Self-employed
A self-employed criteria that’s flexible and true to life
More people are choosing to work flexibly. Just like you, we understand the needs and challenges of your self-employed clients.
Whether your directors of limited companies, sole traders and daily rate contractors, we’ve developed a flexible and true to life approach to lending.
Browse a versatile range of products, all designed for clients with fluctuating incomes. Like our residential Interest-only range, which could suit self-employed clients who want their money to work harder.
Our approach
We understand the challenges self-employed clients face, that's why our underwriters look at each case individually if needed
Criteria:
- Proof of income over two years. We only use the latest years' figures to calculate the maximum loan amount (unless the two vary significantly).
- Directors with 20% or more shares: We take share of net profit (after corporation tax) & salary.
- Daily rate contractors: We calculate the maximum loan affordable based on the day rate.
- Sole Traders/Partnerships: Their share of the net profit is used to calculate the maximum affordable loan amount.
Case studies
Flexible lending for real-life scenarios.
Self-employed important criteria
Residential policy
Residential products
