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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Sheillah Shing

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NICHOLAS JOHNSON was efficient, made the whole process smooth and stress-free.Always responsive and one step ahead.He went above and beyond .Highly recomended! I have such a wonderful experience from start to finish, They listened carefully to my needs and answer all my questions with patience.

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United Kingdom, 2 days ago

Anonymous
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Very good service overall

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United Kingdom, 3 days ago

Sally Frost

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William always works hard to sourcing the right product for my needs at the time.

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United Kingdom, 5 days ago

Adetoun Ladega

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Dedicated and very helpful I have used them for several successful transactions including remortgages and new acquisitions They are my go to people for all things mortgage and I have introduced them to several clients over the years.

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United Kingdom, 5 days ago

Anonymous

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Iain is always helpful, factual and timely in his responses. Thank you for your continued service.

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United Kingdom, 5 days ago

Sarah Coe

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As always, superb service.

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United Kingdom, 5 days ago

Joanne Franks

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The service and support I receive from Tom was exceptional. He went above and beyond to help me secure a mortgage. Absolutely top service !!!!

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United Kingdom, 5 days ago

Sarah Sterling

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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, 1 week ago

Jonathan Burls

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We were very happy with the service that was provided.

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United Kingdom, 1 week 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, 2 weeks ago