Self-Employed Mortgage Calculator

How lenders assess self-employed income

Getting a mortgage when you're self-employed is absolutely possible, but lenders assess your income differently depending on your business structure. Our self-employed mortgage service specialises in finding the right lender for your situation:

• Sole traders — lenders typically use your net profit from SA302s, averaged over the last 2-3 years
• Limited company directors — most lenders use salary plus dividends, though some will consider retained profits
• Contractors — specialist lenders can calculate affordability based on your day rate or contract value, rather than your tax returns

How many years of accounts do you need?

Most high-street lenders require at least 2 years of accounts. Read our self-employed mortgage guide for a detailed breakdown. However:

• 1 year's accounts — some specialist lenders will consider applications with just 12 months of trading history
• 2 years' accounts — the standard requirement for most lenders, opening up better rates
• 3+ years' accounts — the widest choice of lenders and access to the best rates

This calculator provides estimates. Use our affordability calculator for a general borrowing estimate, or the actual amount you can borrow depends on individual lender criteria. Speak to our team for an accurate assessment.