Can I get a mortgage with less than 1 year self-employment?

It's very difficult but not impossible. Some lenders accept 6 months of trading if you have extensive industry experience from previous employment. A larger deposit and strong credit history improve your chances significantly.

What is an SA302 and do I need one for a mortgage?

An SA302 is HMRC's tax calculation showing your income and tax paid. Most lenders require SA302s for self-employed applicants. You can get these from your HMRC online account or through your accountant.

Will my industry experience help with a 1 year self-employed mortgage?

Yes, having several years of experience in your field before going self-employed is viewed positively. Lenders see this as lower risk than someone starting in a completely new industry with no track record.

Should I wait until I have 2 years of accounts?

If you can wait, 2 years of accounts opens up significantly more lenders and typically better rates. However, if you need to buy now, specialist lenders can work with 1 year - discuss your timeline with a broker.

Quick Answer

Can I Get a Mortgage with 1 Year Self-Employment?

Last reviewed: December 2025

Reviewed by Jay Sabine – CeMAP Qualified – 29 years experience

Yes, some lenders will consider mortgage applications with just 1 year of self-employment history.

While most high street lenders prefer 2-3 years of accounts, specialist lenders and some mainstream banks will consider applications with just 1 year of trading. You'll need strong evidence of income, typically through your SA302 tax calculation or accountant-certified accounts. A larger deposit and clean credit history will strengthen your application.

Your home may be repossessed if you do not keep up repayments on your mortgage. Your Home Finance Ltd is authorised and regulated by the Financial Conduct Authority (FCA 989177).

Key Points

1Some lenders accept 1 year of self-employment accounts
2SA302 tax calculation from HMRC is usually required
3Accountant-certified accounts add credibility
4Your industry experience may help (e.g., contractor in same field)
5A 15-20% deposit improves your options
6Clean credit history is especially important with limited trading

Eligibility Criteria

Minimum 1 full year of trading with accounts
SA302 or accountant-prepared accounts
Ideally 2+ years in your profession (even if recently self-employed)
Minimum 10% deposit (15%+ preferred)
No significant adverse credit
Stable or growing income trend

Typical Timeframe

Once you have 1 complete tax year of self-employment, you can start applying. Getting your accountant to prepare accounts as soon as your year ends speeds up the process. Waiting for a second year of accounts significantly expands your lender options.

Next Steps

1Ensure your first year's accounts are finalised and filed
2Obtain your SA302 from HMRC (or through accountant)
3Ask your accountant for a reference letter if possible
4Calculate your average income for the year
5Speak to a specialist self-employed mortgage broker

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Can I Get a Mortgage with 1 Year Self-Employment?

Key Points

Eligibility Criteria

Typical Timeframe

Next Steps

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