How do I apply for a mortgage as a self-employed person?

The application process shouldn't be significantly different - but you will need to look at how much trading history the lender needs, and be able to demonstrate your income.

Deposits are usually similar to those required from employed applicants, with the sector average being a minimum 10% deposit. Some lenders can accept as low as a 5% deposit depending on your other circumstances.

You might be asked for a higher deposit if any of your circumstances make your application higher risk - for example:

• You have been trading for one year or less.
• Your income has changed significantly in recent years.
• You have a bad credit history.

The best way to begin the mortgage application is to seek support from an expert broker who understands the self-employment income structure and can ensure you apply to the right lenders who can offer to lend to you.

Step by Step - securing a self-employed mortgage.

• The first step is to contact Revolution Brokers.
• We will get in touch and arrange a convenient time to chat with one of our self-employment specialists.
• Your broker will scour the whole mortgage market to identify the best deals and shortlist the right lenders and best rates available.
• We work with you to decide how to proceed with your application, from submitting documents through to securing an official lending offer.

Expert support with self-employed mortgages

The Revolution team specialises in self-employed mortgages and works with a vast network of UK lenders who can offer favourable terms and flexible mortgage rates.

For more help and information, please take a look through our other self-employment guides, or give us a call on 0330 304 3040.