Review income and documents
Understand how each income source is earned, evidenced and likely to continue.
Mortgage advice for self-employed and complex-income applicants
Mortgage advice for self-employed people and applicants with complex income.
Different lenders can assess company profits, salary, dividends, contract income, bonuses and multiple jobs in different ways. Rahul will review the available evidence and research lenders whose assessment methods may fit your circumstances.
Discuss my mortgage Start with a phone or video conversation.Important information
Your property may be repossessed if you do not keep up repayments on your mortgage.
Your initial review
Questions to cover in your initial review.
01
How will lenders calculate the income they can use?
02
How much trading or contract history might I need?
03
Which accounts, tax documents or contracts should I prepare?
04
How will variable or multiple income sources be assessed?
What the advice covers
Research, recommendation and application support.
Rahul reviews your circumstances, researches suitable mortgages from the lenders and products available through RG Financial Services, and explains his recommendation, its costs and relevant risks before you decide whether to proceed.
- Sole-trader and partnership income
- Limited-company director income
- Contractor and day-rate cases
- Bonus, commission and overtime
- Multiple jobs or income sources
Preparing for a review
Information that will help Rahul understand your circumstances.
You do not need to have every document ready before contacting Rahul. This list is a useful starting point.
- Accounts, tax calculations and tax-year overviews where relevant
- Recent business and personal bank statements
- Employment contracts, day-rate contracts or payslips
- A clear explanation of each income source and recent changes
How the advice works
Three stages from reviewing your needs to progressing your chosen option.
Research suitable lender approaches
Research how lenders assess the income evidence you can provide.
Prepare the application
Present the relevant documents clearly and respond to lender questions as the application progresses.
Frequently asked
Answers to common questions.
These answers are general. Advice and lender criteria depend on your individual circumstances.
How many years of accounts will I need?
Requirements vary. Many lenders ask for two or more years, while some consider shorter trading histories where the rest of the application meets their requirements. The figures and evidence used also differ.
Can a lender consider retained company profit?
Some lenders may consider a company’s profit or other measures instead of salary and dividends alone. This depends on the lender, shareholding, company position and supporting evidence.
How is contractor income assessed?
Assessment may use the current contract, day rate, track record, remaining term or income shown in accounts. Rahul can focus the research on lenders whose method fits the way you work.
Can bonus, commission or overtime be included?
Some lenders may use regular bonus, commission or overtime income, but the amount accepted and evidence required vary. Rahul can research lenders whose approach reflects the way that part of your income is paid.
Contact Rahul
Would you like to discuss how lenders may assess your income?
Explain how you are paid and the stage you have reached. Rahul can explain which documents are likely to be useful for an initial review.
Discuss my mortgage