Mortgage with One Year’s Accounts

  • Expert Mortgage Advisers
  • We Work with Dozens of Lenders
  • Access to Competitive Rates
Get in touch for a no-obligation chat with an advisor about the most suitable mortgage option for you.

Speak To An Expert

1 Step 1

Self-Employed Mortgage with One Year of Accounts 

Can you get a Mortgage if you have been Self-Employed for one year?

Although most Mortgage Lenders will ask for three years of accounts or more, there are lenders who are willing to look at applicants with just one years’ worth of accounting history available. 

It should be noted, however, that your choices will be reduced compared to employed people and Self-Employed applicants with a longer accounting history. You will almost certainly need to seek out a more specialist lender to accommodate your needs, and our advisers will be happy to help give you access to those lenders who can help you.

How do I prove my income with one years accounts?

The type of Self-Employed business you operate will determine both the type and the amount of evidence of income you will need to supply. As someone with less availability of historic accounts, you may also need to offer projected future income, as well as proof of prior experience in your chosen industry, before moving into Self-Employed work.


Most lenders will require your full finalised accounts, certified by a qualified accountant, as well as an Tax Calculation (SA302) and Tax Year Overview.

Sole Trader

For sole traders lenders tend to use an average of your total net income over a period of time, so this could be more difficult with only one year of accounts available. You will need to provide any accounting history that you do have, as well as your Tax Calculation (SA302) and Tax Year Overview.


As a partner, the size of your share in the business determines if you can be classed as Self-Employed for the purpose of your mortgage application, and you must own at least 25%. The lender will use your share of the business’ net profits to calculate the loan demonstrated on your Tax Calculation (SA302) and Tax Year Overview. 

How much can I borrow?

Being a Self-Employed borrower should not directly impact the loan you are offered, as the amount you can borrow is generally based on your affordability and creditworthiness. A typical mortgage applicant could expect to borrow a multiple of four and half times their annual income. 

Some professions with higher average incomes are able to borrow higher multiples of their salary, providing they have a strong credit score. Your credit rating can also negatively impact your loan, with lower multiples of your income offered if you have a poor credit score.

What deposit will I need?

All Self-Employed applicants will benefit from offering the highest available deposit that they can afford and this is particularly true, the shorter your period of Self-Employment is.

There is no strict minimum deposit requirement for Self-Employed applicants, but a minimum of 10% deposit is usually expected from any applicant. If you are able to offer more than this, your chance of acceptance will improve.

How can Blue Pepper help me?

As Mortgage Brokers who specialise in providing mortgage advice to Self-Employed applicants, at Blue Pepper, we’ll be able to direct you to those Mortgage Lenders whose acceptance criteria best matches your individual circumstances.

Mortgage applications can often be more complex for Self-Employed applicants, due to the additional criteria to meet and proof required. Our helpful team will be happy to take on much of the administrative burden for you and can advise you about the exact documentation you need to provide, saving you time and stress throughout the entire process.


More About Self Employed Mortgages

Why Choose Us?