Review income and documents
Understand how each income source is earned, evidenced and likely to continue.
Mortgage questions for self-employed and complex-income applicants
Mortgage questions for self-employed directors, contractors and people with complex income.
Lenders assess self-employed and variable income in different ways. Rahul will review your salary, dividends, company profits, contracts, bonuses or multiple income sources, then research lenders whose criteria may suit the evidence you can provide.
Discuss my mortgage Answer four short questions, then choose how to contact Rahul.Important information
Your property may be repossessed if you do not keep up repayments on your mortgage.
RG Financial Services does not provide accounting or tax advice. Speak to a qualified accountant before making changes to how you take income from a business.
Your initial review
Questions lenders may ask about complex or variable income.
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
How Rahul matches your income evidence to lender criteria.
Rahul takes time to understand your circumstances, researches suitable mortgages from the lenders and products available through RG Financial Services, then explains why he considers his recommendation suitable, the costs involved and any relevant risks. If you proceed, he remains your contact while the application progresses.
- 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
Income documents to prepare for a useful review.
You do not need every document before contacting Rahul. This list is a useful starting point and he will confirm what is needed for your circumstances.
- 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
From understanding your income to presenting the application.
Find lender criteria that may fit your income
Compare lenders whose assessment methods may better reflect 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
Mortgage questions for self-employed and complex income.
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 assess salary and dividends, while others may consider retained or net company profit. The approach depends on the lender, your shareholding, the company’s position and the 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
Self-employed or paid through more than one income source?
Tell Rahul how you are paid, how long you have received that income and which documents are available. He’ll explain what is likely to be useful for an initial mortgage review.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances and will be agreed with you before proceeding. The estimated fee is £299, payable at application.
Discuss my mortgage