Posted January 12, 2026

Self-employed mortgages are designed for individuals who work for themselves, which includes sole traders, partnerships, freelancers, contractors and company directors. While the goal is the same as any other mortgage, to borrow money to purchase or remortgage a property, the process can be more complex for self-employed applicants due to the way income is assessed.

Unlike employed borrowers who can rely on payslips, self-employed applicants must usually provide profit and loss accounts, as well as personal tax calculations and corresponding tax overviews. Most lenders will ask for at least two years of accounts although some will consider just one year. Company directors are typically assessed using salary and dividends although some lenders can consider using salary and net profit, especially, if they are majority shareholders, while sole traders and partnerships are assessed using net profit. If income fluctuates, lenders may average earnings over the last two to three years, which can affect how much you can borrow.

This is where using a whole of mortgage market broker becomes especially valuable. Here at Watts Mortgage & Wealth Management, we understand how different lenders assess self-employed income and know which providers are more flexible. Some lenders are comfortable with retained profits, day rates, or recent increases in income, while others are far more conservative. Without expert guidance, you may be declined unnecessarily or offered less competitive terms.

We will also help prepare your application properly, which will save time and money. Furthermore, we can advise on the best time to apply, how to present your income and what documentation will be required. This reduces delays, improves approval chances and ensures that we approach the right lender first time.

Additionally, we have access to a wide range of mortgage products, which includes exclusive terms and those not available directly to the public. We will spend time comparing rates, set up fees and criteria to find the most suitable deal for your circumstances and requirements.

For self-employed borrowers, navigating the mortgage market alone can be challenging. Using Watts Mortgage & Wealth Management who are a knowledgeable and experienced whole of market mortgage broker not only saves time and stress, but can significantly improve your chances of securing the right mortgage on the best possible terms.

For more information contact Dean Savage – Dean@watts-ifa.com