Buying a Property When Self-Employed

In short: Self-employed buyers can get mortgages on the same terms as employees, but must prove income. Most lenders want two years of accounts or tax returns (SA302s and tax year overviews), though some accept one. Company directors may be assessed on salary plus dividends, or sometimes their share of net profit. Contractors may be assessed on a day rate. Keep tax affairs up to date, avoid large unexplained deposits, and consider a specialist broker. Fraser Bond can recommend brokers and help you find a home.