Self Employed & Contractor Mortgage Hamilton
Whole-of-market advice for self-employed workers, company directors and contractors throughout Hamilton and the wider South Lanarkshire area. We take the time to understand the way you earn, then track down a lender who can see the whole picture rather than half of it.
Free initial consultation, no obligation
1Y
Of accounts may be enough with the right lender
3X
Prestige Award winner, three years running
£0
Initial consultation is FREE with no obligation
FCA
Appointed representative.
Self employed mortgage advice in Hamilton
Your income isn't standard. Your advice shouldn't be either.
Working for yourself brings a lot of freedom, but it can turn a mortgage application into something far less predictable. No two lenders interpret company accounts, tax calculations or contractor earnings in quite the same way.
At Prestige Mortgage Solutions, the detail is where we begin. We look closely at how your income is put together, how long you have been trading and what your plans look like from here — and then we talk you through the mortgage options that genuinely suit your position.
How lenders read your income
Four ways of working, four different calculations
The structure you trade under determines the number a lender begins with. Below is what most lenders tend to look for, and the points where the finer detail really counts.
Sole trader
The usual starting point is the net profit shown on your SA302 tax calculations — normally an average of the past two years, or the most recent year if that figure is the lower one. A handful of lenders will work from a single year where your trading record is strong enough.
Limited company director
Salary plus dividends is the standard route, though a smaller pool of lenders will use salary plus your share of retained profit instead. If you tend to leave money inside the business, that single difference can move your borrowing figure considerably.
Day rate contractor
A number of lenders judge contractors on the contract in front of them rather than on company accounts, annualising your day rate across a set number of weeks. Contract length, your renewal record and any gaps between contracts will all be taken into account.
CIS, umbrella and partnerships
Construction workers paid through CIS, contractors sitting inside IR35 via an umbrella company and partners taking a share of profit are all handled in their own way. Going to the right lender first time round saves you from a credit search you didn't need.
Before we speak
What to have ready
None of this is compulsory for a first conversation. Having it nearby simply means we can give you a firmer answer far sooner.
☑ Two years of SA302 tax calculations and tax year overviews
☑ Finalised accounts, or a projection from your accountant
☑ Your current contract and a note of any renewals, if you contract
☑ Three months of business and personal bank statements
☑ Deposit details, including any gifted funds
Buying in Scotland
What’s different about a Hamilton mortgage?
Scotland runs its own tax, its own offer process and its own survey system. If you are self employed, there is a little more to line up before your offer goes in.
LBTT, not Stamp Duty
Property purchases in Scotland attract Land and Buildings Transaction Tax, and the thresholds don't match those used elsewhere in the UK. We check the current rates against your budget so you know exactly what cash you need from day one.
The Home Report
Every Scottish seller has to supply a Home Report containing a surveyor's valuation. Lenders study it carefully, and the gap between that valuation and the asking price can directly affect the amount you're able to borrow.
Closing dates move fast
Sought-after streets around Silvertonhill, Bothwell and Uddingston frequently end up at a closing date. Evidencing self employed income takes longer than a payslip does, which is exactly why having an agreement in principle ready beforehand counts for so much.
How it works
From first conversation to keys in hand
Step 1
Free consultation
An informal, no-obligation chat covering how you trade, what you earn and what you're hoping to buy.
Step 2
Income review
We go through your accounts and contracts line by line and work out the figure lenders will actually use.
Step 3
Agreement in principle
So you can put an offer in across Hamilton with real confidence, closing date or not.
Step 4
Whole-of-market
From high street names right through to contractor specialists, followed by a clear recommendation.
Step 5
Application to keys
We handle lenders, solicitors and estate agents all the way through to completion.
Why US?
Why choose Prestige Mortgage Solutions?
Our aim is to deliver more than the average mortgage broker does, leaving no stone left unturned along the way.
- Advice shaped around the way you genuinely trade, never a one-size-fits-all template.
- Whole of market access, contractor and self employed specialists included.
- Happy to speak directly with your accountant whenever it strengthens the case.
- Phone and video appointments arranged to fit around your working day.
- Lenders, solicitors and estate agents managed by us through to completion.
- A free initial consultation and a quote that carries no obligation.
Hamilton and surrounding areas
Where we help self employed clients
We look after clients right across Hamilton, East Kilbride and the surrounding South Lanarkshire towns — with phone and video appointments available no matter where in the UK you happen to be.
⚲Burnbank ⚲Hillhouse ⚲Earnock ⚲High Blantyre ⚲Blantyre ⚲Bothwell ⚲Uddingston ⚲Ferniegair ⚲Larkhall ⚲Strathaven ⚲Motherwell ⚲Wishaw ⚲East Kilbride ⚲Cambuslang ⚲Rutherglen
Not listed? Call us — we cover the whole of the UK
What our clients say
"Dealt with Chris from start to finish, Chris done everything and more to be able to help me with the port of my mortgage, could not recommend him enough. Fabulous company to deal with."
David Miller
"Chris couldn’t have done more to secure our mortgage. When other companies couldn’t help Chris was able to support us and left no stone untouched. He was great at communicating and I would not hesitate to recommend him to anyone needing a mortgage"
Emma Brunjes
"Great service from start to finish from Chris, quick replys and commicated very well. Made the first time purchase of a house go smoothly throughout the entire process. Highly reccomend him and will use his services in the future"
kyle maguire
FAQs
Self employed mortgage questions, answered
Not sure where you stand? A short conversation will usually swap a general answer for one built around your own figures.
Can I get a bad credit mortgage in Hamilton?
Yes — a mortgage in Hamilton can still be achievable even where your credit history isn't perfect. What's available to you will come down to your personal circumstances, your income, the deposit you hold and the nature of the credit issues you've had.
Can contractors get a mortgage in Hamilton?
Yes, plenty of contractors are able to qualify. Certain lenders take a different approach to assessing your income, potentially working from your contract rate or your history of contracts, depending on your situation.
How many years of accounts do I need for a self-employed mortgage?
That varies from lender to lender. A large number would rather see two years or more of accounts or tax returns, though some will look at applicants with a shorter trading record.
What documents do I need to apply for a self-employed mortgage?
Typically you'll be asked for things like SA302 forms, tax year overviews, business accounts, bank statements and proof of identity. Precise requirements differ from one lender to the next.
Can I get a mortgage with irregular or fluctuating income?
Yes, it may well still be possible. Lenders will look at the track record of your income and consider how steady and sustainable those earnings appear over time.
How can a mortgage broker help self-employed people and contractors?
A broker can pinpoint the lenders who genuinely understand self-employed and contractor income, weigh up the mortgage options that suit you and steer you through the application from start to finish.
Let’s work out what your income will actually borrow
Talk us through how you trade and we'll set out the options that could be open to you. There's no pressure and no obligation — just clear, practical advice from a Hamilton based broker.