Self-Employed Mortgages in Peterborough
Running your own business does not mean putting your home plans on hold. But when your income comes from profits, dividends or contracts, finding a lender that understands it can make a difference.
We provide advice on self-employed mortgages in Peterborough, helping you present your finances clearly when buying a home or remortgaging.
- Free initial consultation
- Advice for sole traders, partners and company directors
- Help matching your income to suitable lender criteria
How BMFC Helps You Present Your Business Income
We start with how your business is structured and how you receive your income. This helps us compare lenders that may assess your profits, dividends or contracts differently, instead of relying on a salary figure alone.
Our advisers explain which documents support the recommended route and help prepare your application. Wilma supports communication between the advisers and lenders, helping keep information moving as the lender reviews your finances.
How Lenders Assess Self-Employed Income
Your Business Structure Matters
For sole traders, lenders typically consider net profit rather than turnover. If you are in a partnership, they usually assess your share of the profit.
For limited company directors, some lenders use salary and dividends, while others may consider salary alongside your share of company profits. Contractors may be assessed using contract income, depending on the lender’s criteria.
Trading History and Income Trends
Lenders may review several years of figures or focus on your latest year. They also consider whether your income appears sustainable, particularly where profits have changed significantly.
Your spending, credit history and deposit or equity also affect affordability. Self-employment does not automatically mean a higher rate, but the options available depend on your overall circumstances.
Prepare Evidence That Supports Your Application
Depending on the lender and your business structure, you may need finalised accounts, SA302 tax calculations with matching tax year overviews, bank statements or current contracts.
We explain what is needed for your application, so you can gather the relevant evidence.
Only have one completed year? Explore our mortgages with one year’s accounts page.
Make Your Next Home Decision with a Clearer Budget
Whether you are buying your first home, moving or reviewing your mortgage, speak to our team about your business income and plans.
Your home may be repossessed if you do not keep up repayments on your mortgage.
01733 331 603
01223 987422