Skip to main content

Self-employed mortgages

Please be aware all mortgage products were withdrawn at 5pm on Thursday 4 August, except for Self-Build. This is so we can focus on processing our existing applications as quickly as possible and restore our service levels to normal. System issues mean products are still visible on the portal, but applications received after the deadline will NOT be accepted. Please keep checking back for updates for when our new products will be launched.

Contact the Intermediary Support Team (01799 582 925 or with any queries, and thanks for your understanding at this busy time.

For those working on a self-employed basis, this mortgage is available for applicants with only 1 or 2 year’s accounts

If your client runs their own business or works on a self-employed basis, our self-employed mortgage products can provide applicants with more flexibility. This product is also available to First Time Buyers.

Product Criteria

  • Minimum 12 months’ accounts plus a projection of future earnings
  • 6 months’ personal and business bank statements
  • Minimum age 21
  • Minimum term 5 years
  • Maximum term 40 years
  • Interest only or repayment
  • Interest only to 70% max LTV and subject to an acceptable repayment strategy
  • Minimum property value £100,000
  • Minimum loan size: £30,000. Maximum loan size: £1,000,000 up to 80% LTV or £500,000 above 80% LTV. Loans over this are priced on a bespoke basis and have restricted LTV’s

Capital Repayment incentive (not applicable on fixed rates)

  • Borrowers can repay capital at any time and reduce the mortgage interest rate if they move into a lower LTV band, with no additional fee
  • LTV is always based on the original property value when the mortgage was taken out
  • Borrowers will never be required to move up to a higher rate

Self employed

Your home may be repossessed if you do not keep up payments on your mortgage