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Self-employed customers

Mortgages that work for the self-employed.

Request a call back

We’re here between 9am and 8pm Monday to Thursday, 9am to 7pm on Friday. If you contact us by 5pm we guarantee to get back to you the same day. If it’s after 5pm, we can’t promise we’ll be able to reply on the same day, but we’ll do our very best.

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

Got an irregular income? Talk to the mortgage lender who looks at affordability differently for self-employed customers.

We think looking at your individual situation, combined with our common-sense approach to lending, makes better sense for everyone.

We could help you share the load 

When you’re self-employed, predicting what you’ll earn each month can be tricky. It’s certainly harder than being in full or part-time employment. Our mortgage caters for self-employed applicants including sole traders, self employed contractors, those in partnerships or LLPs, and shareholders in limited companies, even with less than perfect credit histories. That’s because we consider your individual circumstances, not just your credit profile. So if you’ve had previous problems getting a mortgage, you could still apply for a mortgage from us. 

We’ll consider mortgages for self-employed customers on:
  • ex-council houses, flats and maisonettes
  • high-rise properties (yes, even ones above 6 floors)
  • properties with poor valuations (when the property is in a less than perfect condition)
  • non-standard constructions (when the property you want is a little out of the ordinary)
  • the more usual brick-built houses, flats and maisonettes.
Key features
  • Mortgages up to £1,000,000
  • Loan to value (LTV) up to 75%
  • CCJs and Defaults accepted up to 70% LTV
  • Variable rates from 6.37%
  • Fixed rates from 3.59%
  • Borrow over 3 to 40 years
  • Interest-only repayment options available
Our mortgage lending criteria
  • Maximum age – 80 at end of term
  • Minimum self-employed trading period of 12 months.
  • CCJs and Defaults accepted (even in the last 12 months)
  • No minimum income requirement
  • Income proof – accountant’s certificate or last 2 SA302s accepted (as long as dated in the last 18 months, or last 2 100% submitted tax calculations for HMRC)
  • All property types considered – must be >40% residential use.
With added value

You’ll find the same rates for our self-employed customers as you will for our employed customers. And to help make things more affordable and easier to plan, we offer a 5-year fixed-rate product. Alternatively, we also offer an interest-only option. Plus, we don't hit you with early repayment charges if you want to pay off your mortgage early, and that’s even on fixed-rate mortgages.

Overall cost for comparison

Overall cost for comparison

For example: A mortgage of £85,000 payable over 5 years initially on a fixed rate for 5 years at 7.12% and then on a tracker rate for the remaining 25 years at 6.12% above the Bank of England Base Rate would require 60 monthly payments of £600.99 and 300 monthly payments of £634.89 plus a redemption administration fee of £150.00.

The total amount payable would be £212,483.52 made up of the loan amount plus interest on the loan (£117,222.40), processing fee (£2,125.00) and arrangement fee (£2,125.00) plus interest on these fees (£5,861.12) and the redemption administration fee (£150.00).

The overall cost for comparison is 7.7% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

 

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

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Build: 1.3.7.14615