Self Employed & Contractor Mortgage Paisley
Whole-of-market advice for self-employed people, company directors and contractors throughout Paisley and Renfrewshire. We take time to understand how you earn, then match you to a lender that sees the whole picture.
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 Paisley
Your income is different. Your mortgage advice should be too.
Working for yourself brings a lot of freedom, but it can also turn a mortgage application into something that feels far from simple. 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 at the way your income is put together, how long you have been trading and what your plans are from here — and then talk you through the mortgage options that could work for you.
How lenders read your income
Four ways of working, four different calculations
The structure you trade under determines the figure a lender begins with. Below is what most lenders will be looking for, and the places where the finer detail really counts.
Sole trader
The starting point for most lenders is the net profit shown on your SA302 tax calculations — normally an average of the last two years, or the most recent year if that figure is the lower one. A handful will look at a single year's figures where your trading history stacks up well.
Limited company director
Salary plus dividends is the usual route, though a smaller number of lenders are willing to use salary plus your share of retained profit. If you are a director who tends to leave money inside the business, that distinction can transform what you are able to borrow.
Day rate contractor
A number of lenders will assess contractors on their current contract instead of company accounts, annualising your day rate across a set number of weeks. Contract length, your track record of renewals and any gaps between contracts will all come under review.
CIS, umbrella and partnerships
Construction workers paid through CIS, contractors caught inside IR35 via an umbrella company and partners taking a share of profit are each handled in their own way. Going to the right lender first time round saves you an unnecessary credit search.
Before we speak
What to have ready
None of this is a must-have for an initial conversation. Having it within reach just means we can give you a more definite answer that bit quicker.
☑ 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 Paisley mortgage?
Scotland runs its own tax system, its own offer process and its own survey. If you are self employed, there is a little more to get lined up before your offer goes in.
LBTT, not Stamp Duty
Property purchases in Scotland attract Land and Buildings Transaction Tax, and the thresholds differ from 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 these carefully, and how the valuation compares to the asking price will affect the amount you are able to borrow.
Closing dates move fast
Sought-after streets around Ralston, Hawkhead and Castlehead frequently go to a closing date. Evidencing self employed income takes longer, which is exactly why having an agreement in principle ready beforehand counts for so much here.
How it works
From first conversation to keys in hand
Step 1
Free consultation
An informal, no-obligation chat covering how you trade, your income and the property you have in mind.
Step 2
Income review
We go through your accounts and contracts and work out the figure lenders are going to use.
Step 3
Agreement in principle
So you can put an offer in across Paisley with confidence, closing date or not.
Step 4
Whole-of-market
From high street names through to contractor specialists, followed by a clear recommendation.
Step 5
Application to keys
We handle the lender, solicitors and estate agents right through to completion.
Why US?
Why choose Prestige Mortgage Solutions?
Our aim is to deliver more value than your average mortgage broker, leaving no stone left unturned.
- Advice shaped around the way you genuinely trade, rather than a one-size-fits-all template.
- Whole of market access, contractor and self employed specialists included.
- We will talk to your accountant directly wherever it strengthens the case.
- Phone and video appointments arranged to fit around your working day.
- We handle the lender, solicitors and estate agents right through to completion.
- A free initial consultation and a quote with no obligation attached.
Paisley and surrounding areas
Where we help self employed clients
We look after clients right across Paisley, Renfrewshire and the wider area — with phone and video appointments on offer wherever in the UK you happen to be.
⚲Ralston ⚲Hawkhead ⚲Castlehead ⚲Thornly Park ⚲Foxbar ⚲Elderslie ⚲Johnstone ⚲Linwood ⚲Renfrew ⚲Erskine ⚲Bishopton ⚲Bridge of Weir ⚲Kilbarchan ⚲Houston ⚲Barrhead
Not listed? Call us — we cover the whole of the UK
What our clients say
"Couldn’t be happier with Chris’s work helping us secure a mortgage on our new home even when another broker couldn’t help us due to some adverse credit history in the past, Chris done everything he could to help us out and secured us a mortgage offer."
Jake Potter
"Chris has been a delight to work with — extremely helpful and knowledgeable throughout the entire mortgage process.
He was able to get our mortgage over the line within a couple of weeks without any problems or issues. I would highly recommend him to friends and family in the future, as his service was top notch."
Kyle Mcarthur
"Highly recommended, we brought Chris a complicated case which we didn’t think we could achieve and he was able to guide us through the whole process and get us a brilliant outcome which we are super appreciative of. Thanks so much for your help!"
Steven Neilson
FAQs
Self employed mortgage questions, answered
Still unsure where you stand? A short conversation usually replaces a general answer with one that fits your figures.
Can I get a bad credit mortgage in Paisley?
Yes — a mortgage in Paisley may well still be achievable even with a poor credit history behind you. What is available to you will come down to your own circumstances, your income, your deposit and the nature of the credit issues you have had.
Can contractors get a mortgage in Paisley?
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 contract history, depending on your situation.
How many years of accounts do I need for a self-employed mortgage?
That varies from lender to lender. A lot of them would rather see two years or more of accounts or tax returns, but there are some that will look at applicants with a shorter trading history.
What documents do I need to apply for a self-employed mortgage?
Typically you will be asked for things such as SA302 forms, tax year overviews, business accounts, bank statements and proof of identity. Precise requirements do differ from one lender to the next.
Can I get a mortgage with irregular or fluctuating income?
Yes, it may still be possible. Lenders will look at the history of your income and consider how steady and sustainable your earnings appear over the longer term.
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 will set out the options that could be available to you. No pressure, no obligation — simply clear advice from a broker who knows Paisley.