so pleased and would not hesitate to use Dan again in the future. Thank You!
charlie biggenden
charlie biggenden
September 6, 2022
This is the second time I’ve used Steve and the team and both times they have been very helpful throughout the whole process. Highly recommend momentum mortgages!
Adele Heath
Adele Heath
August 25, 2022
Great working with Craig on a number of complex lending scenarios - I really appreciated the work invested and most importantly the honesty that Craig demonstrated!

A Quick & Easy Way For You To Get A Self Employed Mortgage. 

Getting a mortgage when your self employed isn’t as easy as it used to be.

There are over 4.2 million self-employed people in the UK (Source: Office of National Statistics), yet when it comes to securing a mortgage, self-employed people have many more hoops to jump through than those in PAYE employment. Lenders need to know that you have a predictable, stable income, which isn’t always the case when you are self-employed. 

When applying for a mortgage, there are more checks to undergo and more paperwork to provide. There are many misconceptions around self-employed mortgages. Yes, you will have to provide more paperwork and evidence of income, but as long as you are keeping accurate records and your credit score is good, then we should be able to secure you a mortgage. You could even get a buy to let mortgage or remortgage when self-employed.

At Momentum Mortgages, we specialise in helping the self-employed get mortgages approved. 

We can get you an agreement in principle within 24 hours!

We’ve helped hundreds of sole traders, contractors and business owners, we have access to self employed friendly lenders and have extensive experience with self employed mortgages. We’ve helped many of our clients get a mortgage, and we can do the same for you too.

We’ve helped in many different situations – 

And more, there probably isn’t a case we’ve not come across. 

We even liaise with your accountants directly for you so you dont need to worry about securing any of the documents we need, just focus on running your business and we will get all the documentation quickly for you. 

Stop struggling with how to afford your mortgage and start viewing your dream home.   

Get approved for a self-employed mortgage in principle within 24 hours in just 3 simple steps. 

Here’s how the new ‘Fast-Track Mortgage Accelerator works.

Our expert team specializes in helping self-employed individuals like you get a Mortgage In Principle quickly and easily. Apply now and speak with one of our expert mortgage advisors. You get access to our secure portal where you can quickly and easily upload all the documents we need.

We then Search 2,000+ Products. Everything you need to succeed. We’ll guide you through the whole process, from searching for deals to sorting the legal stuff. Did we mention we do all the paperwork? 

Once you are happy we then apply for your mortgage in principle for you! Once accepted you can hit the ground running and get to viewing homes, once you’ve found your property we can then make the full application to the lender. 

What our clients say

S Ratnam
S Ratnam
February 15, 2023
Fantastic advice and timely execution by Stephen Dickinson. Stephen helped us complete our house purchase in record time. We are very happy to recommend his services to our friends and family.
Kelmend Elezi
Kelmend Elezi
December 19, 2022
As a first time buyer I had many questions and guys never hesitate to answer me each one of them and make sure that I understood everything what they are saying. Thank you guys!
Valentina Cappelli
Valentina Cappelli
December 8, 2022
Although the process has been very lengthy, the team at momentum mortgages kept the focus and delivered what expected
Dan Knox
Dan Knox
December 1, 2022
Can only say good things about Dan and Momentum Mortgages, very helpful with all questions and queries we had. He has found us a great offer considering the current climate with high interest rates, which met our needs. Very personable and easy to talk to, always available when we needed to chat at any times of the day. Would always recommend Momentum Mortgages for a stress-free way to receive the best Mortgage Offer.
Sam Mcnally
Sam Mcnally
October 12, 2022
Fantastic service. Would 100% recommend. Thanks to Dan Tasker @Momentum Mortgages for all your help!
Aimée Bull
Aimée Bull
September 26, 2022
Dan has been brilliant in helping us with our mortgage application from start to finish. As first time buyers, we’ve naturally had a lot of questions, but nothing has been too much trouble for Dan at all - he’s been available whenever we’ve needed his advice and he’s answered every question as thoroughly as possible. We couldn’t have wished for better service and we’re so grateful for all the time Dan’s spent with us to get our mortgage and insurances in place. Would highly recommend Dan to anyone buying their first home or in need or mortgage advice. Thanks again Dan!
sarah palmer
sarah palmer
September 15, 2022
Highly recommend Dan Tasker of Momentum Mortgages. Our situation was not completely straight forward but he made it easy and stress free. Dan kept us informed each step of the way and found us the best deal for our circumstances. We are so pleased and would not hesitate to use Dan again in the future. Thank You!
charlie biggenden
charlie biggenden
September 6, 2022
This is the second time I’ve used Steve and the team and both times they have been very helpful throughout the whole process. Highly recommend momentum mortgages!
Adele Heath
Adele Heath
August 25, 2022
Great working with Craig on a number of complex lending scenarios - I really appreciated the work invested and most importantly the honesty that Craig demonstrated!

CHECK YOUR ELIGIBILITY NOW

It’s quick & easy

*95% Max LTV

FAQs

What documentation and proof of income do I need to provide for a self-employed mortgage? – Mortgage lenders will require you to provide proof of income. Usually, they will ask for up to three years of accounts. If you haven’t had your financial reporting done by a professional accountant, you may need them to provide you with financial accounts in the required standard. If you tend to do your accounts yourself, you may need them looked over and certified by an accountant before the lender is willing to accept them. If you are a contractor, you may be required to provide evidence of confirmed contracts.

