Self-employed mortgages and loans.
- Complex and multiple income sources accepted
- Projected income accepted
- Only 12 months’ trading required
For professional intermediary use only.
Did you know?
4.3 million
people in the UK are self-employed as of 2024. That’s up by 1.1 million since 2000.
66%
of specialist lending in 2023 included applicants considered self-employed.
£34.786 billion
Specialist lending to the self-employed is set to grow by 66% between 2023 and 2029.
Statistics are from Together’s residential property market report.
Self-employed cases don't have to be complicated
At Together, we’re a specialist lender who can deal specifically with self-employed mortgages and loans. We think that not getting paid exactly the same amount on the same day of each month shouldn’t stop your clients from achieving their property ambitions.
Whether your client is a sole trader, freelancer, contractor or consultant (and even if they’re a limited company, LLP or SME), our common-sense approach means we'll consider your clients application by looking at the whole picture, not just their credit score or loan-to-income ratio.
How can we help?
Finding the right finance for your self-employed clients can be hard. Even if you know they can easily afford the mortgage or loan, they simply won’t meet some lenders’ restrictive requirements.
That’s where we come in! Using common sense, we’ll look at each case and make a real-world decision that works for your client. So, let’s keep it simple – your client will be considered if they're:
- 18 or over.
- Have been self-employed for at least 12 months.
- Can provide two years of SA302 tax forms, or a full accountant’s certificate.
We’ll even consider their application if they’ve changed status from a sole trader to a limited company (or vice versa), and where a couple applying for finance are both self-employed.
Self-employed mortgages and loans
First time buyers
Home improvement loan
Remortgaging
Personal Auction Finance
Common questions about self-employed mortgages and loans
What types of income can be used if my client is self-employed
When it comes to our self-employed income mortgage criteria, we can accept a range of different types of income, but the ones that are relevant to your client may depend on their trading style. The most common income types we accept are:
- Sole traders can use net profit (if using accounts) or total income (if using an SA302 Tax Calculation form).
- Partnerships can use their share of net profit (if using accounts) or their share of total income (if using an SA302 Tax Calculation form).
- Limited company directors can use the director's salary, dividends or (sometimes) retained profits.
When would my client be considered self-employed?
Can future income or projected earnings be considered
Yes! We accept projected income after a minimum of 18 months’ trading for any mortgages secured against a residential property that your client intends to or already lives in. For this, we also require an accountants certificate to declare the projected income for the next period.
Can a self-employed client get a mortgage or loan?
Many self-employed individuals, such as business owners, contractors and freelancers, wonder if they can get a mortgage or loan.
At Together, the answer is…Yes! We’ll look at applications from self-employed borrowers with just 12 months’ trading history, and they’ll get the same rates as someone with a regular salaried income.
What documents will I need for a mortgage or loan if my client is self-employed?
There are a number of documents we may ask for in order to prove your client’s income if they’re self- employed. We may ask for any of the following to assist the application:
- An accountant’s certificate
- SA302 form
- Tax year overview from HMRC
- Business bank statements
If you’re having trouble getting hold of any of the documents required for self-employed mortgages, you can get in touch with our team who will talk you through what to do next.
Get in touch
Will my client be considered if they’re self-employed and have bad credit?
Yes. We can review credit profiles without a credit search. We also review applications on a case by case basis, meaning we’ll look at the whole picture and not just the numbers.
How much can my client borrow if they’re self-employed?
The minimum and maximum amounts that can be borrowed differ based on the type of borrowing that you need, as well as the LTV (Loan to Value).
The good news is that they’ll get access to the exact same rates and loan sizes as someone with a salaried income.
Check out the minimum and maximum loan amounts for our products, along with any additional requirements and restrictions, in our product guides.
How long does my client need to have been self-employed for to get a mortgage?
What’s the minimum trading history for a self-employed mortgage with Together? Just 12 months!
If you’re looking for a personal mortgage or loan, you’ll only need to prove that you’ve been trading for at least a year and we’ll consider your application.
However, if they've switched between being a sole trader and a limited company, we’ll need you to have 12 months' trading history as the new business entity.
Out now: Residential property market report 2024/2025
Is this the road to residential revival?
Read our latest property report to navigate the future of the residential mortgage market.
Steered by insights from our latest research, and industry expert commentary, we discuss if we’re really on the road to a residential revival and what this means for driving home ownership ambitions forward.
