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Buy to let mortgages for self employed

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By Pete Mugleston  | Mortgage Advisor Pete has been a mortgage advisor for over 10 years, and is regularly cited in both trade and national press.

Updated: 23rd August 2019 *

Note: Read our article on other types of proof of income for buy to let mortgages

Getting a mortgage for a buy to let when self employed can be tricky, but actually things are changing and it really isn’t as tough as it used to be. The truth is, since the turn of the year we have seen progress (all be it slow) with lenders relaxing criteria and offering a more flexible approach when it comes to lending to the self employed. And the good news – this is especially true for buy to lets.

  • No minimum income required
  • 1 years accounts ok
  • 2 years accounts ok
  • No income at all needed for experienced landlords

Now, self employed buy to let mortgages are available for those who earn next to nothing, literally. If you are a first time landlord, and show £1 profit, a lender can offer you a mortgage because some have removed minimum income levels, and just ask that you have an income.

Also, if you are an experiecened landlord, then you dont need ANY income proof at all, as they are happy you know what you’re doing and the risk to them is therefore lower.

What you will need is deposit, and that starts at a standard 25% of the property value, although in some circumstances a lender will accept as little as 15%. This can be achieved through savings, family gifts, or even raising capital or taking a charge on any existing properties you may have. For more on buying second properties with current equity see our article on how many mortgages you can have.

See… Buy to let mortgages for the self employed are easy!

Self cert buy to let

Sure, some lenders still ask for verse and chapter, 3 years accounts and references to prove you can afford the mortgage in the event your tennants run off or stop paying, but others that specialise in helping those get a buy to let mortgage when self employed are extremely flexible. These are effectively self cert buy to let mortgages, and one of the few instances where self cert still exists. The property will still need to prove it’s rental income is enough to cover the mortgage adequately, but then again – why would you want to buy an investment that makes no money?!

Best self employed buy to let mortgages

Below are today's best buy to let mortgage deals. Feel free to have a look through and give us a call or make an enquiry for one of the buy to let experts to take you through things.

Self employed applicants love the advisors we work with because:

  • They are whole of market | with access to direct and broker exclusive self-employed products.
  • They are independent | giving you the best advice for you, not what's best for them.
  • They are experienced | all highly trained, fully qualified, with a wealth of experience in arranging self employed and buy to let mortgages.

They have access to each and every UK lender, including those that specialise in self employed & buy to let mortgages, so if there is a mortgage out there you’ll find it.

If you're ready to make an enquiry please fill out our quick form below and a self-employed mortgage expert will be in touch ASAP. If you require immediate assistance please give us a call.

Updated: 23rd August 2019
OnlineMortgageAdvisor 2019 ©

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The info on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs. Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

Find out more about how we help the self employed get mortgages.

Self Employed Mortgages