★★★★★ 1,650 Feefo reviews · Exceptional Service Award 2026
★★★★★ 1,650 Feefo reviews · Exceptional Service Award 2026
Free affordability calculator
Lenders do not assess self-employed income the same way they assess a payslip. This calculator reflects that, using the methods lenders actually apply to sole traders, partnerships and limited company directors, so your figure is grounded in how an application would really be underwritten.
*For illustration purposes only
You could borrow up to
£0
ACHIEVABLE PROPERTY VALUE
£0
MONTHLY REPAYMENT
£0
LOAN TO VALUE
0%
If your income also includes retained profit in your business, speak to us and we will factor that in properly.
Want a precise figure tailored to your accounts? Talk to our experts.
020 8517 1141This calculator gives you an indicative figure based on the information you provide. It is for illustration only, is not a mortgage offer, and the final amount you can borrow is always subject to full underwriting, credit checks, and the individual lender's criteria. Self-employed income is assessed differently from lender to lender, and Home of Mortgages will confirm the right approach based on your accounts and business structure.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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Lenders assess self-employed income by averaging figures over a set period rather than taking a single payslip at face value, and the exact method depends on your business structure.
Home of Mortgages works across the whole market and will match your accounts to a lender whose approach genuinely reflects your circumstances.
Sole traders and partners are usually assessed on net profit before tax, averaged across two years where a two year trend is available.
Limited company directors are more often assessed on salary and dividends drawn from the business, though a growing number of specialist lenders will also consider a share of profit retained within the company.
Lenders calculate self-employed income by averaging net profit or salary and dividends over the most recent one to three years of accounts, usually two years, with some specialist lenders considering one, rather than relying on a single year in isolation. The exact averaging method, and how much weight is given to a rising or falling trend, varies by lender, which is why Home of Mortgages compares your figures against several lenders’ criteria before recommending a route.
Most lenders ask for at least two years of accounts to establish a trend in your income. Some specialist lenders will consider one year of accounts, usually alongside an accountant reference or additional evidence of ongoing trading, so one year of accounts does not automatically rule out an application.
Some specialist lenders will assess a limited company director on salary plus a share of the profit retained in the business, rather than on salary and dividends alone, which can support a higher borrowing figure for directors who choose to leave profit in the company. Not every lender takes this approach, so it is worth discussing your accounts with Home of Mortgages and with your accountant before deciding how to structure your income.
With only one year of trading history, your options will depend on the individual lender, and some will still consider your application if your accounts are supported by an accountant reference or evidence of a signed contract or ongoing client relationships. Home of Mortgages can point you toward the lenders most likely to consider a shorter trading history for your type of business.
Self-employed applicants are typically asked for two to three years of accounts prepared by an accountant, SA302 tax calculations and corresponding tax year overviews from HMRC, recent business and personal bank statements, and, for limited company directors, evidence of salary and dividends drawn. Home of Mortgages will confirm the exact list once we understand your business structure.
Your home may be repossessed if you do not keep up repayments on your mortgage.
