How to prove your income for a mortgage

Buying a first property can be a daunting and stressful experience, especially when it comes to getting a mortgage. It is a paperwork overload at the best of times, but becomes even harder if you are self-employed, or have recently started your own business.


It has become trickier over the past 10 years for self-employed workers, freelancers and contractors to get a mortgage. Whether you are buying a new home or re-mortgaging your existing property, it is worth starting to collect all the documents you will need for the mortgage application process early, so you are prepared when you need to act quickly. Documentation may include:

  • Utility bills
  • Proof of benefits received
  • P60 form from your employer
  • Your last three months’ payslips
  • Passport or driving license (to prove your identity)
  • Bank statements of your current account for the last three to six month
  • Statement of two to three years’ accounts from an accountant if self-employed
  • Tax return form SA302 if you have earnings from more than one source or are self-employed
  • Self-employed people should look to provide information alongside their tax return, which supports what the SA302 says about their income, such as bank statements

These are the basics – some lenders might ask for more paperwork.


The key aspect for self-employed workers is the need to prove your income to any mortgage lender you apply to. Most will want to see at least two years’ accounts or tax returns. The more accounts you can show the better. You will need:


  • Two years’ accounts
  • An accountant
  • A track record of regular work
  • A healthy deposit
  • A good credit history


If you don’t have two years accounts, don’t panic. Lenders prefer borrowers to employ an accountant to prepare self-employed workers’ accounts. Speak to us, as well as your mortgage broker, before you apply for a mortgage to make the process as stress free as possible.

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