A young woman using her laptop to use a self-employed mortgage calculator to see how much she could borrow

Self-employed mortgage calculator

Use our self-employed mortgage calculator to find out how much you could borrow as a self-employed applicant. Just enter a few details to get started!

Do you qualify? Only takes a few minutes, NO CREDIT CHECKS!

How much could you borrow?

Try our self-employed mortgage calculator, no credit checks needed! It only takes a few minutes to see how much you might be able to borrow based on your income.

Fundamental guides for self-employed borrowers

Explore our expert guides designed to help self-employed applicants understand mortgage options, improve affordability, and navigate the application process with confidence.

Mortgages for CIS workers

Understand mortgage options if you’re in the construction industry scheme.

Mortgages for company directors

Find out how company directors can prove income and get mortgage-ready.

Mortgages for contractors

What contractors need to know to get approved for a mortgage confidently.

Freelancer mortgage tips

Determine key mortgage tips and advice designed specifically for freelancers like you.

Only one year’s accounts?

Learn why having one year’s accounts may be enough for lenders.

Sole trader mortgages

How sole traders can demonstrate affordability to lenders.

Zero-hour contract mortgages

Get advice if you work on zero-hour contracts and want a mortgage.

Frequently asked questions

The amount you could borrow will depend on the lender used. This is because each lender has their own way of assessing and calculating your affordability. A lender will look at your income and expenses, which will help them determine what you can comfortably afford.

When you are self-employed some lenders will look at your latest year’s tax return to help them decide. Although, there are others that will look at the past two to three years and then take an average.

As a general rule the larger your deposit and greater your income, the more you can borrow. However, if you are seen as a lending risk because of bad credit, it could reduce your borrowing capabilities.

To give a rough guide, you could borrow up to 4.5x your annual income. This is very similar to what someone in conventional employment could borrow. If you want to discuss your mortgage options, reach out today.

Again, as with your borrowing capabilities, your deposit amount will depend on the lender.

Nowadays you’ll usually need a minimum of 5–10% of the property’s market value. Although, the average deposit in the UK is closer to 20%.

This is due to the fact that a larger deposit allows you to access more favourable deals with better rates, saving you money in the long run due to the saving on interest.

To read more about deposits, you can read our complete self-employed guide.

Lenders usually require you to have been self-employed for at least a year, as they need to look at your accounts during their affordability assessment. If this is the case, they will also assess your employment before you turned self-employed.

Keep in mind that certain lenders may require 2 or 3 years’ worth of accounts.

However, just because you have only been trading for a year doesn’t mean you could borrow less. The income you receive will play a large part in what you could borrow.

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4.98 based on 892 reviews

Sarah Sterling

Verified user

Using Ipswich Mortgage Centre for my property purchase was really easy and gave me the security I needed for a big decision. Ciaran was fantastic in providing me with information on the options available to me and ensuring the whole process ran smoothly. If there were any issues, Ciaran quickly stepped in to clarify and supported me through each step to ensure the transfer happened on time. Thanks for all your help. I would highly recommend working with Ciaran!

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United Kingdom, 5 days ago

Jonathan Burls

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We were very happy with the service that was provided.

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United Kingdom, 6 days ago

Iain Fish

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Thomas Hobin has been very helpful over the years - I first contacted him about 3 years ago but due to circumstances have only recently secured a mortgage. Very helpful at every stage. Many thanks

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United Kingdom, 1 week ago

Anonymous

Verified user

Graham Storey our mortgage advisor help us to achieve to get our new house. They’re helping us to find a low interest rate of our mortgage and help us find our house insurance fit for our budget. Easy to book for appointment to see them face to face and staff are friendly .

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United Kingdom, 1 week ago

Reece Cannell

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Very Good service and very easy to deal with. would recomend them!

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United Kingdom, 1 week ago

Shaun Stanton

Verified user

Highly recomend using Will, I have spoken with him over the last year and a half for advice whilst buying my first property. Friendly, approachable and very helpful for pointing me in the right direction. Although I was declined through several lenders Will persevered and found a lender that approved me. Finally moved in a month ago and feel this would not have been achievable without him.

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United Kingdom, 1 week ago

Charlotte Foster

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We have used the mortgage centre for our last 4 remortgages and Tom has been great. Tom’s very knowledgeable, makes helpful recommendations and works really efficiently. Would definitely recommend

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United Kingdom, 1 week ago

Hollie Farrow

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William Holden at Ipswich mortgage centre was amazing, very knowledgeable and helpful plus efficient with any queries we had. Made our mortgage completion feel easy and stress free.

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United Kingdom, 1 week ago

Lucy

Verified user

Mark Gardiner was my mortgage advisor and honestly he was amazing throughout the whole process. Before Mark contacted me I was at a complete loss as to whether I would ever own my own home due to other mortgage affordability calculators with other organisations. Mark spoke everything through with me at every step of the way, and answered every single one of my questions (there were a few, as I knew absolutely nothing about the process of buying a house!). Mark always made himself available to speak to me, I feel like he went above and beyond for me and my situation, which I really did appreciate. I do not have the right words to describe my gratitude to Mark, if it wasn’t for him I don’t think I would be sitting in my very own house right now. I had such a fantastic experience because of Mark, i would recommend him and your organisation to anyone looking to purchase a house, especially if you are a first time buyer. I just wanted to express my gratitude, and to ensure that Mark gets the acknowledgement for all of the time and effort that he put into my case.

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United Kingdom, 1 month ago

Marcin Ziolkowski

Verified user

Graham from Ipswich Mortgage Centre was an incredible help, exceed my expectations during remortgage time, very patient with my changing requests! Highly recommend to anyone! Will definetely use again in future.

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United Kingdom, 1 month ago