IF THE BANK SAYS NO, then give us a go!
Self-Employed Remortgage
This page is for general guidance only and does not constitute personalised mortgage advice. Lenders will assess income evidence, affordability, credit history, and the property before offering a remortgage. Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
A self-employed remortgage can involve more checks than a standard remortgage because lenders need to understand how your income is earned, reported, and sustained. If you are a sole trader, limited company director, contractor, partner, or freelancer, your income may not fit a simple payslip-based assessment.
You may be looking to remortgage because your current deal is ending, your business income has changed, or you want to review whether a new lender could offer a suitable product. The key is to present your income clearly so lenders can assess affordability with the right evidence.
Book a free remortgage consultation now
Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your remortgage or other debt secured on it.
Understanding Self-Employed Remortgage Income Checks
When you are self-employed, lenders will usually want to see more than a simple monthly salary. Depending on how your business is set up, they may review tax calculations, tax year overviews, accounts, bank statements, salary, dividends, net profit, retained profit, or contract income.
A strong remortgage application is not just about how much you earn. Lenders also consider whether the income is sustainable, how long you have been trading, how the business has performed, and whether the requested remortgage remains affordable alongside other commitments.
If your income has increased, reduced, or changed recently, the case may need to be explained carefully. This is especially important if your latest accounts do not show the full picture or if your income varies from year to year.
Important: A self-employed remortgage will depend on how the lender assesses income, affordability, credit history, and the property. The right evidence can make a significant difference to how the case is understood.
How We Support You
Self-employed homeowners can sometimes feel frustrated when lenders do not immediately understand their income. We help review how your income is structured and what evidence may support your remortgage case.
We can explain how different lenders may assess sole trader income, limited company income, salary, dividends, retained profits, or contract work. This can help you understand which routes may be more realistic before an application is submitted.
Our approach is practical and clear. We look at the documents, the affordability position, the current mortgage, and the reason for remortgaging, so the case can be considered properly.
When Your Circumstances May Need a Closer Look
This information offers general guidance and may not apply to every remortgage situation.
May suit:
- Self-employed homeowners whose current mortgage deal is ending.
- Sole traders, contractors, freelancers, partners, or company directors reviewing remortgage options.
- Borrowers with variable income who need help presenting their case clearly.
- Business owners who want to understand how lenders may assess salary, dividends, or profits.
May not suit:
- Anyone who cannot provide enough evidence of income for lender affordability checks.
- Borrowers whose current income does not support the requested mortgage payments.
- People looking for guaranteed approval despite limited trading history or incomplete documents.
- Homeowners who need tax advice, accounting advice, or business finance advice, rather than mortgage guidance.
Book a free remortgage consultation now
Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your remortgage or other debt secured on it.
Frequently Asked Questions
What documents do I need for a self-employed remortgage?
You may need tax calculations, tax year overviews, accounts, business bank statements, personal bank statements, accountant details, or contract evidence, depending on your business type.
Do I need two years of accounts to remortgage?
Many lenders prefer two years of accounts, but some may consider shorter trading histories depending on the strength of the case and their criteria.
Can I remortgage if my self-employed income has gone down?
A reduction in income can affect affordability. Lenders may want to understand why income changed and whether the new mortgage payments remain sustainable.
Will being self-employed mean higher remortgage rates?
Not necessarily. Rates depend on the lender, product, loan-to-value, credit history, affordability, and how the case fits the lender’s criteria.
Can I remortgage if my business has recently grown?
Growth may help, but lenders may still want evidence that the income is stable and sustainable. Recent growth needs to be supported with suitable documents.
What Our Clients Say
These are individual client experiences. Past performance is not a guarantee of future results. Your outcome may differ depending on your circumstances.
Last Updated 06/11/25