Self-Employed Mortgage With Bad Credit Both Issues Can Be Solved Together
Being self-employed and having bad credit are each manageable individually but combined they require careful lender selection. A growing number of specialist lenders have developed criteria that accommodate both self-employed income and adverse credit history.
🏦 What Lenders Look At
- Minimum 2 years self-employed accounts SA302 or certified accountant
- Income trend — flat or growing income viewed positively
- Type and age of adverse credit
- Deposit — typically 15-25% depending on severity
- Clean credit since the adverse credit issues
❓ Common Questions
Do self-employed adverse credit mortgages cost more?
Yes — you are in two specialist categories simultaneously which is reflected in the rate. However the gap narrows as your credit file improves and self-employment track record extends.
What income evidence do I need?
Most specialist lenders require 2 years of SA302s from HMRC or certified accounts from an accountant.
Can a contractor get a mortgage with bad credit?
Yes — contractors through limited company or sole trader can access specialist lenders for adverse credit mortgages.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.
This page is for general information only and does not constitute regulated financial advice. The Mortgage Geezer is a trading style of Access Financial Services Ltd who are authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 301173. Registered in England No. 04427489. Registered office address Access Financial Services Ltd, Unit 1 Furtho Court, Towcester Road, Old Stratford, Milton Keynes, MK19 6AN.