Self Employed Mortgages

We understand there’s a little bit more legwork required to get a mortgage when you’re self employed, which is why we’re on hand to make sue you don’t waste time with the wrong products.

If you’re self-employed, you may be wondering if you’re able to get a mortgage. The good news is you are. Self-employed mortgages are available, they’re just not as straightforward as if you have a typical salary.

Proving What You Can Afford

The main stumbling block for self-employed mortgages is being able to supply proof of affordability.

Being self-employed, you may find your income differs month-on-month. In a lenders eyes, this could be an issue when determining whether you’re able to make consistent mortgage repayments.

Lenders typically want you to have been trading for 2-3 years, and look for 2 years accounts as proof of sustained income and with most other mortgages. These accounts will determine what a lender will let you borrow.

  • If you are a limited company, lenders may look at dividends and salary. They may also look at the company’s net profit.
  • For sole traders and partnerships, lenders will look at net profit as the means for income.

You may find demonstrating sufficient net profit difficult, especially if an accountant has put measures in place to make your accounts tax efficient.

Self-Employed Mortgage Products

Many self-employed applicants have access to similar rates to employed applicants. The products are often similar, but it is the affordability that is the differentiating factor. If you’re self-employed, you’re not limited by the number of products available.

How Can I Improve My Chances of Getting A Self-Employed Mortgage?

  • Make sure you have complete, up to date records of all your business paperwork.
  • Complete a SA302 self-assessment
  • Make use of an independent mortgage broker

Independent mortgage brokers are often well versed in dealing with self-employed mortgage applications. They often have access to a number of lenders and will know where to place your application to give the best chance of being accepted.
Mortgage brokers have the benefit of taking the leg work out of searching an often large number of lenders. You’re also more likely to get a cheaper mortgage deal and not waste time with lenders that may not approve your application.

What Mortgage Will I get?

There so many mortgage deals out there, it can be like trying to find a needle in a haystack identifying the best mortgage deal for you, especially if you are self-employed. However, we are on hand to provide you with our advice and guidance to help you find the best mortgage deal.

We have over 25 years combined experience in helping to provide self-employed mortgages to individuals that need it the most. So rest assured, we know exactly how we can help secure you the best mortgage for your needs.

We will do all the legwork on researching products on the market from the hundreds available, to save you the time and the hassle, so you can spend your time searching for your dream home. We will also walk you through the application and settlement process so we are with you every step of the way.

Trust us, we’re on your side. We’ll give you unbiased advice so you that you can choose from a range of lenders and products, rather than being restricted by the lender you go to directly.

Self-Employed and Want To Remortgage?

As well as helping to provide self-employed mortgages, we also help with remortgaging too.

So if you already have a home loan and wish to remortgage to move to a bigger home or get a better deal, we can guide you in the right direction. You might not be aware, but your existing lender may be more sympathetic if you’re looking to remortgage, especially if you have a good history of making repayments on time.

Dan Churchouse
Dan Churchouse
We used Regal for our recently completed house purchase. The mortgage was a relatively complex arrangement given it consisted of two parts (a result of porting over the terms of an existing mortgage and adding additional debt on new terms) but Matthew Graves and Kirsti Newman were very clear in their articulation, making it easily digestible and allowing me to factor into monthly affordability. They were also speedy in their responses and clearly not biased to any one provider. I feel safe in the knowledge that I ended up with the best deal available and would highly recommend their services.
Taylor Joanne
Taylor Joanne
Excellent and professional service. Everything was handled and dealt with quickly.
Sue Vecchione
Sue Vecchione
Well worth the fee. Mortgage sorted in less than 48 hours. Fantastic service with great communication. Much recommended 😀
Harry Jackson
Harry Jackson
Matthew, Kirsti and Katie were all really helpful. Made sure that, as first time buyers, we understood everything that was going on and were always there to help if we needed them to. 100% would recommend you use them!
Michael Clarke
Michael Clarke
Karen and Kirsti have been invaluable in helping us through the mortgage application process for our first home. We would thoroughly recommend their services - it has saved us a lot of stress! Swift and considerate guidance and support throughout the process.
Ioana Tomut
Ioana Tomut
We have worked with Karen and are extremely happy with how she handled our account. This was the second time we have attempted to buy our first house and we have worked with another mortgage advisor before. While both were excellent in terms of service and communication, Karen's suggestions for solicitors and survey were significantly cheaper to what we were quoted last time. I greatly recommend them.
R Findlay
R Findlay
Thank you very much to Richard at Regal Finance for making our first home purchase run as smoothly as possible. Richard was available to provide us advice throughout the whole process and I would highly recommend using Richard at Regal Finance Group!
Sarah Carter
Sarah Carter
Absolutely brilliant! Alwasy go over and above and feel thoroughly looked after. Highly recommend.
Joe Alsford
Joe Alsford
I can not speak highly enough of the service I received from Richard Powers at Regal. Gave excellent clear advice, continually negotiating the best deal available. Went above and beyond, fantastic to have in your corner in what can be a stressful process!
Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!


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