HOME OF THE
SELF-EMPLOYED MORTGAGE

Whether you’re self-employed, a contractor or freelancer, our range of mortgages are designed to work for you.

Although 15% of the UK workforce is self-employed, some don’t apply for a mortgage for fear of rejection.

WE MAKE THINGS EASIER

Mortgages shouldn’t be complicated just because you’re self-employed.

For example, we don't place restrictions on professions so you could be a builder, croupier, start-up entrepreneur or a dentist. We go out of way to make things as easy as possible so your mortgage adviser can get you the mortgage you need.

A female florist at work in her shop stock photo

ONE SIZE DOESN'T FIT ALL

As one of the UK’s leading specialist mortgage lenders, we’ve always seen things differently and don’t believe in the "one size fits all" approach of many high street lenders.

That’s why our lending criteria are designed to flex with your individual circumstances and we use human underwriters to assess your application rather than relying on automated credit scoring. With a wide range of Kensington mortgages to choose from, your adviser can select the one that's the best fit for you.

We can work off the latest year's accounts for the self-employed
We only require 1 year's trading history
Contractor income is calculated on your current weekly contract x48 weeks
We accept share of your latest year's net profit and salary
You'll pay the same interest rates as employed customers
We don't place restrictions on professions
We accept Debt Management Plans

THE LITTLE EXTRAS

You won’t pay any upfront application fees
For purchases, you’ll benefit from a free valuation
For remortgages, you’ll benefit from a free valuation and legal fees OR a free valuation and £250 cashback

FREQUENTLY ASKED QUESTIONS

  • What is the difference between a self-employed mortgage and a standard mortgage?

    The main difference between a self-employed mortgage and a standard mortgage is the documents you’ll need to provide to prove your income. As you might not have payslips, we’ll need to see certain documents that show you can afford the mortgage that you’re applying for.

  • What documents will I need if I’m self-employed?

    You'll need to provide some documents so that we can verify your income. This will help us check that you can afford the mortgage that you’re applying for.

    The documents we’ll need may differ depending on if you’re a sole trader, contractor or limited company director.

    For instance, for most self-employed applicants, we’ll need to see your latest SA302 form and tax year overview.

    Your mortgage adviser will tell you what documents we’ll need to see when they submit a full mortgage application.

  • How do I apply for a self-employed mortgage?

    As our mortgages are arranged through mortgage advisers, you‘ll need to speak to an adviser about our products. They’ll be able to give you advice and help you find the mortgage that may be suitable for your circumstances.

    If you don’t have a mortgage adviser, we’ve teamed up with the experts at Like Mortgage Advice who can offer you FEE FREE advice – both before and during the mortgage application process.

    As our preferred mortgage adviser, they have a deep understanding of our products and will be able to advise you on which Kensington mortgage may best suit your needs.

    If you’d like to have an initial chat with one of their team, then you can call them on 020 3827 8940.

    Like Mortgage Advice Limited is an appointed representative of Hawke Financial Services LLP, who are authorised and regulated by the Financial Conduct Authority (FCA Register No. 478284).

    If you’d prefer to find your own mortgage adviser, you can visit Unbiased.co.uk where you’ll find a list of advisers you can choose from.

  • Can I get a self-employed mortgage if I’ve got bad credit history?

    As a specialist lender, we can consider self-employed applicants who have a less than perfect credit history.

WHAT OUR CUSTOMERS SAY

READY TO TAKE THE NEXT STEP?

Use our Mortgage Match tool to find the Kensington mortgage that might meet your needs. Find out if you're eligible in just 60 seconds, and it won't affect your credit score.

Please be aware mortgages are secured against your home and your home may be repossessed if you do not keep up repayments on your mortgage.

† Source: ONS Trends in self-employment in the UK – Feb 2018