Why are mortgages for self-employed people more complicated?

Mortgages for freelancers, contractors or anyone who is self-employed can be difficult to secure because they rely on the financial picture presented by your business. The problem is that your accountant will be trying to present a tax-efficient view, while a mortgage lender is only looking at income.

John Charcol is an expert in helping clients to secure freelance or self-employed mortgages. We typically approach lenders who we know are willing to look beyond the accountant’s assessment and take a broader view.

Talk to the self-employed mortgage experts.

Call us on 0344 346 3672

or enquire now

How can you prove your income?

If you are self-employed, a freelancer, contractor or consultant of some kind, getting a mortgage can be difficult because you need to be able to prove your income.

If you are running a relatively new business without an established track record or you have tax-efficient books prepared by your accountant, or you take part of your earnings in dividends, high street lenders may not be prepared to extend a loan, even if you are confident that you can afford the repayments.

How can John Charcol help with self-employed mortgages?

As mortgage experts with years of experience, we have helped numerous self-employed business people to secure mortgages after high street lenders have turned them down.

Our approach is to spend time understanding your situation and then to present a personal case to the mortgage providers we know are best placed to support your specific application.

This might include approaching lenders who: 

  • Take into account net profits of the business, adding back in your drawings so that they have a better view of your potential annual income
  • Understand business finance and can look behind the accountants tax-efficient statement to assess real income
  • Will allow us to talk direct with underwriters and make a personal case based on a wider view of your potential earnings
  • Understand the pressures of self-employed business people and can work quickly to get a mortgage offer in place

To find out how we can help with your self-employed or freelance mortgage, call us on 0344 346 3672 or enquire now now.

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Frequently asked questions

How can I get a mortgage if my accountant is working to minimise profit for tax-efficiency in the business?

Many self-employed people face this problem. At John Charcol, we know how to make the best case and which lenders are happy to look beyond the headline figures to understand what you can really afford.

If the high street lenders tell me I can’t get the multiple on my salary, are there other places I can go?

Yes. We deal with regional building societies, private banks and other niche lenders who will look at each client on an individual basis. The range of income multiples can be as high as five times or more.

Can you help me to arrange a mortgage around my intense work schedule?


At John Charcol we’re used to working with busy individuals who are under real time pressure. That’s why we come to you and fit in with your schedule. 

Is there a fast-track service so that I can secure the property I have my eye on now?

Unlike high street lenders we’re quick and nimble, so if you need us to get a mortgage offer fast so that we can secure a particular property, we’ll do everything we can to make that happen.

I want a flexible mortgage that allows me to use my bonus to reduce it each year in significant payments. Can that be arranged?

We’re expert at arranging this kind of mortgage, making the best of low rates of borrowing with capital payments when bonuses are available.

Can I speak to someone with the authority to make decisions based on my real circumstances rather than computer-set limitations?

Yes. At John Charcol our consultants are all experienced independent mortgage advisers. We often arrange self-employed mortgages through reputable private banks and investment houses who have much more flexibility on who they lend to and how much they will lend.

Why John Charcol?