If you are self employed with an accountant and able to produce certified accounts or agreed tax assessments, then your bottom line profit figure is used for calculating the amount of mortgage available etc in exactly the same way as an employed person.

However,  the 'bottom line' in a set of accounts often does not tell the full story of a person's income.  The net profit shown may be small because director's fees have been charged against this for example. We have the ability to 'read' accounts, and from much experience we know which lenders are the best to approach depending on the content of a peson's accounts.

Lenders vary considerably in their attitude towards self employed applicants.  Accounts are not always required if self employed tax assessments are available. Some lenders will accept a certification of income from an accountant

Some lenders require a minimum period of self employment before they will consider a mortgage application.

As always - speak to us about your particular circumstances and we will be able to assist you.