The self employed have been penalised in the past for their status, either charged higher rates or rejected entirely as lenders regarded them as higher risk than their full time, employed counterparts. Fortunately, there are mortgage lenders that realise there is a growing number of self-employed people, many of whom make ideal borrowers, who have different needs to those who can rely on a regular income.

Getting a mortgage for employed business owners can still be obtained and in general the rules and products available for employed people are the same. Your income is assessed by producing at least 3 years of accounts although some lenders will take one years accounts together with a statement from your accountant of your current run rate.

Self employed customers have traditionally been hard done by when applying for mortgages – they’re considered a higher risk and as such are charged more in both upfront costs and higher rates. But this unfair treatment has been removed thanks to the specialist self certification lenders who we work closely with. While the rules are different than with conventional mortgages, the restrictions have been markedly reduced.