MOVA / Self-Employed Mortgages
Self-employed mortgages.
Make your income story clear.
Sole trader, company director, contractor or freelancer: talk through how you earn, the evidence you have and the mortgage you want to arrange.
Initial conversation at no cost · No pressure to proceed
Start with what matters to you.
You do not need to choose a product before getting in touch. Bring your plans and your questions; Steven will help you understand the next step.
Three things to clarify
Understand your self-employed income.
Understand how you are paid
Business turnover, profit and personal income are different figures.
Prepare the right evidence
Accounts, tax calculations and supporting records may help establish the income picture.
Discuss changes early
A new contract, a change in trading or a recent business start can affect the assessment.
Sole traders and partnerships.
Tell Steven how long you have been trading, how income has changed and what completed accounts or tax records you have. The lender’s requirements determine which documents and periods it needs. There is no universal rule that every lender assesses every business in the same way.
Limited-company directors.
Start with your shareholding, salary, dividends and the company’s trading position. Retained profit is not automatically personal income available for mortgage purposes. Steven will establish what a relevant lender can consider and what evidence is required. Your accountant may be able to help explain the figures.
Contractors and freelancers.
Bring an outline of your working arrangement, contract history, current contract and any gaps. Explain whether you work through a company, an umbrella arrangement or as a sole trader. The way a lender assesses income can depend on these details; a headline day rate alone does not confirm borrowing capacity.
Recently self-employed or changing direction?
You can start a conversation before you have a perfect paperwork pack. Be clear about what is available and what has changed. Steven can help identify the next information needed, but cannot promise acceptance or that a particular level of trading history will be enough.
Your questions, answered
Clearer on the detail.
Ready for the next step.
Have a question that is specific to you?
Can a company director use all business profit?
Do not assume so. Lenders have their own rules for company income, including salary, dividends and retained profit.
Do I need to upload accounts in the enquiry form?
No. Use the first enquiry to describe your situation. Steven will explain the appropriate way to provide documents if they are needed.
What if my income varies?
Explain the pattern, the reasons and any recent changes. The lender will decide how it assesses the evidence.
A practical next step
Talk through your plans
with Steven.
An initial conversation can help you understand where to start and what information may be needed next.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The amount will depend on your circumstances and will be explained and agreed before you choose to proceed.