Self-Employed Mortgages in London — Specialist Help, No Fees

Why Self-Employed Mortgages Are Different — and How We Help

High street lenders often apply rigid criteria that make it difficult for self-employed borrowers to secure the mortgage they need — even when their income is strong. The problem isn't your earnings; it's how those earnings are structured and how different lenders choose to interpret them.

At AJM Financial, we've spent over 15 years building relationships with lenders who take a common-sense approach to self-employed income. We know which lenders are flexible, which ones will use retained profit, and which ones will work with just one year's accounts. We find the right match for your specific situation.

Who We Help

Sole Traders and Freelancers

If you are self-employed as a sole trader, lenders will typically use your net profit as shown in your SA302 tax calculations and tax year overviews. Most lenders require two years' accounts, though some will consider one year if your income is established and growing.

Limited Company Directors

If you run your own limited company and take a combination of salary and dividends, lenders differ significantly in how they assess your income. Some will use only your salary; others will add salary and dividends; the most flexible will consider your total share of net profit — which can dramatically increase what you can borrow. We know exactly which lenders take which approach.

Contractors

Many contractors are assessed by lenders on their day rate rather than annual accounts — typically annualised as day rate × 5 days × 46 or 48 weeks. This approach often results in a significantly higher borrowing figure than a standard affordability assessment. We work with lenders who specialise in contractor mortgages and understand how your income works.

CIS Workers

Workers in the Construction Industry Scheme are often treated as self-employed by lenders, even when they work regularly for the same employer. We work with specialist lenders who understand CIS income and can assess your gross earnings rather than taxable profit.

What Documents Will I Need?

For a self-employed mortgage application, you will typically need:

• Last 2–3 years' SA302 tax calculations and corresponding tax year overviews (from HMRC)
• Last 2–3 years' certified accounts (if limited company)
• 3–6 months' business and personal bank statements
• Proof of identity and address
• Details of any existing credit commitments

We'll tell you exactly what's needed for your specific lender and application before you start gathering paperwork.

Frequently Asked Questions