Can I Get a Mortgage as a Business Owner? 5 Key Things you Need to Know.

Running your own business can be rewarding, but when it comes to buying a home, many business owners worry that their self-employed status will make it harder to get approved for a mortgage. One of the most common questions we hear is “Can I get a mortgage as a business owner?” The good news is, yes you can.

In fact, with the right preparation and guidance, many business owners successfully secure mortgages every year. Lenders are increasingly open to working with people who run limited companies, are sole traders or have more complex incomes. In this blog, we will cover five key points every business owner should know when asking can I get a mortgage as a business owner?

Can I get a mortgage as a business owner?

1.You Will Need Proof of Income

Lenders need to see that you can afford your monthly repayments. This is the same for anyone applying for a mortgage, but when you are self-employed or own a business, proving your income is done differently.

Instead of payslips, lenders usually ask for at least two years of accounts or self-assessment tax returns. Some may accept just one year, but this depends on the lender and the rest of your financial profile. If you are a limited company director, they may also look at your salary and dividends or even retained profits.

When wondering can I get a mortgage as a business owner, it is important to understand what lenders will consider as income. Working with an expert adviser will ensure you present your finances in the best possible way.

2. Lenders Have Different Criteria for Business Owners

Not all lenders treat self employed applicants the same way. Some are more flexible than others, and some specialise in working with business owners. For example, a few lenders are happy to use retained profits in your business when assessing affordability, while others will only use your salary and dividends.

This is where many people struggle when they first ask can I get a mortgage as a business owner? It can feel like the rules are unclear or that you are being judged unfairly compared to employed applicants. That is why getting tailored advice is so important.

At Complete Mortgage Advice, we understand how different lenders work and can match you with the most suitable options for your situation.

3. Your Credit Score Still Matters

Even if you run a successful business, lenders will still check your personal credit score. Missed payments, defaults or a limited credit history can make it harder to get approved or affect the interest rate you are offered.

Make sure your credit report is up to date and accurate. Register to vote, avoid applying for too much credit in a short space of time, and pay bills on time to keep your score healthy.

So while the question can I get a mortgage as a business owner focuses mainly on your income, your credit history also plays a key role.

4. You May Need a Bigger Deposit

Although business owners can and do get mortgages, you may be asked to put down a larger deposit than someone with a standard employment contract. This helps reduce the lender’s risk and can improve your chances of getting a better rate.

In general, having at least a 10 to 15 percent deposit is helpful. However, some lenders may accept as little as 5 percent depending on your circumstances. The bigger your deposit, the more options you are likely to have.

Being realistic about your deposit and saving as much as possible will give you greater flexibility and confidence when searching for a home.

5. Expert Advice Will Make the Process Easier

Buying a property as a business owner may involve a few more steps than it would for someone who is employed, but it is absolutely achievable. Working with a professional mortgage adviser who understands self-employed lending can make the whole process smoother and less stressful.

At Complete Mortgage Advice, we specialise in helping business owners find the right mortgage. We know which lenders are most flexible, what paperwork you will need, and how to present your case in the best light. From gathering your accounts to submitting the application, we will be with you every step of the way.

Can I get a mortgage as a business owner? – Final Thoughts

So, can I get a mortgage as a business owner? Yes, you can. It may require a little more documentation and a careful approach, but with the right support and preparation, business owners across the UK are securing mortgages every day.

If you are thinking of buying a home or remortgaging and want to explore your options as a business owner, get in touch with Complete Mortgage Advice today. We will guide you through the process, answer your questions, and help you make confident choices for your future.

Tom Boulden
Mortgage Broker

📞 01752 905011

📧 info@completemortgageadvice.co.uk

🌐 www.completemortgageadvice.co.uk

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.