Self-Employed Mortgage Advice in Sunderland

Getting a mortgage when you’re self-employed can feel like an uphill battle - but it doesn’t have to be. At Fairway Mortgage Advice we specialise in helping self-employed buyers in Sunderland secure the right deal. We know which lenders are flexible, what documents you’ll need, and how to present your application for the best chance of approval.

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

person counting cash

Frequently Asked Questions

  • Yes, you can get a mortgage if you’re self-employed. Lenders will consider factors such as your income, business accounts, how long you’ve been self-employed and your overall financial circumstances when assessing your application.

  • There’s no set length of time you need to be self-employed before applying for a mortgage. Some lenders may consider applicants with just one year of accounts, while others may require a longer trading history. Your options will depend on your individual circumstances and the lender’s criteria.

  • Yes, you may still be able to get a mortgage if your self-employed income has dropped. Lenders will look at your recent income and business performance, along with your wider financial circumstances, when assessing your application.

  • Lenders may calculate self-employed income differently depending on how you’re self-employed. They may look at your salary and dividends, your share of company profits, or your taxable income, along with your business accounts and trading history. Each lender has different criteria.

  • Yes, you may be able to get a self-employed mortgage with just one year of accounts. Some lenders will consider applications with a shorter trading history, but the options available will depend on your income, business performance, circumstances and the lender’s criteria.

  • Yes, you can get a mortgage if you’re a limited company director. Lenders may consider factors such as your salary, dividends and share of company profits when assessing your income, but the way your income is assessed can vary between lenders.