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Finding a Self-Employed Mortgage After Two Years Trading

Finding a Self-Employed Mortgage After Two Years Trading

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For self-employed people, if you have been trading for less than three years, you may have found it challenging to secure the right mortgage lending - but Revolution Finance Brokers are here to help!

As an independent whole-of-market broker, we work with a network of niche mortgage providers who can support lending requirements from self-employed applicants with less than the usual three-year requirement.

Our team has created this guide to help you understand how to secure a mortgage with less than three years trading, and how to get the best deals.

For more advice and support, contact the team on 0330 304 3040 or drop us a message at

Can I apply for a mortgage after two years of self-employed trading?

You absolutely can; the Revolution team works with clients every day in this same scenario.

Many high street lenders will only consider applicants who have three years of trading history, but there is a comprehensive network of lenders for whom two years of accounts are more than sufficient.

We even work with applicants who have been trading for less than two years, and leverage our experience and negotiating power to secure the most competitive rates available.

How much can I borrow on a mortgage if I am recently self-employed?

The maximum you can apply for depends on your line of work, and the affordability assessment criteria of the lender.

This is why it is so crucial to work with a specialist broker, who can recommend the right lenders who will be able to lend you the value you need.

Typically, the calculations are:

  • As a sole trader or trading as a partnership, based on how much net profit you received, as demonstrated by the filed accounts, or the total income declared on your self-assessment tax return (SA302 form).
  • As a company director of a small limited company, the maximum loan will usually be based on your salary income, and any dividends received.

Most lenders can offer up to 4-4.5 times your annual income. Others will work on a maximum of five times your earnings, and others even as high as six, depending on your income and meeting the other criteria.

How can I get the most favourable mortgage rates after two years of self-employment?

Mainstream lenders will often not be able to offer competitive mortgage rates if you have been self-employed for less than three years. That is because they typically require a three-year minimum, and use those accounts to calculate your average earnings.

However, specialist lenders are happy to lend to applicants with less than three years of self-employment history.

The crucial factor is to work with a broker who understands the market, and knows the lending criteria of the mortgage providers. We ensure you only apply to the lenders whose criteria you meet.

As a whole-of-market broker, the Revolution team can negotiate mortgage terms with any lender in the country, without any restrictions on which companies we can work with.

This means you have the broadest scope and can benefit from competitive mortgage offers that are not available on the open market.

What are the eligibility criteria for a self-employment mortgage?

Lenders will look at a range of factors, with your income being just one. Other considerations include:

  • Your credit score or credit history - if you have bad credit, you are best advised to work with a specialist lender.
  • The value of your deposit - you usually need at least a 5% deposit, but the higher the value, the more competitive the mortgage terms.
  • Your age - some lenders have limits on the maximum age of a new mortgage applicant, whereas others do not consider this a critical criteria.
  • What property you wish to buy - standard bricks and mortar properties are more accessible to mortgage than non-standard homes, such as those with a thatched roof. These usually require a niche lender with experience in non-standard constructions.

If you are concerned about your ability to meet any of these criteria and need support finding a niche lender, contact the Revolution team today.

Is it possible to get a self-employed mortgage with two years of self-assessment tax returns?

You certainly can; although you will have a smaller number of lenders to choose between, the Revolution team works with a network of mortgage lenders who can lend to self-employed applicants who have been trading for less than three years.

In some cases, they can lend to applicants with less than one year of trading history.

Specialist support with finding a self-employment mortgage

If you have a short trading history and are looking for a competitive self-employed mortgage, contact the Revolution Finance Brokers team.

We negotiate terms and lending for clients with as little as one year worth of self-employment history, and can determine the right lenders to apply to, and offer the best terms and rates on the market.

Contact our team today on 0330 304 3040 or drop us an email at

Check out our handy calculators

Our quick mortgage calculators are designed to give you an indication of how much you can borrow and allow you to consider the different mortgage options available to you.
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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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