Can I get a mortgage if I am self-employed?

You can still get a mortgage if you are self-employed - you just need to prove your income in a different way to normal.

Most mortgage providers want to see three years of audited accounts, but if you've not been in business for that long, then you will need to supply a letter of confirmation of income from a certified accountant. They must be registered with one of the following official bodies: Institute of Chartered Accountants (FCA/ACA), Association of Chartered Certified Accountants (ACCA/FCCA), Institute of Company Accountants (ASCA/FSCA), Association of Authorised Public Accountants (FAPA/AAPA), Chartered Institute of Public Finance Accountants (CIPFA), Association of International Accountants (AIA).

If your accountant is not a member of one of the above official bodies, then you will need to provide supporting documentation such as your latest SA302 (Tax Calculation Summary) or latest SA310 (Revenue Acknowledgement). You will also need to provide business bank statements for the last 6 months.

If you cannot supply these documents, your alternative is to apply for a Self-Certified Mortgage. The interest rate will be a little higher but you will be able to get your mortgage.

You should discuss your situation with the Mortgage adviser when he phones you after you have submitted your details.