A Self-Employed mortgage is designed for borrowers whose income comes from their own business rather than traditional PAYE employment. Whether you are a sole trader, a partnership, a limited company director, or a contractor, lenders assess your income differently from employed applicants.
Securing the right mortgage as a self-employed applicant requires careful presentation of income, correct documentation and access to lenders who understand non-standard earnings.
Most lenders classify you as self-employed if you own 20 to 25 per cent or more of a business. This includes:
Sole traders
Business partners
Limited company directors
Contractors paid via a limited company or an umbrella company
Freelancers and consultants
Each structure is assessed differently by mortgage lenders.
Lenders typically request:
Two to three years of certified accounts
SA302 tax calculations
Tax year overviews
Business bank statements
Evidence of salary and dividends for company directors
Some lenders use your average income over two years, while others may consider the most recent year if income has increased. Specialist lenders may also consider retained profits within a limited company.
Without the right lender choice, your true affordability may not be recognised.
As an independent mortgage broker, EHF Mortgages works with lenders who specialise in self-employed mortgage applications. We review your full financial position and ensure your income is presented correctly to maximise borrowing potential.
We support:
Sole traders with growing income
Limited company directors using salary and dividends
Contractors on a day rate income
Applicants with one year’s accounts in certain circumstances
Complex income and multiple revenue streams
Our experience allows us to match your circumstances to lenders who understand business owners rather than treating you as higher risk.
If you are self-employed in Chelmsford or elsewhere in Essex and want clear guidance on your mortgage options, EHF Mortgages can help you secure the right solution with confidence.
At EHF Mortgages, we’ve spent over 35 years helping clients overcome credit problems of all kinds. Whether it’s a minor issue or more serious concerns, we work closely with specialist lenders and regional building societies that are open to supporting complex cases. We maintain direct lines of communication with dedicated lender support teams, allowing us to discuss your case in detail and find a solution that works.
If your bank has said no, or you know there are issues on your credit file, speak to us. We’ll help you find the right lender and the right deal to secure your dream home without the stress.
Now is always a good time to talk about your Mortgage. Expert planning and support will give you the piece of mind you are looking for.
Our Mortgage Advisers will work directly with you, supported by industry experts to ensure you are well looked after during the mortgage process, reviewing your protection needs, and we can even help with your Will requirements.
Being a Directly Authorised Broker firm allows us greater freedom to use lenders large and small; High Street mortgage lenders you will recognise, plus smaller specialist lenders with unique schemes and bespoke underwriting opportunities.
Having access to almost every UK Mortgage lender doesn’t need to be expensive either. We keep our overheads low and pass on those savings to our clients. Our borrowers know they will save more than any fees we charge, and nothing is paid upfront – we only charge once the mortgage has been offered.
A great place to start – we offer a 30-minute free consultation to all potential clients to discuss your needs without any obligation.
We make the process of obtaining a mortgage as easy as possible.
Let’s understand your plan, assess your finances and ensure that you can afford the mortgage you need. We will assess what you can afford.
We obtain the agreement from the right mortgage lender, giving you the confidence to view, offer and agree to buy the right property.
Let us support you through this most important stage, checking the property is accepted and your finances are good to go, moving you to Offer stage.
Solicitors finalise the legal work, request money from the mortgage lender, complete the purchase and you have the keys to your new home.
There are plenty of reasons to work with EHF Mortgages
By having independent access to the UK Mortgage market, we are able to provide you with the widest choice of products and will always have the most competitive deals.
We always offer a free no-obligation meeting, so we can understand your situation, your goals and show you how we can help.
We don't just stop with your mortgage, we like to keep you informed about the changes within the market and how this affects your future mortgage needs.
Now is a great time to start your mortgage journey with EHF Mortgages.
Specialist Mortgage Schemes backed by extensive market knowledge and significant lender choices.
Don't put your home or family at jeopardy, tailored protection solutions to your individual needs.
