Mortgages for the self-employed
Self-employed mortgages in Scotland
If you are self-employed, lenders assess your income differently from an employee. Tony helps sole traders, freelancers, partners and company directors across Scotland compare mortgage options from over 100 lenders and explains what lenders may want to see.
Talk to TonyAt a glance
- Advice for self-employed people across Scotland
- Access to 100+ lenders and around 28,000 deals
- Rated 5.0 from 235+ Google reviews
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
How Tony can help the self-employed
Being your own boss should not stop you buying a home. The right lender and the right paperwork make the difference.
What lenders may look at
- Lenders usually ask for two to three years of accounts or tax calculations, although some may consider less.
- Tax year overviews and SA302s are commonly requested.
- Some lenders use net profit, while others look at salary and dividends.
- An accountant's reference may be requested, so it helps to keep your records clear.
Meet your adviser
Hi, I'm Tony Flynn
I'm a mortgage and protection adviser based in Carluke, helping people across Lanarkshire and Scotland.
I've spent 15+ years in finance and have been named Mortgage Professional of the Year at the Prestige Awards Scotland five years in a row. I'll explain your options in plain English so you know exactly where you stand.
Self-employed mortgage questions
How many years of accounts do I need?
Many lenders ask for two to three years, but some may consider one year in the right circumstances. Tony can advise on your situation.
Can I get a mortgage if I have only been self-employed for a year?
Possibly. Some lenders may consider you, particularly if you worked in the same field before. Tony can search for those that do.
What documents will I need?
Usually accounts or SA302s with tax year overviews, plus bank statements and ID. Tony will give you a clear list.
Do you charge a fee for mortgage advice?
There may be a fee for mortgage advice. The amount depends on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. We will explain this before you commit.
Can you help with protection as well as a mortgage?
Yes. Tony can also advise on life insurance, critical illness cover and income protection alongside your mortgage.
Related pages
More advice for people in similar situations.
Ready to talk it through?
A quick chat with Tony is a good first step. No jargon, no pressure.
Talk to Tony