Homes for Self-Starters: Exploring Various Mortgage Options for Self-Employed Individuals

Table of Contents

Being self-employed comes with its challenges in every way. When applying for a mortgage as someone self-employed it could seem difficult to choose the right mortgage to suit your finances. Here is a simple guide to all the different types of mortgages available for self-employed people.

Types of Mortgages

For many mainstream lenders, there isn’t a specific mortgage designed for self-employed individuals. Instead, they assess your eligibility for a mortgage based on your financial situation. If you’re not approved by these lenders, due to the perceived risk of being self-employed, you may have to consider smaller lenders that offer self-employed mortgages.

However, these mortgages often come with higher interest rates compared to those offered to individuals with stable jobs.

Here are some of the different types of mortgages:

Fixed-rate Mortgage:

A fixed-rate mortgage is when the lender sets an interest rate that remains constant regardless of the chosen length, typically between 2-5 years. This means that you’ll be making consistent payments throughout the entire mortgage term, making it easier to budget and plan for your expenses.

Variable Rate Mortgage

A variable rate mortgage is the opposite of a fixed rate mortgage. This means that your payments can vary each time the lender adjusts the interest rate. These rates are not linked to the Bank of England base rate. With this type of mortgage, you have the advantage of paying less if the lender’s rates decrease, but also the risk of paying more if the lender increases the interest rates.

Variable Rate Tracker Mortgages

A variable rate tracker mortgage is like a variable rate mortgage but instead of the lender setting the rate of interest, it is instead set by the Bank of England and therefore will vary depending on what the Bank of England set it out to be.

These mortgages often give a better interest rate compared to a variable rate mortgage, but it does still have the variable element attached to it making it so that your payment could easily go up which does make budgeting harder each month.

95% Loan to Value Mortgage

This type of mortgage requires a lower deposit compared to other mortgages. For example, you may only need to put down a 5% deposit, and the lender will provide the remaining 95% as a loan. If a house is valued at £200,000, you would need to pay an initial deposit of £10,000. This allows you to buy a home with a smaller deposit, but it also means you will pay more interest on your mortgage in the long run.

How am I able to find the most suitable mortgage?

To find the most suitable mortgage, simply schedule an appointment with one of our representatives. We provide personalised care and help you secure the most suitable mortgage for your needs.

We’re here to help you:

As a self-starter, you’re used to taking charge and making things happen—but even the most driven individuals can find the mortgage market overwhelming. That’s where we come in. We’re here to empower you with the knowledge and support needed to make informed, confident decisions. Our expert team offers personalised advice tailored specifically to your financial goals, ensuring that you stay in control while benefiting from our industry insights and guidance.

Contact us today to learn more and schedule a no-obligation consultation. We’re here to support you through every step of the process, giving you the tools to succeed in your mortgage journey with confidence and clarity.

Please remember: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £250 to £795 and this will be discussed and agreed with you at the earliest opportunity.

google
Steven Eiles
February 16, 2026
google
aimee spears
February 4, 2026
google
Jess H
January 18, 2026
facebook
Ruby Langton-Higgins
recommends
January 16, 2026
google
Matthew Carter
January 9, 2026
google
Anna Kowalik
December 23, 2025
google
Tasha Green
December 18, 2025
google
Ryan Thorne
December 17, 2025
google
Georgia WR
December 8, 2025
google
Richard Colley
December 7, 2025
google
Emma Penty
December 3, 2025
google
Laura Calvert
November 20, 2025
google
Kenny Phiri
November 9, 2025
google
Oli Davison
November 5, 2025
facebook
Claire Woodhouse
recommends
November 1, 2025
google
Sian Phiri
October 28, 2025
facebook
Becca Oakes
recommends
October 28, 2025
google
Jessica
October 15, 2025
facebook
Chad Seddons
recommends
September 28, 2025
facebook
Al Hinds
recommends
September 13, 2025
google
Hannah Rooke
September 10, 2025
google
Amelia Brittain
September 9, 2025
google
louis griffiths
September 7, 2025
google
Daisy Taylor
September 1, 2025
google
fiona harries
August 12, 2025
facebook
Aryan Pelehroudi
recommends
August 8, 2025
facebook
Nick Milne
recommends
August 6, 2025
facebook
Charlotte Winterburn
recommends
July 26, 2025
google
google
Libby Evans
July 22, 2025
google
Amelia Donlan
July 14, 2025
facebook
Amelia Donlan
recommends
July 14, 2025
google
The hallas Family
July 2, 2025
google
Crysta Smith
July 1, 2025
facebook
Claire Bevan
recommends
June 13, 2025
google
Alex Badger
June 11, 2025
facebook
Alex Badger
recommends
June 11, 2025
facebook
Lyndsay Adams
recommends
May 27, 2025
google
Hannah Cross
May 27, 2025
google
chlopopops
May 3, 2025
google
Emily Deguil
April 2, 2025
google
Alex Murray
April 2, 2025
google
Nathaniel Louis
March 29, 2025
facebook
Sarah Thomas
recommends
March 22, 2025
google
Chloe Hopwood
March 21, 2025
facebook
Lesia Grey
recommends
March 3, 2025
google
Lesia Grey
March 3, 2025
google
ben smith
March 1, 2025
facebook
Josh Burns
recommends
March 1, 2025
google
Laura Adams
February 28, 2025

Looking for advice, or have some questions?

Other News

An image of the current BoE base rate at 3.75%.

Bank of England Rate Cut to 3.75%—What It Means for Your Mortgage

On 18 December 2025, the Bank of England (BoE) cut the base rate from 4% to 3.75%, taking interest rates to their lowest level since early 2023. This marks the sixth rate cut since last summer and reflects growing concerns about weak economic growth and rising unemployment, even as inflation...Read More

Our clients have lots of good things to say about why they think Belle Maison are the “best in the business”. From first time buyers, to buy to let landlords our clients have come to trust the service we provide, comforted that we’re with them every step of the way.

Check out what our clients have to say about us below!

facebookgoogleOverall Rating
5.0
Based on 281 Reviews
google
Steven Eiles
February 16, 2026
google
aimee spears
February 4, 2026
google
Jess H
January 18, 2026
facebook
Ruby Langton-Higgins
recommends
January 16, 2026
google
Matthew Carter
January 9, 2026
google
Anna Kowalik
December 23, 2025