Cashback Remortgages · Self-employed and contractors
Self-employed mortgages
Cashback Remortgages is an FCA-regulated, whole-of-market mortgage broker arranging self-employed and contractor mortgages for clients across the UK, by phone, video or in person at our Uxbridge office (by appointment). Lenders assess self-employed income differently, so the right lender matters as much as the rate.
Who it's for
Sole traders, partners, limited company directors, contractors on day rates and people with mixed employed and self-employed income, whether buying, moving or remortgaging.
If you've traded for less than two years, some lenders may still consider you, depending on your history and trade.
How we help
We look at how each lender calculates your income: net profit, salary plus dividends, retained profits or a contract day rate. We then match you with lenders whose method suits your figures.
We help you prepare your accounts and tax documents before applying, which reduces delays and avoids unnecessary credit searches.
The process and timeline
- Initial call to understand your business and income.
- Review of accounts or SA302s and tax year overviews.
- Agreement in principle with a suitable lender.
- Full application, valuation and underwriting (typically two to six weeks).
- Offer, then completion.
Documents you'll need
Requirements vary by lender and circumstances, but expect to provide:
- One to two years' SA302 tax calculations and tax year overviews, or certified accounts.
- Business and personal bank statements.
- For contractors: your current contract and work history.
- Photo ID, proof of address and deposit details.
Fees
We don't charge a broker fee for mortgage advice. Lenders pay us a procuration fee when your mortgage completes. Lender product fees, valuation and legal costs, and any early repayment charge on an existing mortgage, may still apply. We set out every cost before you proceed.
Does cashback apply?
Cashback may be available on eligible cases once your mortgage completes. The amount depends on the type of mortgage and the loan size, and we confirm it and the conditions in writing before you proceed. Cashback is subject to eligibility and conditions.
Guides and calculators
Read more before you speak to us, or use a calculator to explore the numbers.
Your questions, answered
How many years' accounts do I need?
Many lenders ask for two years, and some accept one. Contractors may be assessed on a current contract instead. It depends on the lender and your history.
Do lenders use salary and dividends or company profit?
It varies. Some use salary and dividends, others include your share of retained profit. Which applies can change how much you can borrow.
Can contractors use their day rate?
Some lenders annualise a contract day rate, usually with conditions on contract length and experience in your field.
Will a recent drop in profit affect me?
It can. Lenders may use the lower or an average figure. Tell us early so we can choose lenders that suit your trend.
Do you charge a fee for this?
No. Our mortgage advice is free. Lenders pay us a procuration fee on completion. Lender, valuation and legal costs may still apply, and we explain them before you proceed.
Can you help wherever I live in the UK?
Yes. We advise clients in England, Scotland, Wales and Northern Ireland by phone and video. Office visits in Uxbridge are by appointment.
Sources and further reading
Published by Cashback Remortgages, a UK mortgage broker for all types of mortgages.
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.