Can you get a mortgage without a full-time job?

Getting approved for a mortgage without a full-time job can be challenging, but it is possible.

Check eligibility for a mortgage

  • The UK's largest fee-free broker
  • No need for a credit check
  • Support through the whole process

The most important aspect when applying for a mortgage is being able to show a lender that you will be able to meet their monthly payments.

This is certainly possible to do if you are self-employed, working part-time or as a freelancer, but banks will require that you take extra steps to prove that your income and financial status are stable.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

What do lenders look for?

Before approving you for a mortgage loan, lenders want to make sure that you can afford your monthly mortgage payments.

This means they’ll take a close look at your gross monthly income and your total monthly debts.

Earning the right debt-to-income ratio without a full-time job might be a struggle. But if your total monthly income is high enough even without such a job, you should be able to qualify for a mortgage.

While income and other debts are major factors that lenders take into account, they also look at the size of deposit you have.

Having a deposit of at least 10% of the value of the property you want to buy will improve your chances of getting the size of mortgage you need.

Why is it harder for freelancers to get a mortgage?

The difficulty lies in proving your self-employed income to a lender, which is often more complicated than simply declaring your payslips if you’re in regular employment. As a freelancer, your earnings are likely to fluctuate from month-to-month, meaning you will have varying levels of income throughout the year.

A freelancer also has less job security than a full-time worker. All of these factors can make lenders nervous, but that doesn’t mean that freelancers can’t access the same mortgage rates as those in regular full-time employment.

Tips to get approved

Prove your income

Many lenders are happy to give mortgages to self-employed, part-time workers or freelancers if they’ve been trading or working for more than three years, and have two years of tax returns and business accounts to prove their income.

So, if you’re thinking of getting a self-employed mortgage soon, but haven’t been trading or working for long enough, it’s better to wait until you can provide the lender with the evidence they require before putting in an application.

Save for a larger deposit

Some lenders will impose stricter rules on the amount of deposit you’ll need to get a freelance mortgage, so you may need to dig a little deeper to come up with the extra funds before they’ll accept you for a mortgage.

This isn’t always the case though, as some lenders may prefer to see future profit projections to ensure that you can afford the repayments now and in the years to come.

Shop around to find reputable lenders who are well-known for offering self-employed mortgages and approach them first to see what kind of deposit or projections they’ll expect to see.

Once you’ve decided which one you feel offers the best fit for your circumstances, you can apply for your mortgage.

Keep your files in order

To further increase your chances of being accepted for a freelancer or part-time mortgage, you’ll need to make sure that all of your accounts and tax returns are up-to-date and in good order, as the lender will need to see this evidence before considering you for a mortgage.

This, along with a solid credit rating, a healthy deposit and watertight accounts, will work in your favour.

Documentation required

Lenders will need to assess your income to work out how much you can afford to repay. The approach they use will depend on whether you’re running a business, are in a partnership, or are a contractor.

But generally speaking, the following is what lenders will expect to see:

SA302 forms

Lenders will want to see the income you’ve reported to HMRC and the tax paid. SA302 forms show this information, as does a “tax year overview” – HMRC can provide both.

Most lenders will expect to see the last three years of calculations, though some may accept two.

Use an accountant

It’s vital to have a certified or chartered accountant prepare your books. Many lenders won’t accept accounts that haven’t been signed off by an accountant.

Long-term contracts

If you can show evidence of long-term contracts from clients, regular sales or repeat business, this may go some way to allaying lenders’ concerns.

It’s worth providing as much evidence as possible that your business or work is robust and regular, above and beyond the documents the lender specifically requests.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site