SELF-EMPLOYED MORTGAGES IN TRURO & CORNWALL
Mortgage Advice for Self-Employed Clients in Cornwall
If you are self-employed, lenders may assess your income in different ways depending on your business structure, accounts and recent trading history. I can help you understand the mortgage options available through my service and what information a lender may need.
HOW LENDERS MAY LOOK AT INCOME
Self-employed income can be assessed in different ways
The documents and income figures a lender uses can vary, so the right starting point is to understand how your business operates and what information is available.
Sole traders
Lenders may look at declared profits over one or more years, along with tax calculations and supporting documents.
Limited-company directors
Some lenders assess salary and dividends. Others may consider a director’s eligible share of company net profits rather than simply the dividends drawn. Shareholding, accounts and sustainability of profits can matter.
Recent changes
A change in trading history, business structure or income may affect which lenders are willing to consider the application.
Supporting documents
Accounts, tax documents, bank statements and other evidence may be required depending on the lender and your circumstances.
If you leave some of your profits within your limited company, that does not necessarily rule out a mortgage. Equally, no lender will automatically count all retained earnings as personal income. The appropriate calculation depends on its criteria and the accounts available.
HOW I CAN HELP
A clearer route through lender criteria
Understand your income
We start with your business structure, trading history, income, commitments, deposit and wider mortgage plans.
Review suitable options
I’ll explain the mortgage options available through my service and how relevant lenders may assess your circumstances.
Prepare the documents
I’ll help you understand what supporting information is likely to be required before an application is submitted.
Support the application
I’ll remain your point of contact while the mortgage progresses and help with questions that arise.
LOCAL MORTGAGE ADVICE
Based in Truro, helping self-employed clients across Cornwall
I provide mortgage advice by phone, online and in person. If you are self-employed and planning to buy, move or remortgage, I can help explain how lenders may assess your circumstances.
If you run your business through a limited company, my dedicated guide explains how mortgage lenders may assess company directors' income, including salary, dividends and company profits.
LET’S TALK
Self-employed and considering a mortgage?
Request a free callback from Darren to discuss your circumstances and what you may need next.
If you run your business through a limited company, see my guidance on mortgages for limited company directors.
Your home may be repossessed if you do not keep up repayments on your mortgage.