Whether you’re a sole trader, company director, contractor or freelancer, Louisa will help you understand how lenders may assess your income and find a mortgage suited to your circumstances.
If you’re self-employed, applying for a mortgage can feel more involved because lenders may want a clearer picture of how your income is earned and how consistent it has been over time.
Whether you’re a sole trader, limited company director, contractor or freelancer, Louisa will help you understand what lenders may look for, explain the documents you may need and guide you towards a mortgage suited to your circumstances.
✓ Understand how lenders may assess self-employed income
✓ Guidance for sole traders, directors, contractors and freelancers
✓ Help preparing the right documents for your application
✓ Compare lenders across the market
✓ Support from enquiry through to completion
Louisa will take the time to understand how you work, how you’re paid and what you’re hoping to achieve.
Your accounts, tax calculations, bank statements and other documents will help show how your income may be assessed.
Louisa will explain what you may be able to borrow, the deposit you may need and the costs you should allow for.
Different lenders may assess self-employed applicants in different ways, so choosing the right lender can make a real difference.
Louisa will help organise your application and supporting documents before submitting everything to the chosen lender.
Once your mortgage is approved, Louisa will remain available to guide you through to completion.
Being self-employed doesn’t prevent you from getting a mortgage, but lenders may assess your income and supporting documents differently. Here are answers to some of the questions Louisa is most frequently asked by sole traders, company directors, contractors and freelancers across Newton Abbot and South Devon.
Yes. Self-employed applicants can apply for mortgages in the same way as employed applicants, although lenders may ask for different evidence to understand your income, affordability and financial circumstances.
This depends on the lender and your circumstances. Some lenders may consider applicants with a shorter trading history, while others prefer to see two or more years of accounts or tax information. Louisa will review your position and identify lenders whose criteria may suit you.
Depending on how your business is structured, you may be asked for accounts, SA302 tax calculations, tax-year overviews, business and personal bank statements, identification and evidence of your deposit. HMRC confirms that SA302 calculations may be requested as evidence of income when a self-employed person applies for a mortgage.
This varies between lenders and may also depend on whether you’re a sole trader, company director, contractor or freelancer. A lender might consider taxable profit, salary, dividends, retained profits or an average of recent earnings when assessing an application.
Potentially, yes. Lenders will examine whether the mortgage appears affordable based on your income, expenditure and wider circumstances. Having variable income doesn’t automatically prevent an application, but choosing a lender that understands how you’re paid can be important.
It may be possible, depending on your previous employment, current income, deposit and the lender’s criteria. The choice of mortgages may be more limited, but Louisa can assess the available options before you submit an application.
Yes. Louisa can help contractors and freelancers understand how different lenders may assess their income and what supporting documents could be required.
No obligation. No pressure. Just friendly mortgage advice tailored to you.
Whether you’re a sole trader, company director, contractor or freelancer, Louisa will take the time to understand how you earn, explain what lenders may look for and help you approach your mortgage application with confidence.
Prefer to speak to Louisa?
Call 07584 097131
