Self employed

We assess self employed applicants on their individual merits, taking a sensible view on their income.

Income requirements:

• For Limited Companies, where applicants have more than a 33% financial stake in a business, we may consider their proportion of net profit and salary over the most recent years rather than their dividend income.
  
  
• The most recent SA302 or online HMRC Self Assessment Return can be accepted showing:
  - The tax calculation, showing the customer’s self-reported income and the HMRC calculation of the tax due on that income and;
  - The tax year overview, showing the total tax due and how much the customer has paid in tax.
  
  
• Alternatively, the latest audited accounts (prepared by a Certified or Chartered Accountant) may be accepted to determine whether the income appears reliable.

• An accountant's reference or other corroborative information may be required.

Mortgages are considered subject to full underwriting and meeting our lending criteria.

Accountant's certificate form

Offset Mortgage

• Our Offset mortgage is ideal for those that have high earnings and have to put cash aside in order to pay tax twice a year. They could benefit from using this money to offset their interest payments on their mortgage.  
• We are able to offer term reduction and payment reduction options on their mortgage, calculated against their savings.

Find out more about our Offset mortgages.