Company directors will need to show proof of dividends or retained profits. You will also need to provide accompanying SA302 forms, which are provided by HMRC. They confirm how much income you have reported in a particular tax year. If you have submitted your information to HMRC online, then you should be able to print out your SA302 forms directly from the online portal. As part of the necessary affordability checks, you will be required to provide bank statements showing expenditure.

Depending on the lender, this could be anything from three months to a year’s worth of statements. You will also need to provide proof of deposit. In addition to the amount of money that you have, you will need to state where it has come from. For example, you may have saved up from your earnings, or it may have been gifted to you. If the money was a gift, you may have to provide evidence that you aren’t required to pay the money back, otherwise, it will be classed as an expenditure. Additional committed expenditure can impact the amount you can borrow

 

Download your credit report, make sure there are no errors or correct them. make sure you have no accounts where you owe money, if you are in arrears on any accounts then try and pay them back as fast as you can, don’t miss payments by making sure you have direct debits setup properly, make sure your in the electoral roll, don’t go over any pre agreed credit limits, reduce your debts down as much as possible.

Company directors will need to show proof of dividends or retained profits. You will also need to provide accompanying SA302 forms, which are provided by HMRC. They confirm how much income you have reported in a particular tax year. If you have submitted your information to HMRC online, then you should be able to print out your SA302 forms directly from the online portal. As part of the necessary affordability checks, you will be required to provide bank statements showing expenditure.

Depending on the lender, this could be anything from three months to a year’s worth of statements. You will also need to provide proof of deposit. In addition to the amount of money that you have, you will need to state where it has come from. For example, you may have saved up from your earnings, or it may have been gifted to you. If the money was a gift, you may have to provide evidence that you aren’t required to pay the money back, otherwise, it will be classed as an expenditure. Additional committed expenditure can impact the amount you can borrow

Yes, it is natural for self employed to have fluctuating income, this is why lenders need to be assured of sustainability of your income over the longer term, we are experts at proving this to lenders.  

Obtaining a mortgage requires a host of financial and affordability checks. For self-employed people, it means even more financial hoops to jump through. But there are some things that you can do to increase your chances of being accepted. Put down a larger deposit – the more deposit you can put down the less money you’ll need to borrow and the better the mortgage rate you will get. It really is worth trying to save up more for your deposit as it could improve your chances of being accepted and save you thousands of pounds in the interest of the repayment term. Improve your credit score – correct any mistakes on your credit report and pay off as much debt as you can. Close any old accounts. Ensure that you are on the electoral roll at your current address.  Approach specialist lenders – in theory, self-employed people have the same access to mortgage products as everybody else. Yet there are some lenders who specialise in mortgages for the self-employed. Often, they are better placed to understand the ins and outs of being in self-employment and can offer you mortgage products that others would not. 

The term self-employment covers a range of circumstances. You could be registered as a contractor, sole trader or run your own company as a company director. If over 20% of your income is derived from these activities, then lenders can class you as self-employed for the purposes of a mortgage application

 

Generally the underwriting process takes at most around 5 to 7 days, there is an initial set of documents that the underwriter would request, depending on the complexity of the case the underwriter may come back and request further information, it could be they want further information on your income, generally this is around proving sustainability, so they could request an accountants reference or we might need to provide a covering letter with more information about your business, we are usually very good an anticipating what the underwriter needs, we’ve been told by many underwriters that we think like they do!  

 

Your income will be assessed in line with a lender’s specific criteria and how your self-employment is set up. For example, Freelancers/sole traders – net profit. Partnerships – net profit (your share thereof)Contractor – day rate (annualised)Limited company – salary, dividend payments, and retained profitLenders will also use an average of your reported income. For example, if a lender asks for three years of accounts. They will add your income for those three years together and then divide it by three, rather than taking the last year’s figure. So, if over the last three years, your income was £50K, £50K, and £70K, then the lender will average this out for an income of £56.6K per year.

Yes, but it will depend on the severity, how recent it is, and also your deposit. 

 

This will all depend on how your business is setup, we would usually need accounts or self-assessment tax returns but if you are a contractor then we would also need a copy of your contract. 

If we are talking about your first or next home then it is simple, everyone needs somewhere to live! The other alternative is renting but usually, this is more expensive monthly than buying. If you are buying as an investment then this is trickier to answer. The property may have been a stable investment in the past, but that is no indication of future performance. Typically property tends to yield a reasonable return to comparable alternative methods of investment. 

As we’ve discussed, getting a mortgage when you’re self-employed can be more difficult than a standard mortgage. That’s where Momentum Mortgages can help. We know how to give you the very best chance of securing a mortgage. Our relationships with lenders mean that we know which are more welcoming of self-employed people, who are flexible on the number of years accounts needed, and who can give you the best rates. We do the legwork for you and help you get your finances and paperwork in order. A mortgage application rejection can adversely affect your credit score so if you want to be confident you’ll be accepted before you apply, click here to book a call with one of the team.

About us

Specialist self-employed Mortgage Brokers

My name is Stephen Dickinson, I am an experienced Mortgage Broker and the owner of momentum mortgages. I am a business owner who specialises in helping other business owners and me and the team can help you to get a mortgage whether that is buying your first home, moving house, investing in buy-to-let, or re-mortgages.

In fact, I’m so confident we can help you get a self-employed mortgage that we offer a no-mortgage, no-fee guarantee.

Our Rock-Solid 100% No Mortgage No Fee Guarantee

If we can’t secure you a mortgage I can promise you will receive every penny of your fee back. 

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

Useful Links

Why Momentum Mortgages?

Podcast Interviews With The Momentum Mortgages Team