All names and personal details in this case study have been changed or omitted to protect client confidentiality. Any resemblance to specific individuals is coincidental.

The Challenge

When Sarah came to us, she had recently taken the leap into self-employment after years in full-time employment. She had one year of accounts, a healthy income, and a clear picture of where her business was heading — but three high-street lenders had already turned her away. They wanted two to three years of trading history and weren't prepared to look at her situation any more carefully than that.

She was ready to buy, had a good deposit saved, and was frustrated that her decision to work for herself seemed to be counting against her. She wasn't sure it was even possible to get a mortgage at this stage.

Our Approach

We took time to understand Sarah's full financial picture — not just her accounts, but her contract pipeline, her outgoings, and her longer-term plans. As whole-of-market brokers, we have access to lenders who assess self-employed applicants more flexibly, including those who will consider one year of trading where the income is consistent and well-evidenced.

We helped Sarah pull together the supporting documents that would give the right lender confidence — her SA302, tax year overview, and a clear breakdown of her income. We identified the most suitable lender for her circumstances and submitted a well-prepared application on her behalf, keeping her updated every step of the way.

The Outcome

Sarah received a full mortgage offer within a few weeks. The loan was just over £185,000 — comfortably within her affordability — and she completed on her first home two months later. Our fixed fee for the brokerage service was £399.

If you're self-employed and worried a lender will say no, please don't write yourself off before speaking to us. Every situation is different — and we'd love to help you find a way forward.

Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.

Frequently Asked Questions

Can I get a mortgage with one year's self-employed accounts?

Some specialist lenders will consider one year's accounts, depending on your income history and overall financial picture. It's worth speaking to a broker before assuming it's not possible.

Do lenders use my salary or my company's profit?

It depends on the lender and how your business is structured. Some use salary plus dividends, others use salary plus net profit. We'll identify the best approach for your situation.

Will being self-employed affect my mortgage rate?

Not necessarily. The rate you're offered depends on your deposit, credit history, loan-to-value, and the specific lender — not simply whether you're employed or self-employed.

How long does the process take?

The same as any mortgage application — typically around three months from initial consultation to approval, though complex cases can sometimes take a little longer.

Ready to talk? Book your free 15-minute Mortgage Myth Check call today — no obligation, no jargon, just straight answers.