Can I Get a Mortgage as a Sole Trader?

Can I Get a Mortgage as a Sole Trader?

Yes — but you’ll need to prove income in a way that lenders trust.

Being self-employed as a sole trader doesn’t mean you can’t get a mortgage. But you’ll need to show lenders your income is stable and reliable — and that means more paperwork than someone on PAYE.

Here’s how to improve your chances of mortgage approval as a sole trader.


📋 What Do Lenders Need from Sole Traders?

Most lenders ask for:

  • 2 years of SA302s or tax calculations (some accept 1 year)
  • Tax year overviews from HMRC
  • A consistent or growing income year-on-year
  • Proof of ID, address, and deposit (same as employed applicants)

💡 Lenders will usually take your average income over the past 2 years — or just the most recent year if it’s lower.


💷 How Much Can I Borrow as a Sole Trader?

Usually around 4 to 4.5 times your average annual net income, but it depends on:

  • Your credit history
  • Monthly outgoings
  • Size of your deposit
  • Number of financial dependents

📉 Common Pitfalls for Sole Traders

  • Large gaps between tax years filed
  • High business expenses lowering net income
  • Mixing personal and business finances
  • Only having one year of trading

How to Strengthen Your Application

  • File your tax returns early — lenders dislike delays
  • Work with an accountant (makes your income easier to verify)
  • Save a bigger deposit (10–15%+ helps)
  • Keep credit usage low and bills up to date
  • Speak to a broker who specialises in self-employed cases

💬 Need Help as a Sole Trader?

Getting a mortgage as a sole trader is 100% possible — but it helps to have someone on your side who knows what lenders expect. I’ll guide you through the process and help you present your case in the best light.

✅ Self-employed mortgage support
✅ Lender matching based on your income history
✅ Help with documentation and tax returns

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