Self-employed mortgages

Being self-employed shouldn’t prevent you from getting a mortgage

Whether you’re looking for a freelance, small business, or contractor mortgage, our specialist self-employed mortgage brokers know the market inside out and will find the best deal for you, based on your day rate or previous year’s Self Assessment.

Call us today on 01273 715885 for your free mortgage consultation, or you can leave your details and we’ll get in touch.

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How can Crunch help if you need a self-employed mortgage?

Your own personal advisor

Our specialist self-employed mortgage advisors will take the time to fully understand your circumstances.

Access to the whole market

We can work with any lender to find you the perfect mortgage with exclusive deals.

Superfast offers

In most cases, we can offer a Decision in Principle in as little as an hour.

Mortgage Monitor service

Crunch Mortgage Monitor is a free service that checks every day to see if you could save money on your mortgage.

Help for first-time buyers

Your own, dedicated advisor will guide you through the whole process and help you to secure your first time buyers mortgage.

Remortgage deals

If you’re coming to the end of a discount period or simply want to switch to a better deal, we’ll find a great mortgage for you.

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Why do you need a mortgage advisor if you’re self-employed?

Not long ago, going to your bank for a mortgage was your first option. Nowadays, it should be your very last option. Typically, banks don't have the qualified staff to understand your complex income. Speaking to a Crunch Broker is definitely better. You’ll be able to speak with someone who will understand your income, advise every lender in the market, and cut the long waiting times.

Time-saving with your own self-employed mortgage advisor broker

Within the first 10 minutes on the phone with a Crunch broker, we'll already have an idea of what you can achieve with us. We can quickly start working on your decision in principle. No appointments are needed. No queuing up outside a branch for ages. Just call us and you’ll be amazed at how easy we can make it for you.

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Access to the whole market with Crunch Mortgages

Crunch Mortgages is an independent whole of market mortgage broker. What does this mean for you? Put simply, we are directly regulated by the FCA - we always follow best practice for our clients and can advise on every lender in the country.

With over 30 years of experience in the market, lenders call us first with new or upcoming deals. As a Crunch client, you’ll have access to them all. If you want access to the entire market then you should call Crunch Mortgages right away.

Self-employed mortgage eligibility: 1hr Decision in Principle

Typically, banks will take weeks to meet you. Whilst, brokers will take weeks to find out what you can borrow. Thankfully, Crunch Brokers can tell you within minutes if you are eligible for a mortgage, and a decision in principle within the hour. You’ll then be free to find your property and make an offer.

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Live Mortgage Monitor - Eyes on the best mortgage for you!

The comfort of knowing that someone is looking out for you 24/7. You’ll receive regular emails such as the current value of your property, the mortgage deal you have, and your loan to value. We can tell you exactly how much you can save by making a switch and give you access to your Crunch broker, who’s ready to take your instructions. Let us be your lighthouse by signing up now.

Speak to an expert about a Mortgage today!

Want a detailed estimate, or to apply today?

Call us on 01273 715885 or Fill out the form.

Find the perfect mortgage for you

Get in touch and one of our Crunch Mortgage brokers will get back to you to start the process.

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Find the perfect self-employed mortgage for you

If you’re self-employed and have had trouble getting a mortgage, don’t despair. These are the different mortgages available to you.

Fixed rate mortgages

There are a variety of self-employed and contractor mortgages that can work for you. Keep your repayments stable and predictable with a fixed-rate mortgage, which typically allows you to freeze the interest rate on your repayments for between one and five years.

If the Bank of England’s base interest rate rises you won’t be affected – however, you also won’t be able to take advantage of any interest rate reductions.

Full repayment mortgages

With a variety of accreditations and different professional backgrounds, our accountants are passionate about helping your business. We’re not your typical accountancy firm - we’re dedicated to sole traders and small business clients across the UK. With a whole team to support you as a self-employed sole trader, we’ll guide you through claiming all the right expenses, filing your Self Assessment, and managing your business accounts. As your business grows, we can advise on how to be more tax-efficient and whether a different business structure, such as a limited company, could be a better way to work.

Interest-only mortgages

Our superhero client managers will be on hand to make sure you get the most out of your online accounting software. We’ll make sure you’re correctly registered for all business taxes, National Insurance, and even VAT Registration, and we’ll take care of HMRC for you. We’re dedicated to helping our clients grow their businesses and manage their taxes.

