Get a mortgage with 1-year self-employed accounts

HMRC Self Assessment Tax Return


If you are self-employed with at least 1 year’s worth of accounts or HMRC tax returns, there are mortgage lenders that will accept this with no minimum trading period.


Self-Employed Trend 📈


Recent CIPD research suggests that as many as 1 in 7 UK workers are now self-employed or have become ‘selfies’, adding that self-employed workers now make up almost 15% of the UK labour force (Feb 1st, 2018).

With that in mind, lenders are becoming increasingly aware that they will need to do more to help assist entrepreneurs who may not conform to the existing stereotypical model of self-employment.


How Mortgage Lenders Assess Self-Employed


Standard mortgage lender criteria has always been to request a minimum of 2 or 3 years accounts and then to average the income over the trading period.

This model is old and not representative of the modern self-employed applicant, but thankfully some lenders are starting to realise this.

More and more mortgage lenders are waking up to the fact that this old and tired self-employed underwriting assessment model needs tweaking to move forward with the times.


Self Employed


Changing Times


Recently, Newcastle Building Society unveiled its latest self-employed mortgage where it focuses on a new mortgage product for those applicants who are recently self-employed. The lender also announced that they will now apply an individual case-by-case assessment for all self-employed applicants moving forward.


Self Employed Lender Quote


Lenders that accept 1-year accounts or your latest HMRC tax returns


In addition to Newcastle BS, there are many other lenders who are able to accept either one year’s business accounts, completed/submitted returns (SA302’s), or a completed accountant’s certificate:

  • Aldermore Bank
  • Cambridge Building Society
  • Halifax
  • Kensington
  • Kent Reliance
  • Precise Mortgages
  • TSB
  • Vida Homeloans


All of the above lenders can consider self-employed applicants who have been trading for at least 12 months (subject to further eligibility assessment).

We can help identify the most suitable lender to meet your self-employed circumstances and process your mortgage for free.

We work closely with the lender business development managers to present your self-employed case in the best possible light, no matter how unique your circumstances are and we do not charge any broker fees.


➡ Get started on your self-employed mortgage


Highly recommended Glow mortgages. Our advisor, Ben, was so responsive. He was available at all times of the day and even answered back quickly at the weekends. The whole process from start to finish was so stress free I can't believe how easy it has been. I couldn't recommend people to use this company enough. I would definitely use the service again when it comes to remortgaging.
Rachael Mccrae
Rachael M.
19:19 06 Sep 19
Ben at Glow has been the most crucial and reliable point of contact throughout the entire first time buyer experience. He replies swiftly, he replies out of hours, and he goes above and beyond to help arrange everything from the best mortgage to various insurances and provides a very high standard of accurate general information. Not only that, but the whole thing is digital, from the communication to the document verification - a time-saving and absolutely imperative aspect of the process. Hopefully conveyancers and such will follow suit here, because the rest of the process outside of Glow's involvement is archaic and is in desperate need of modernisation. Ben is doing all he can to make this happen and Glow will go far as the average buyer starts creeping towards the new generations. I would invest in this company if I could. Absolutely 10/10 without question.
Clive Ardern
Clive A.
21:05 31 Jul 19
Absolutely first class! Ben and Glow are fantastic.. Moving with the times with their instant messaging service. This is the way business is going and its great to see a service such as this be done this way. After struggling to obtain a mortgage with various lenders Ben had me an offer in less than a week. Incredible!Can't wait to move into my first place and its all thanks to Glow.. My thanks go out to you all!
Toby Poirier
Toby P.
15:11 10 Jun 19

★ ★ ★ ★ ★
£ 0

  • No Broker Fee
    We receive a commission from the lender on completion.

  • Whole of Market
    Access to over 100 mortgage lenders

  • Live Chat, Phone & Email
    Senior mortgage advisors available 8am - 10pm

  • Online Application
    Digital application from start to finish with access to your online Dashboard.

  • Digital ID Check
    Verify your ID and address digitally.

  • Track your Mortgage 24/7
    Track your mortgage application in real time and download important mortgage documents.
£ £££

  • Broker Fee
    Other brokers can charge a broker fee.

  • Appointments Required
    Appointments that may require you to book time off work or wait to see someone.

  • Phone & Email
    Other brokers may only be limited to phone and email communications.

  • Application Forms
    Having to fill out manual forms and paperwork.

  • Original ID Required / Face to Face
    No digital verification.

  • No Live Updates
    Having to chase by phone or email for an update.

Ben - Author


Author: Ben, Glow Mortgage Advisor (CeMAP, BSc Hons)

Date Published: 9th February 2018.