Finding it a challenge to source a sensible mortgage for self-employed clients?

At the Family Building Society, we pride ourselves on taking a sensible view on income and trading history. Each application is underwritten by a real person, and we look for reasons to accept applications on its own merit.

Our flexible approach means we may be able to offer self-employed clients a mortgage when other high street lenders won’t, just because their work situations or accounts are more complicated than company employees. We are also experts in helping older borrowers who are self-employed, so no application is too complex for us to have a look at.

Evidence of income we consider

• The most recent SA302 or online HMRC Self-Assessment Return showing the tax calculation of the income.
• HMRC calculation of the tax due and the tax year overview showing the total tax due and how much has been paid.
• The last 2 years of audited accounts prepared by a Certified or Chartered Accountant.
• An accountant’s reference or other corroborative information.
• For Limited Companies, where applicants have a 33% + financial stake in the business, we may consider their proportion of net profit and salary over the recent years.

Maximum lending age

We offer generous age threshold for both our Owner Occupier and Buy to Let mortgages:

Owner Occupier:

• For repayment mortgages we offer up to a maximum age of 95 at the end of term.
• For interest-only mortgages a maximum age of 89 can be offered at the start of the loan.
• Up to 80% LTV.

Buy to Let:

• All our Buy to Let mortgages are on an interest-only basis and can be offered up to a maximum age of 89 when the loan commences.