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How Do You Reassure Self-Employed Buyers That They Can Still Get a Mortgage in London?
Many entrepreneurs and self-employed professionals believe it’s nearly impossible to get a mortgage in London. The truth? It’s absolutely possible — but you need to be prepared and understand what lenders are looking for.
In this post, created with Step by Step Financial Solutions and Polish Business Link, we’ll break down how self-employed buyers can boost their chances of mortgage approval and take their first step onto the London property ladder.
The Challenge for Self-Employed Buyers
Unlike salaried employees, self-employed buyers often have irregular income. Lenders want to see proof of stability — and that’s where many entrepreneurs worry they’ll fall short.
But here’s the good news: as long as you can show a track record of consistent income and good financial management, you can still qualify.
“Being self-employed doesn’t close the door on mortgages. Lenders just want to see your income history and that your business is stable.”
— Kasia Makarewicz, Senior Mortgage & Protection Adviser, Step by Step Financial Solutions
What Lenders Typically Ask For
If you’re self-employed, lenders usually require:
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2–3 years of business accounts (prepared by an accountant).
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Tax returns (SA302s) from HMRC.
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Tax year overviews.
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Business bank statements.
Some specialist lenders will also consider retained profits in your business.
Tips to Improve Your Chances
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Get your paperwork in order early – Have your accounts and tax returns ready before you start house-hunting.
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Work with a specialist mortgage adviser – They know which lenders are flexible with entrepreneurs.
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Build a good credit score – Pay bills on time and keep debts under control.
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Show consistency – The more stable your income looks, the more comfortable lenders feel.
Why Professional Support Matters
For entrepreneurs, running a business and managing a mortgage application can be overwhelming. That’s why working with a mortgage adviser experienced with self-employed clients is a game-changer.
They know how to present your case, explain irregularities in your income, and connect you with the right lenders.
Final Thoughts
If you’re self-employed, don’t let the fear of rejection stop you from exploring your options. With the right preparation, documentation, and support, you can get a mortgage in London and secure your first home.
This content is part of our video series “Buying a Home in London”, created with the support of AI and in collaboration with PBLINK Partner Step by Step Financial Solutions. The goal: to help our members take their first steps toward homeownership in London.
