One of the most common issues we see is income fluctuation.
If your income varies significantly from year to year, some lenders may average it out, which could reduce the amount you’re able to borrow.
Others might base their calculation on your most recent year if it’s higher, depending on their policy.
It’s also important to check your credit profile, manage personal expenses carefully, and avoid unexplained gaps in your income wherever possible.
Even small details, like the way your address history is recorded, can affect how your application is viewed.
We’ll look at all of this with you before any lender sees your case, so we can spot and resolve potential issues early. This gives you a stronger position when it’s time to apply.
Documents You’ll Need
To support your application, most lenders will want to see your most recent personal and business bank statements, SA302 tax calculations and tax year overviews.
If you have an accountant, we may also request a summary of your latest accounts or a reference confirming your trading history.
If you’ve only recently become self-employed, or you’re applying after a quieter year of trading, we’ll discuss which lenders are likely to be more flexible and help present your case in the best light.
Can You Get a Mortgage With One Year of Accounts?
It is possible, but your options will be more limited.
Some specialist lenders will work with applicants who only have one full year of accounts, especially if there’s a strong projection for the year ahead or a clear track record in your field.
If you’ve recently moved from employment to self-employment in the same industry, we may be able to use that to your advantage.
Lenders are more likely to support you if there’s evidence of continuity and stable demand for your services.
Date Last Edited: January 5, 2026
