How to find the best mortgage deal when you're self-employed

Getting a mortgage can be a little more complex when you're self-employed. With our top tips, you can give yourself the best chance of securing the best mortgage deal regardless.

Finding the best mortgage deal may require some additional effort when you are self-employed compared to traditionally employed. Lenders often scrutinize self-employed applicants more closely due to variable income and potential financial risks. 

Here are some steps to help you find the best mortgage deal:

  1. Organise your financial documents: Gather all necessary documents demonstrating your income and stability. These may include tax returns (both personal and business), bank statements, and any other relevant documents. Having organized and up-to-date records will help streamline the application process.

  2. Determine your affordability: Assess your financial situation and calculate how much you can afford to borrow. Consider your current income, expenses, and any potential fluctuations in your earnings. Lenders will want to ensure that you have sufficient income to cover mortgage payments.

  3. Build a strong credit history: Maintain a good credit score by paying bills on time, reducing existing debt, and avoiding new credit applications. A higher credit score will enhance your chances of securing favorable mortgage terms and interest rates.

  4. Research lenders: Shop around and research different lenders who offer mortgage deals suitable for self-employed individuals. Look for lenders experienced in working with self-employed applicants or those who specialize in flexible lending criteria.

  5. Seek professional advice: Consider using a mortgage broker or financial advisor experienced in dealing with self-employed individuals. They can provide personalized guidance and help you navigate the mortgage market more effectively.

  6. Demonstrate a consistent income pattern: Lenders prefer to see a consistent income pattern. If your income has been fluctuating, provide additional documentation or explanations to help the lender understand the reasons behind the fluctuations and show that your income is stable over time.

  7. Save for a larger deposit: A larger deposit can improve your chances of securing a better mortgage deal. Consider saving for a higher deposit to get access to more deals and reduce the amount you’ll need to borrow

  8. Be prepared for additional checks: As a self-employed applicant, lenders may conduct additional checks to verify your income and financial stability. Be prepared to provide further documentation or answer any queries they may have promptly.

Remember that the mortgage market is constantly changing, and it's important to stay up-to-date with current rates and offers. By being proactive, organized, and seeking professional advice when needed, you can increase your chances of finding the best mortgage deal as a self-employed individual.

Important info & marketing claims

You may have to pay an early repayment charge to your existing lender if you remortgage. Your savings will depend on personal circumstances.

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

*The savings figure of £420 is based on remortgage customers in October 2023. Read more on our marketing claims page.

We can't always guarantee we will be able to help you with your mortgage application depending on your credit history and circumstances.

Average mortgage decision and approval times are based on's historic data for lenders we submit applications to.

Tracker rates are identified after comparing over 12,000 mortgage products from over 100 mortgage lenders.

As of January 2023, has access to over 100 lenders. This number is subject to change.

For buy-to-let landlords, there's no guarantee that it will be possible to arrange continuous letting of a property, nor that rental income will be sufficient to meet the cost of the mortgage.