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Self Employed / Ltd Co. Director Afford calculator

Find out how much you could borrow and what your repayments might be if you’re self-employed.

95% Deposit Mortgages

Use our calculators below to find out how much you could borrow and what the repayments are for a mortgage if you’re self-employed.

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Your Results:

You could borrow up to

A small number of lenders might consider lending this amount if you have a high income from your self-employed business, a substantial deposit, and a strong credit history.

Most lenders would consider letting you borrow

This is based on 4.5 times your verified self-employed income, which is the standard calculation used by many mortgage providers.

Some lenders would consider letting you borrow

This is based on 5 times your self-employed income and is often available to those with good-sized deposits, stable earnings, and a solid credit profile.

A minority of lenders would consider letting you borrow

This amount may be available with certain lenders who have flexible criteria for self-employed applicants. Higher deposits, consistent profits, and strong accounts over several years can increase your chances.

When searching for a new mortgage deal, it’s crucial to understand what your repayments could be to determine how much you can afford to borrow. Our calculator provides a rough estimate of the monthly repayments based on the property price, your deposit, the interest rate, and the mortgage term.

Why use a Self-Employed Mortgage Calculator?

If you’re self-employed, it can be tricky to work out how much you could borrow. Lenders often look at your net profit, salary and dividends, or average income over a few years. Our calculator gives you a rough idea of:

  • How much you might be able to borrow.
  • What your monthly repayments could be.

This can help you decide on a suitable property price range and plan your finances.

How Does a Self-Employed Mortgage Calculator Work?

It’s similar to a standard mortgage calculator, but you’ll enter your self-employed income rather than a set salary. You can experiment with:
  • Property Value (£)Enter the price of the home you’re interested in. If you’re not sure, look at recent sales in your chosen area for a realistic idea.
  • Deposit (£)Type in how much you’ve saved so far, or what you plan to save.
  • Mortgage Interest Rate (%)The calculator starts at 4%, but current deals might differ. Try both higher and lower rates to see the impact on your monthly payments.
  • Mortgage Term (years)Commonly 15 to 30 years. Think about your current financial situation and long-term plans when choosing a term.

Please note:

  • Our calculator assumes a repayment mortgage. If you want an interest-only option, please speak to us directly.
  • It shows monthly costs based on a fixed rate. If you choose a variable rate, your payments can change if interest rates go up or down.

Are Self-Employed Mortgage Calculators Accurate?

All mortgage calculators provide guidance only. Real-life lending depends on many factors, such as credit checks and how each lender assesses self-employed income. To get a precise figure, you should speak to a specialist adviser—especially if you have only one or two years of accounts, or if your earnings vary.

Important Points for Self-Employed Borrowers:

  • Extra Fees
    Factor in one-off costs like solicitor’s fees and stamp duty.
  • Monthly Outgoings
    Remember bills, insurance, and protection cover—these all add to your monthly costs.
  • Existing Mortgage or Loans
    Check if there are any early repayment penalties or other charges when switching or remortgaging.
What can I do if the monthly mortgage payments are too high?

What if My Estimated Payments Are Too High?

Don’t worry if the calculator’s figures seem unaffordable:

  • There may be other lenders with more flexible criteria for self-employed borrowers.
  • You could adjust the mortgage term to lower your monthly repayments.
  • A specialist adviser can compare a wide range of deals to find one that better suits your personal and business needs.

What our customers are saying about us

Customer service and communication are our strong points, but we don’t expect you just to take our word for it. If you have time, please take five and read what our customers are saying about us and why they rate us as a 5-star mortgage broker.

Tony T.
11:05 13 Feb 25
After being told we could only get a mortgage at a real high rate and we’d have to wait another year for things to change we were put in contact with Steve who was brilliant from the very beginning of the process and sorted out a brilliant rate for us. Cannot fault the service from Steve and his team he’s helped us to be able to get the property we wanted..
Emma C.
19:50 11 Feb 25
Steve was exceptional in helping us secure a new mortgage earlier this year. Steve kept us in the loop at all times and worked hard to find us the best mortgage deal to fit with our needs. He is professional, so helpful, and is great at explaining all the financial jargon to regular people like us! Absolute star 🌟
Philippa C.
17:47 22 Jan 25
Brilliant service...fantastic advice...all done from the comfort of my home and I have a mortgage that suits my needs ...totally recommend
Lara M.
15:51 04 Jan 25
Steve is an amazing person, very helpful and informative. Straight on it with all updates and no question is too small. Would highly recommend 👌
Sam H.
10:59 08 Nov 24
Steve was brilliant in guiding us through securing a new mortgage for our property. He has helped us over many years with previous mortgage deals and has been so helpful, knowledgeable and patient in answering our many questions. He really does have our best interests at heart and nothing is too much trouble. I would highly recommend The Mortgage Pod to anyone interested in getting the best deal tailored to their needs.
Claire L.
12:35 04 Nov 24
Absolutely fabulous service. Both Steve and Ebony were extremely friendly and helpful! I was well looked after and the team at the mortgage pod made what could have been a stressful time much easier. Recommend for anyone looking for help/advice with a mortgage. I am based in Scotland in a listed building and Steve and Ebony had no issues helping me to find the right deal! Cheers guys.
Jesse H.
11:05 01 Nov 24
We recently worked with Steve and Chris at The Mortgage Pod to buy our new home, and we couldn’t recommend them highly enough.From the outset, Steve carefully assessed our financial situation, offering us practical, clear advice that gave us the confidence to proceed. He took the time to understand our existing mortgage and helped us navigate porting it to our new property with ease.Chris provided a similar level of care with our protection needs, evaluating our current coverage and working with us to recommend tailored solutions to ensure we were well protected for our new circumstances.Their communication was outstanding throughout, which made a real difference in reducing the stress of the process. They were always responsive, using WhatsApp to make it easy for us to stay in touch even during work hours, and provided clear, thorough answers to every question we had along the way.Thanks to Steve and Chris, we felt supported, informed, and prepared at every stage. We’re so grateful for their guidance and expertise!
Alex M.
06:23 05 Oct 24
Steve was absolutely amazing throughout the whole purchasing process of our first home. We had no idea what we were doing and what to expect but Steve helped answer questions no matter how silly or small. Helped us select the best mortgage that suited our needs and circumstances and also got us really competitive mortgage rate!I would recommend The Mortgage Pod to anyone that wants a smooth and easy experience purchasing a home. Thanks for all the help Steve!
Daniel G.
07:22 24 Sep 24
Steve at The Mortgage Pod was fantastic in helping us secure our first home. Our circumstances weren’t the most straight forward as a Ltd company director with only one years trading history.Steve was responsive, knowledgeable, and always available to answer our questions. He made the entire mortgage process smooth and stress-free, explaining everything clearly and ensuring we understood each step. Steve went above and handled everything efficiently, we highly recommend him to anyone looking for a dedicated, professional mortgage advisor. Thank you, Steve, for making our home-buying experience a great one!

Looking for a mortgage? Get in touch with The Mortgage Pod today

Whether you’re looking to buy your first home, moving home or seeking to remortgage, The Mortgage Pod is here to help you find the best deal for your circumstances. Contact us today to arrange a consultation.