Why Self Employed mortgages?

Self-employment has increased significantly since 2008 - currently around one in seven are self-employed in their main job - but this growing population is finding it more and more difficult to get a mortgage. Professional mortgage brokers are well-placed to assist the self-employed in obtaining a mortgage, using specialist lenders such as Vida Homeloans who assess each individual on their own merits using specialist underwriters, rather than the “computer says no” approach often associated with mainstream lenders.


  • Sales executives whose annual salary is made up of a high proportion of commission
  • NHS professionals working extra shifts in the private sector or on a contractual basis
  • Full time office workers with part time second jobs
  • Business owners and entrepreneurs, workers in the gig economy
  • Bank workers whose bonus package includes vested shares

Who is this product for

  • Sole traders and those owning 25% or more of the company and have a maximum of 12 months trading
  • Includes Limited Company, Sole Traders & Partnerships

Key Lending Criteria

  • 1 year’s accounts or SA302 and tax year overview required
  • For Limited Companies Vida will consider last year’s net profit after tax if 100% shareholders are on the mortgage (last 3 years accounts will need to show stable or improving business profits)
  • Available up to 90% LTV including fees. Where above 85% LTV, applicants need to be 25 or over with a minimum property valuation of £100,000
  • Up to 85% LTV, minimum age is 21
  • Minimum income £15,000 for the main applicant
  • All property types considered
  • Available on Capital Repayment or Interest Only