I’m self employed in York, can I get a mortgage?

If you manage to submit at least one year’s accounts, you should not have an issue getting a mortgage. As a mortgage broker in York, we see that a lot of lenders use your salary plus dividend to work out the maximum mortgage amount that you would be able to borrow. We’ve also seen some lenders go off your net profit. Remember that you will also have to pass mortgage lender’s credits checks and affordability assessments before being accepted too.

How many years on the books do I need?

Generally, most lenders prefer a track record of at least two to three years of financial documentation, such as tax returns or company accounts. This thorough examination of your financial records is crucial for assessing income stability and establishing your eligibility for a mortgage. While some lenders may consider one year of accounts, it’s important to be aware that this might constrain your mortgage options and could potentially influence the terms of the loan.

How will a Lender assess my income?

The evaluation of income for self employed individuals compares differently to salaried employees. Lenders typically analyse your average annual income over a specific period, often spanning the past two to three years, to gain a comprehensive understanding of your financial stability.

I’m a Director of my own Limited Company

When applying for a mortgage, even if you are a director of your own business, you are typically regarded as an employee. To undergo assessment, most lenders require that you own less than 25% of the shares in the company. Lenders combine the dividends you receive with your annual salary to calculate your overall yearly earnings, which, in turn, determines the maximum borrowing amount. There are lenders who base their income calculations on net profit rather than dividends or salary. This approach can be advantageous for directors who maintain relatively low drawings from their business. It’s advisable to explore different lender options to find the one that aligns best with your financial situation as a self-employed individual

Self Employed Mortgage Advice York

Mortgage Advice for Self Employed Mortgages in York

As a self employed applicant, it can be a little harder to get a mortgage. You need to provide more pieces of evidence and the process can take a little longer, especially when it comes to finding the right product.

Our job, as your mortgage broker in York, is to help you with this. We have worked with many self employed applicants, and in most situations, we are able to help.

To work out your mortgage affordability as a self employed applicant, book your free initial mortgage appointment online and speak with a self employed mortgage advisor in York.

What will Self Employed Mortgage Lenders Look at?

When determining whether to lend to you or not, your lender will look at various different factors:

Your income/salary
Previous years of accounts’
Costs and expenses that are operated within your business
Bank statements

We will go through how to evidence these step by step and tell you exactly why these need to be looked at. If you’re confused or have any questions throughout the process, feel free to ask your mortgage advisor in York. Your advisor and our team will be right by your side!

How is my income assessed as a Self Employed applicant?

As a mortgage broker in York, it is our job to help you make your way through the mortgage process. We know that it can be stressful when you’re self employed and are struggling to get a mortgage, that’s why we do what we do!

You can get your mortgage process started now by using our online booking feature. You can book your appointment for the morning, daytime, evening or even the night, it’s completely up to you.

Speak to an Advisor

Important information

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

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

FAQ's From Self Employed Applicants

Our Customers Love Us

60 5 Star Reviews

Florence Williams

Very helpful, friendly and efficient team. Thank you for making the whole process as smooth as possible

4 Dec 2025

Loren Kinera

Tom made the entire process easy. He communicated throughout and was very quick! We will definitely be using him again and would recommend to any friends and family.

25 Sep 2025

Sarah

Absolutely brilliant service from Matt and Lizzie - both friendly , efficient and very helpful ! Highly recommend :)

10 Apr 2025

Xander Shooter

Malcolm and Lizzi and the rest of the team have provided first class service. Talking us through the mortgage process and assisting anywhere they could with the house buying world. Two phone calls and two video calls and boom mortgage done leaving no question unanswered. Absolutely brilliant service. Almost looking forward to remortgaging in a few years. 10/10 would recommend to anyone especially first time buyers.

4 Apr 2025

Neil Whitehead

Great service - personable, knowledgeable and efficient.

6 Mar 2025

Coral Berry

Very friendly and helpful staff. Fast completion and made getting our first mortgage much less stressful. Highly recommended!

23 Feb 2025

Katy Town

Brilliant service from Tom and Paula. They always kept us up to date and answered any questions we had. Paula kept things moving and in touch with the mortgage company to make sure everything ran smoothly.

3 Dec 2024

Jack Bowley

Massive thank you Matt Collinson and the UKMoneyMan team. They were the first company we reached out to for mortgage advice, and the warm welcome started right at the start. We've got all the advice and help we needed, and Matt worked with what we had and gave us what we believe to be the best deal possible. He's been absolutely wonderful dealing with and I can recommend his services to anyone who's in need of a mortgage broker. I'd give more stars if I could! Thank you Matt.

25 Nov 2024

Josh Broadbent

Malcolm and Amy are fantastic at what they do. It’s refreshing to deal with such competent & efficient people. Thank you for making the First Time Buyer process that little bit easier! Will recommend to friends & family.

23 Oct 2024

Daniela Saunders

Great service, incredibly helpful and quick with everything. We're FTB and they were amazing for us, got our mortgage within 3 days and everything was seamless

21 Oct 2024

Our Simple 4-Step Process

Free Initial Mortgage Appointment

During your mortgage appointment, we can take some initial details and find out about your plan of action to get to know your Self Employed situation a bit better.

We Can Search 1000s of Mortgage Deals

Once we have the information that we need, we can begin searching through 1000s of mortgage deals to find the most appropriate deal tailored to your personal and financial situation.

Submit Your Mortgage Application

Once we have found you a mortgage, we will recommend it to you in the form of a mortgage illustration. If you are happy to continue with our service and the product, we can prepare and send off your mortgage application.

Protecting You and Your Mortgage

Our service is not just about finding the perfect mortgage deal for your individual circumstances, we will also recommend insurances to take out alongside your mortgage. This is to ensure you and your family are protected in the future.

Reasons to Choose us

Flexible Mortgage Appointments

We’re open from early until late, meaning that you can book your free initial mortgage appointment at a time that suits you. We want to work around you so that you can work around your social life, work and hobbies. Our self employed mortgage advisors in York will also be available to answer questions that you have at any point during your journey – no question is a stupid question!

1000s of Deals

We can search through 1000s of mortgage products in order to try and find you a product that matches your personal and financial situation. Our team are experienced with self employed lending criteria and know the exact requirements that lenders are looking for.

Our Service

Yorkmoneyman is here to help you through your mortgage process. Our team will be open and honest with you at all times, trying and find you the most suitable mortgage deal that’s available to you. When you’re in need of mortgage advice in York, we want to be there to help.

Our Reviews

We know the difficulties of getting a mortgage as a self employed mortgage applicant, therefore we want to make sure that you’re receiving the best service possible.

You may benefit from taking a look at our customer reviews. There may be someone who was in the same situation as you are now! Customer satisfaction means everything to us. From start to finish, we aim to provide a five-star service.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

We Search 1000s of Self Employed Mortgages in York

The Home Buying App

Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.

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Common Self Employed Mortgage Scenarios

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Yorkmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.

UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.

Self Employed Mortgage Advice in York

Self Employed Mortgage Advice in York

Mortgage Advice for Self Employed Mortgages in York

What will Self Employed Mortgage Lenders Look at?