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You may find it more difficult than usual, but there are still lenders out there who will accept two years of accounts if you’re self-employed. 

Why is it so difficult to get a self-employed mortgage? 

They are usually more difficult to get because of the lenders’ difficulties in establishing how much you earn, which means that they can consider you a risk of not being able to pay back what you borrow.  

If you’ve been trading as self-employed for less than three years, then this makes it slightly more difficult to be considered by lenders in the same way a standard mortgage would, due to the increased risk. 

What’s the most I can borrow if I’ve only got two years’ accounts? 

It’s usually around the same as an employed applicant, so between 4-5x your income, dependent on the lender and your credit score.  

For example, if you earn £30,000 a year, you could expect to borrow £120,000 - £150,000, depending on the lender. 

For advice on getting a mortgage with only two years’ accounts, speak to one of our expert advisers who will be able to help you with the next steps.