Your specialist mortgage options

Finding a competitive mortgage deal can be tricky when you’re self-employed, but Moneybrain has the expertise to scour the market and find these ten great options. Moneybrain Advice Ltd is an Appointed Representative of Sequence Financial Management Ltd for mortgage and insurance advice.

Top 10 by Minimum Income

Together

Together
Minimum Property Value
£50,000
Minimum Loan
£3,000
Maximum Loan
£1,000,000
Minimum Age
18
Maximum Age (at start of mortgage)
80 (at end of term subject to income)
Min Income
£15,000
Time in Employment
Must be in employment earning income.
Self-employed
Must be able to demonstrate trading and earning income.
CCJ's/Defaults/Arrears
Up to 6 CCJ's accepted in the last 12 months. CCJ's and defaults ignored if older than 12 months.

Secure Trust Bank

Secure Trust Bank
Minimum Property Value
£65,000
Minimum Loan
£25,001
Maximum Loan
£2,000,000 (subject to approval)
Minimum Age
18
Maximum Age (at start of mortgage)
86 (at end of term)
Min Income
No minimum income
Time in Employment
Dependent on individual circumstances - no restrictions
Self-employed
2 years minimum generally. Newly self-employed can be considered on a case by case basis.
CCJ's/Defaults/Arrears
CCJs - 0 in last 12 months, 2 in last 24 months. Defaults - 0 in last 12 months, 2 in last 24 months (Telecoms and mail order defaults ignored).

The Mortgage Lender

The Mortgage Lender
Minimum Property Value
£70,000
Minimum Loan
£25,000
Maximum Loan
£1,000,000
Minimum Age
21
Maximum Age (at start of mortgage)
80 (at end of term)
Min Income
£15,000
Time in Employment
6 months in current role with 12 months continuous employment history
Self-employed
<=80% LTV 12 months trading. >80% 2 years trading history. Latest years accounts used.
CCJ's/Defaults/Arrears
<= 80% LTV 12 months trading. >80% LTV 24 months+. Will consider last years accounts.

Magellan Home Loans

Magellan Home Loans
Minimum Property Value
£50,000 (subject to LTV)
Minimum Loan
£25,001
Maximum Loan
£750,000
Minimum Age
21 (subject to status)
Maximum Age (at start of mortgage)
75
Min Income
£20,000 (combined)
Time in Employment
Minimum 3 months in current job with 12 months continuous employment.
Self-employed
Minimum 1 years trading. Most recent years figures used.
CCJ's/Defaults/Arrears
CCJs - Max 2 totaling £3,000 in last 2 years (0 in last 3 months). Defaults - 2 totalling £3,000 in last 2 years (0 in last 3 months).

Precise Mortgages

Precise Mortgages
Minimum Property Value
£50,000
Minimum Loan
£25,001
Maximum Loan
£1,000,000 (subject to LTV)
Minimum Age
21
Maximum Age (at start of mortgage)
70
Min Income
£15,000
Time in Employment
Minimum 3 months in current job with 12 months continuous employment.
Self-employed
Minimum 1 years income up to 85% LTV regardless of how long trading.
CCJ's/Defaults/Arrears
Up to 5 Defaults & 3 CCJs in the last 2 years with none in last 3 months.

Kensington Mortgages

Kensington Mortgages
Minimum Property Value
£75,000
Minimum Loan
£25,001
Maximum Loan
£2,000,000 (subject to LTV)
Minimum Age
21
Maximum Age (at start of mortgage)
75
Min Income
Not specified - affordability based
Time in Employment
Minimum of 3 months with current employer and not within probationary period.
Self-employed
1 years finalised accounts.
CCJ's/Defaults/Arrears
CCJs and Defaults Registered >2 years ago ignored (subject to product).CCJ's have to be satisfied. Defaults do not have to be satisfied, all issues relating to Communications are ignored.

Foundation Home Loans

Foundation Home Loans
Minimum Property Value
£75,000
Minimum Loan
£50,000
Maximum Loan
£750,000 (subject to status)
Minimum Age
18
Maximum Age (at start of mortgage)
75
Min Income
No minimum income.
Time in Employment
Minimum 6 months with current employer
Self-employed
2 years trading required
CCJ's/Defaults/Arrears
Mortgage Arrears - Maximum 2 missed in last 2 years (none in last 6 months). CCJ's/Defaults - Maximum 2 registered in last 2 years (Max £2,000 cumulative value)

Dudley Building Society

Dudley Building Society
Minimum Property Value
£75,000
Minimum Loan
£25,001
Maximum Loan
£1,000,000 (subject to LTV)
Minimum Age
18
Maximum Age (at start of mortgage)
N/A
Min Income
Not specified - affordability based using Office of National Statistics data.
Time in Employment
Permanent employment for preceding 6 months and with current employer for min 3 months (not on probationary period)
Self-employed
Minimum 1 years accounts if LTV <75% 2-3 years trading required if >75% LTV
CCJ's/Defaults/Arrears
No missed mortgage payments in last 12 months. Max £5,000 in CCJ's >3 years old. Max £1,000 in defaults <3 years old. Max £5,000 in defaults >3 years old.

Bluestone Mortgages

Bluestone Mortgages
Minimum Property Value
£75,000
Minimum Loan
£50,000
Maximum Loan
£1,000,000
Minimum Age
20
Maximum Age (at start of mortgage)
65
Min Income
Not specified - affordability based
Time in Employment
Minimum 3 months with continuous work in last 12 months
Self-employed
Minimum 12 months trading required. Increased trading periods will support average income over last 2-3 years.
CCJ's/Defaults/Arrears
CCJS >£300 ignored. Communications defaults and CCJ's ignored. No issues in last 6 months permitted.

Aldermore

Aldermore
Minimum Property Value
£60,000
Minimum Loan
£25,000
Maximum Loan
£1,000,000 (75% LTV max)
Minimum Age
21
Maximum Age (at start of mortgage)
70
Min Income
£10,000
Time in Employment
Minimum 3 months with continuous work in last 12 months
Self-employed
Normally 2 years income history required however will consider 1 year if applicant meets specific criteria.
CCJ's/Defaults/Arrears
No CCJ's or Defaults in the last 3 years. Will consider >3 years old.

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