Self-Employed Mortgages
Lending for sole traders, partners and company directors, assessed on the income measure that reflects your actual earnings.
Self-Employed Mortgages
Lending assessed on the income measure that reflects your earnings
Lenders differ enormously in how they assess self-employed income. Choosing one that uses net profit rather than drawings, or averages differently, can change borrowing capacity significantly.
Why Self-Employed Mortgages Requires the Right Lender
What we arrange
- Lending on one year of accounts with some lenders
- Assessment on salary plus dividends, or on net profit
- Retained profit considered by selected lenders
- Lending for partners and LLP members
Who this is for
- Sole traders and partnership members
- Limited company directors
- Contractors and consultants
- Business owners who reinvest rather than draw income
How London FS helps
Lenders differ enormously in how they assess self-employed income. Choosing one that uses net profit rather than drawings, or averages differently, can change borrowing capacity significantly.
Important information
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The Financial Conduct Authority (FCA) does not regulate some forms of Buy To Let, Commercial & Development Finance, Bridging Finance, Overseas/Foreign National Mortgages and Will Writing.
Dhavi Limited (trading as London FS) is authorised and regulated by the Financial Conduct Authority — firm number 628993. Registered in England, company number 7301914. Registered office: 7 Bell Yard, London, WC2A 2JR.
Retained Profit Considered
A minority of lenders count it. For directors this is often decisive.
One Year of Accounts Accepted
Several lenders will lend on a single full trading year.
Net Profit or Dividends
We choose whichever measure gives the stronger outcome for you.
Why Self-Employed Mortgages with London FS?
Self-Employed Mortgages requires more than access to lenders. It requires accurate interpretation of your circumstances and placement with a lender that genuinely understands them.
Lenders differ enormously in how they assess self-employed income. Choosing one that uses net profit rather than drawings, or averages differently, can change borrowing capacity significantly.
Accountant Coordination
We work directly with your accountant on how figures are presented.
Significant Differences Between Lenders
The same accounts can make significant differences to what you can borrow.
Declining Year Explained
A dip in profit is not fatal if it is contextualised properly.
Who Benefits from Self-Employed Mortgages
Sole Traders and Partners
Limited Company Directors
Contractors and Consultants
Another Project, completed and with Amar’s help we got it over the line! Amar always goes over and above to get the job done, and I come with many issues 
we spoke so much he must of thought he was a full-time employee of mine. (sorry) Next one will be simple 
I have already recommended him and London FS- Property Finance to others, highly recommended and 5 star service. Thank you.
Borrowing That Reflects What You Earn
Lending for sole traders, partners and company directors, assessed on the income measure that reflects your actual earnings.
Related Mortgages Services
Our Mortgages services are structured around real client circumstances rather than product categories, with independent advice across the whole of market.
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Frequently Asked Questions on Self-Employed Mortgages
How many years of accounts are needed?
Two is standard, but several lenders will consider one full year.
Is retained profit counted?
By a minority of lenders, yes. This is often the single biggest factor for directors.
How is income calculated?
Either salary plus dividends, or share of net profit. The more favourable measure varies by lender.
How many years of accounts are needed?
Two is standard, though several lenders will consider one full trading year.
Is retained profit counted?
By a minority of lenders, and for directors this is frequently the single biggest factor.
How is income calculated?
Either salary plus dividends, or share of net profit. Which is better varies by lender.
What if my latest year was lower?
Some lenders average, others take the most recent. A declining year needs careful placement.
Do I need an accountant?
Most lenders require accounts prepared or certified by a qualified accountant.
Can I use SA302s instead of accounts?
Yes, most lenders accept SA302s with matching tax year overviews.