Tracker mortgages

Our superhero client managers will be on hand to make sure you get the most out of your online accounting software. We’ll make sure you’re correctly registered for all business taxes, National Insurance, and even VAT Registration, and we’ll take care of HMRC for you. We’re dedicated to helping our clients grow their businesses and manage their taxes.

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Great deals for Crunch members

If you’re a Crunch client then you’ll benefit from a discount of up to 15% on our broker fees. Even if you’re not a client, don’t worry - we offer Crunch Chorus members 10% off our broker fee, plus there is no fee for providing accounts to evidence your earnings for the lender.

Crunch Chorus is our free community for the self-employed, with jargon-free guides, videos, discounts, and tools.

Sign up to Crunch Chorus for free

Why self-employed homeowners love Crunch mortgage advisors

Valentina

1 Jul 2021

These guys have been fantastic in getting our mortgage sorted. I was concerned that it would be a nightmare as we are both contractors and I have less than a year’s worth of accounts. But Jamie was confident that wasn’t a problem - and so it proved! A quick and easy process - would definitely recommend!

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Zain Sultan

25 Mar 2021

Having been self employed very recently I was a little worried at the offers which may be available to me if any. Having spoken to another broker who informed me I would have no choice but to take a mortgage with higher interest rates I came across Crunch... The application was processed at lightening speed and I was always kept in the loop and informed of updates. Highly recommended and very affordable, worth every penny.

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Susannah Wintle

29 Sept 2020

These guys have been fantastic in getting our mortgage sorted. I was concerned that it would be a nightmare as we are both contractors and I have less than a year’s worth of accounts. But Jamie was confident that wasn’t a problem - and so it proved! A quick and easy process - would definitely recommend!

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Frequently asked questions about self-employed mortgages

Is it harder to get a mortgage if self-employed?

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Not necessarily. The main rule is that lenders always assess your income and ability to pay back the mortgage. For those traditionally employed, it’s easier to show a paycheck that comes through every month, consistently. Self-employed people don’t always have that sort of regular income but there are lenders out there who are flexible enough to evaluate your whole financial situation, from projects to contracts. At Crunch, we have access to the whole market, so never worry that we’d let you down. We’ll find the right owner and the right mortgage for you!

How are self-employed mortgages calculated?

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Lenders’ methods vary when it comes to assessing your eligibility for getting a self-employed mortgage but it’s typical to look at your last 2 to 3 years of accounts. However, it is not unlikely for a business to have a skyrocketing first year, and be considered by lenders as eligible. It also matters if you’re a sole trader or you have a limited company. For sole traders, the net profits count as income, for limited companies lenders assess salaries and dividends as well. Naturally, the amount of your debt and savings, if any, also count. As you can see, there are many factors and scenarios to consider which is why you’re on a good route if you plan to talk to a Crunch Mortgage Broker.

How much can I borrow being self-employed?

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There are so many criteria to consider for lenders and the formula usually varies lender by lender. The only smart answer to say here is that you need to find a lender who is willing to carefully assess your past and present (and projected future) finances and reach a decision based on the attentive evaluation. This is where Crunch’s self-employed mortgage advisors can be your right hand, doing something truly unique in the market: telling you within minutes if you are eligible for a mortgage or not. We never waste your time.

Do I have to pay higher interest as a self-employed?

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As a self-employed, you have access to the same mortgage products as traditionally employed people, meaning that the interest rates and general terms should be the same for you. However, as mentioned above, the focus will be on your ability to show that you have a certifiable income and can solidly handle the repayments. For lenders, your self-employed status can be seen as a higher risk from a lending perspective and yes, some may only give you a mortgage with higher interest rates. You’ll need to do your best to prove yourself for the best possible rate you can get.

How can I improve my chances of getting a self-employed mortgage (and at a good interest rate)?

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There are many factors that will help you get a good self-mortgage deal, including, but not limited to: a well-prepared proof of income, a good credit score and credit history, preferably more than three years’ worth of accounts, and no business loss in the last three years. Essentially, think of everything that you think can be beneficial and what can be damaging for a business and from a financial point of view. A solid, regular income with proof? Way to go! Unpaid credits from the past? Not the best. Luckily, you don’t need to ask all these questions and find all the answers. This is what our Crunch self-employed mortgage brokers are for.

Got questions about mortgages? We’ve got the answers.

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E-Crunch Ltd t/a Crunch Mortgages is an appointed Representative of Seico Insurance & Mortgages Ltd for mortgage broking purposes. Seico Insurance & Mortgages Ltd is authorised and regulated by the Financial Conduct Authority under Firm Registration Number 300024.