Self-Employed Mortgage: When the Latest Year's Income Makes the Difference
When the most recent year's figures tell a stronger story than the average, the right lender can weight the latest year — and it can change what you can borrow.
By Matthew Pigrome CeMAP
Founder of Mortgage321 · Working in financial services since 1989
Client type
Self-employed applicant (sole trader or contractor)
Mortgage objective
Purchase or remortgage using the latest year's stronger income
Primary challenge
Most high-street lenders average two or three years, which can understate a recently improved position.
Key lesson
Some lenders will weight the most recent year or use an accountant's projection where the trend is clearly upward.
The full write-up is being finalised
This case is part of the Mortgage321 casebook. The complete write-up will be published once it has been compliance-approved. If your circumstances sound similar, discuss your case with Matthew — there’s no obligation and no mark on your credit file.
This Mortgage321 Scenario Guide is educational and does not represent a completed client case or a guaranteed outcome. It does not constitute financial, tax, legal or immigration advice. Outcomes depend on your individual circumstances and lender criteria at the time. Always consult an FCA-regulated adviser. Where buy-to-let or commercial finance is discussed, your property may be repossessed if you do not keep up repayments on a mortgage secured on it. Mortgage321 is a trading style of Matthew Christopher Pigrome, an appointed representative of Ingard Financial Limited, authorised and regulated by the Financial Conduct Authority No. 450731.
Is your situation similar?
Every case is different, but Matthew can look at your circumstances and identify what needs investigating.
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