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Mortgages for Self-Employed Accountants

Accountancy professionals are normally excellent mortgage applicants- but if you run a self-employed finance business, how can you make sure you're getting the best rates on the market?

Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

Almas Uddin2024-06-15
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Mortgages for Self-Employed Accountants

Many lenders who can provide self-employed mortgages will ask for copies of filed accounts, tax returns, and/or an accountant's reference to verify the applicant's income.

In some cases, there are criteria around the qualification of that accountant.

So it is essential to understand what accreditations are accepted to ensure you work with the right accountant - and don't pay accountancy fees for a reference which your mortgage lender cannot accept.

This brief guide from business finance broker aims to highlight the most commonly accepted accountants references.

If you have any further questions about applying for a self-employed mortgage, proving your income, or the eligibility criteria, please give us a call on 0330 304 3040.

Which Accountancy Qualifications Are Accepted by Mortgage Lenders as a Self-Employed Reference?

As a self-employed applicant, the complication when applying for a mortgage is demonstrating your income. This task is more complex than for employed applicants since your income will very likely fluctuate.

However, lenders must verify the average income to meet their affordability criteria and constitute responsible lending.

Typically, any accountant who is Chartered and Certified and holds a certification to that effect can provide a mortgage reference for a self-employed person.

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Based on your yearly income,
you may be able to borrow


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

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Which Professional Qualifications are Best for Mortgages for Self-Employed With 1 Years Accounts?

There are many other qualifications and professional bodies whose members can also provide finance references attesting to your income and projected net profit:

  • Institute of Financial Accountants (IFA)
  • Association of Accounting Technicians (AAT)
  • Association of Authorised Public Accountants (AAPA)
  • Association of International Accountants (AIA)
  • Association of Taxation Technicians (ATT)

The below list illustrates the most commonly accepted qualifications by UK mortgage lenders:

Professional Body

Name of Awarding Body

Accepted Qualifications / Designations


Institute of Chartered Accountants in England and Wales

ACA (Member of the ICAEW)

FCA (Fellow of the ICAEW)


Institute of Chartered Accountants of Scotland

CA (Chartered Accountants)



Institute of Chartered Accountants in Ireland

CA (Chartered Accountants)

ACCA (Including AAPA)

Association of Chartered Certified Accountants (Including Association of Authorised Public Accountants)

ACCA (Member of the ACCA)

FCCA (Fellow of the ACCA)

AAPA (Member of the AAPA)

FAPA (Fellow of the AAPA)


Chartered Institute of Management Accountants

ACMA (Associate of the CIMA)

FCMA (Fellow of the CIMA)


Certified Public Accountants Association

ACPA (Associate of the CPAA)

FCPA (Fellow of the CPAA)


Associating of Accounting Technicians

MAAT (Member of the AAT)

FMAAT  (Fellowship Member of the AAT)


Association of International Accountants

AAIA (Associate of the AIA)

FAIA (Fellow of the AIA)


Chartered Institute of Public Finance and Accountancy

CPFA (Chartered Public Finance Accountants)


Chartered Institute of Taxation

CTA (Chartered Tax Advisor)

 CTA (Fellow) (Fellow of the CTA)


Institute of Financial Accountants

AFA (Associate of the IFA)

FFA (Fellow of the IFA)

Many accountancy bodies use similar designations, so if you are in any doubt whether your accountant can provide you with a mortgage reference, it is always worth asking them to double-check.

Please note that many mortgage lenders will consider alternative qualifications and accreditations, but the above indicates the most commonly accepted professional standings.

If you are unsure how to demonstrate your income when applying for a self-employed mortgage, contact the Revolution Finance Brokers team on 0330 304 3040, and we will ensure you are on the right track.

Which is the Best Mortgage Provider for Self-Employed Accountants?

There isn't one mortgage provider who will be right for every self-employed mortgage applicant - it all depends on what you wish to borrow and your circumstances.

For example, some lenders will accept lower deposits but won't budge on rules around the number of years of accounts they require to consider a self-employed applicant.

Others have flexible policies and will offer higher annual salary multiples to arrive at a mortgage cap - but they might charge higher arrangement fees that make the overall cost less competitive.

The best way to find the perfect lender for your UK self-employed mortgage is to contact Revolution Brokers as a team of independent advisors who can assess your requirements and make unbiased recommendations.

How Do Mortgages for Self-Employed UK Accountants Work?

If you're self-employed or a freelancer of any kind, the first thing you will be asked for is sets of accounts or copies of tax returns to help a lender assess your average annual income.

Most lenders will ask for accounts that have been signed off or prepared by a certified or chartered accountant, although if you're a finance professional, they may not require this.

However, it's worth having some sort of verification to prove that your income is accurate and a stable basis from which to calculate affordability.

Aside from your income, lenders will deal with self-employed applicants differently, depending on the nature of your business and employment.

For example:

  • If you're a sole trader, everything you earn is usually treated as income, and a mortgage lender will look at your SA302 to establish your annual earnings.
  • Partnerships usually need to demonstrate their individual profit share and provide copies of the accounts with a breakdown of payments made from the business.
  • Limited company directors will typically have separate income streams for the business and their personal affairs. They'll usually have a mixture of salary and dividends, so choosing a lender who will include dividend income is essential.

If you're unsure how to present your self-employed mortgage application, please contact the Revolution Brokers team for more detailed advice.

How Much Can I Borrow Through the Best Mortgage Provider for Self-Employed Business Owners?

Your maximum mortgage offer depends on how the lender calculates your average income, whether they can verify those earnings, and your credit score.

Of course, your income as a self-employed professional will fluctuate, but the calculation lenders use can vary, so they won't all make an identical offer.

Tips for Best Practice in Applying for Mortgages for Self-Employed UK Applicants

If you can keep your business and personal finances separate, it can make the self-employed mortgage application process a lot easier.

Lenders need to confirm your affordability, so say you're covering business expenses on a personal credit card, it can look like you're far less able to afford the mortgage repayments.

Other tips include having separate bank accounts, so there are no crossovers between income or outgoings, and ensuring that you have an audit trail of accounts so the lender can follow up on any queries.

Expert Advice on Mortgages for Self-Employed With 1 Years Accounts

There are several primary factors to ensure you get the best value mortgage as a self-employed professional:

  • Finances - your circumstances, credit rating, debt to income ratio, income, and source of earnings.
  • Advice - professional assistance from an independent broker can make a substantial difference to your mortgage application process.
  • Assessment - completing your application, directed to the most appropriate lender, and ensuring that you are eligible for the most competitive deals.

Having well-prepared sets of accounts and financial records certified by an independent accountant can further strengthen your application, so it's worth considering, particularly if you work in the financial sector yourself and tend to self-certify your business returns.

For further information about the accountancy verifications that will support a self-employed mortgage application or how to achieve the best deals on self-employed home loans for accountancy professionals, give Revolution Brokers a call.

Our teams are available to provide independent guidance to ensure you have full access to broker-exclusive mortgages and highly attractive self-employed deals that aren't available anywhere on the open market.

Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

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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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