Freelancing offers incredible flexibility and freedom, but when it comes to getting a mortgage, it can feel like a whole new world. The good news? Homeownership is within reach, even if your work doesn’t fit the traditional 9-to-5 mould. Let’s break it down and show you how to turn your dream of owning a home into reality.
Yes, you can—it just takes a little extra prep work. Unlike employees who hand over a few pay slips, freelancers need to provide a clearer picture of their income. It might take more documentation but don’t worry. There are lenders out there who specialise in helping people like you. With the right broker and a solid plan, you’re on your way.
You’re likely a freelancer if you’re self-employed, work for multiple clients, and enjoy the freedom to set your own schedule. Writers, graphic designers, and photographers are common examples. Unlike contractors who might work exclusively with one company at a time, freelancers juggle multiple gigs and projects.
While the flexibility is great, being self-employed means you’ll need to go the extra mile to prove your income and stability to a lender.
The process isn’t as intimidating as it seems. Here’s what you’ll need to focus on:
Lenders may also ask questions like:
The key is preparation—the more documentation you have, the better.
Because freelancer income can fluctuate, lenders typically average your earnings over a few years. You’ll need to provide:
If you’re a sole trader, your income will be the focus. Directors of limited companies may also need to share details about salary, dividends, and retained profits.
While the exact amount depends on your circumstances, lenders often base it on an average of your recent earnings. Here’s how it might look:
On average, you may be able to borrow three to four times your annual income—sometimes more with the right lender.
Getting a mortgage as a freelancer might take a bit more effort, but it’s entirely doable. Here are some tips to help:
It’s tougher, but not impossible. Specialist lenders can work with freelancers who have less-than-perfect credit. Improving your credit score and demonstrating income stability can significantly improve your chances.
Freelancing doesn’t exclude you from applying for a joint mortgage. If your co-buyer is employed full-time, their stable income can help balance out your fluctuating earnings. Just make sure both of you are prepared to share financial details.
Freelancing doesn’t have to stand in the way of your dream home. With careful preparation and the right support, you can secure a mortgage that works for you. Connect with a broker who specialises in self-employed mortgages and take the first step toward owning your own home today.
If you have questions about getting a mortgage with an adverse credit score, read our FAQs. Our wealth of knowledge within this market means that we’re confident in our ability to offer specialist mortgage advice and secure the mortgage you want regardless of your credit history.
Yes. Freelancers can get a mortgage, but lenders assess income differently than for traditional employees. They usually review tax returns, bank statements, and contracts to confirm your earnings and affordability. Specialist lenders often provide mortgage options tailored for freelancers.
Most lenders typically require two years of accounts or SA302 tax documents to assess your income. Some specialist lenders may accept just one year of accounts if you have a stable work history or previous employment in the same field.
Typically, you will need:
While some high-street lenders may have stricter criteria, many specialist lenders offer mortgage products designed for freelancers. A mortgage broker can help you find lenders that understand variable freelance income and offer competitive rates.
Yes. Some lenders will accept applications from freelancers with shorter trading histories, particularly if you were previously employed in the same field. A broker can guide you to lenders who are more flexible with recent freelance income.
