Our Customers rate us 4.6 out of 5


Expert advice for mortgages with 1 year accounts.

Owners of young businesses don’t have to worry. Our mortgage advisors are here to help you achieve success even with only 1 year of trading.

Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.

Find me a mortgage broker...

Get an instant quote by letting us know what you’re looking for:

How Much Can You Borrow?

Get an instant quote by filling out the following:

Annual Gross Income
You could borrow
For a property worth:
Annual Gross Income
You could borrow
To buy a property worth:
purple bat

When The Bank Says No is working closely with leading providers...

Useful links to begin your Mortgage Journey


Retained Profit

Retained profit mortgages can increase your chances of approval and help you borrow more. Get started today by talking to one of our advisors!

Debt consolidation mortgages


Are you in an LLP and looking to buy? Our trusted advisors specialise in helping self employed customers achieve mortgage application success.

Debt consolidation mortgages

Decreasing Profits

Don’t let reducing profits reduce your optimism for the future. Our team of expert advisors are here to show you the way to the right mortgage deal.

Debt consolidation mortgages

Ltd Company Directors

Ltd company directors don’t need to fear the mortgage market. Our team of expert mortgage advisors are here to take the headache out of the process.

Can I get a mortgage with 1 year of self-employed accounts?

Yes! This is one of the most commonly asked questions by our self-employed clients, and the answer is quite simply YES. Mortgage approval is definitely possible, even if your self-employed business has only been trading for a year. In fact, When the Bank Says No has sourced mortgage deals for the following:

  • Companies who have been trading for 1 year.
  • Self-employed people seeking buy to let mortgages.
  • Sole traders who have been self-employed for 1 year.
  • Contractors and freelancers – we have found mortgages for them too!
  • Businesses with recent changes in company structure – no worries, we have you covered!
  • Self-employed people with only 1 year accounts and bad credit – that’s okay with us!
bad credit mortgages

Showing you what’s possible.

Don’t let the age of your business worry you. Other factors will have a much bigger impact on your application, and there are plenty of lenders out there who will consider borrowers with only a single year’s accounts. With our expert team on your guide, you can rest easy in the knowledge that you’re putting your best foot forwards on the road to mortgage success. Whatever your circumstances, and whatever kind of business you run, we can help you achieve your homeowning ambitions.

green monster

Let's get the ball rolling.

We can support you and help you to make yourself as attractive to banks as possible, ready for your next application!

blue monster

Check your credit file.

In order for us to assess your credit history and suitability for different mortgage products, you will need to check your file.

Finding The Best Mortgage With One Years Accounts Deal For Your Circumstances

Those who are self-employed but have only been trading for a year might worry about their chances of mortgage success. Whether you’re a sole trader or the director of a limited company, only having a year’s accounts doesn’t have to be a barrier. When the Bank Says No is a team of trusted mortgage advisors specialising in finding suitable lenders for self-employed clients. Whatever your circumstances and however long you’ve been in business, our expert team are here to guide you towards the right mortgage deal for you.

How long do I need to be self-employed to get a mortgage?

There’s no black and white answer to this question. Whilst some lenders will ask for at least 2 and ideally 3 years’ worth of accounts, some lenders won’t. If you haven’t been self-employed for very long, it’s likely the number of deals open to you will be impacted, but that’s not to say it’s impossible to find a good one. Lenders are looking for a steady and sustainable income, and having only 1 year of evidence to support this can make things tricky. However, our team of expert mortgage advisors have helped self-employed people in a range of situations achieve mortgage success. Talk to us today to start your journey!

Turning Your Nightmares Into Dreams

turquoise underline

When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No are here to turn your ‘No’ into a ‘Yes’. We have access to a range of specialist lenders who are willing to help those that the High Street banks just won’t touch. Get in touch today and see how we can turn your dreams into a reality.

How can I get a mortgage with only 1 year’s accounts?

It’s true that high street lenders may decline an application with only 1 year’s accounts. This would be seen as a high risk situation, and for that reason it may be necessary to approach specialist lenders. There are a few things you can do to improve your chances of achieving a mortgages:

  • Approach specialist lenders – they are out there, you just need to know where to look!
  • Have a deposit greater than 10% if possible as this will lower Loan to Value (LTV), lessening the risk for the lender.
  • Show your savings in personal bank accounts.
  • Minimise outstanding debts.
  • Try and boost your credit score.
  • Speak to an expert mortgage advisor who can take the hassle out of the process.

Will the nature of my business affect my mortgage application?

No. It’s uncommon for a lender to favour certain businesses over others. What lenders are looking for is a steady and sustainable income – regardless of your sector. Lockdown and restrictions during the COVID-19 did see some lenders reconsider lending to certain types of businesses that struggled during this period, but these were exceptional circumstances. Generally, a lender is interested in the level of risk you pose and your affordability, not what you do specifically.

Frequently Asked Questions

How much can I borrow with 1 year’s accounts?

The amount you can borrow varies lender to lender depending on their particular policy. Typically, though, self-employed applicants can borrow up to 5 times their net income. It can be common practice for specialist lenders to consider current figures alongside filed accounts because their accounts may not be a true reflection of their finances. For example, if you have been trading for 19 months, they might consider the net income earned over the additional 7 months too. This is especially common where net income is substantially higher than what the accounts show. Underwriters may ask for an accountant’s projection of your business’ finances over time to ensure they can predict your affordability accurately going forward and determine the amount you can borrow.

It can be a good idea to try and amass a larger deposit if you’ve only been in business for a year. This will increase the number of mortgage deals available to you, and improve your chances of success through decreasing the risk to the lender. Despite this, a large deposit isn’t essential in these circumstances, and we’ve helped plenty of clients achieve mortgage approval with a 10% or even 5% deposit. The size of deposit you are required to put down will depend on your overall affordability, credit score and budget. Our expert mortgage advisors can help you work all this out – give us a call today!

Yes, but the number of lenders willing to consider your application will inevitably go down dependant on the type and severity of the adverse credit. If the bad credit was more than 36 months ago, this can make a massive difference, but don’t worry if it is more recent. The best thing to do in this situation is to get in touch with one of our specialist advisors and chat through your specific situation with your credit report handy. We’ll locate the deals available to you and fight your corner where it counts.

Leading advisors for self-employed mortgages.

When the Bank Says No is on a mission to help those who feel frustrated, confused or even scared about finding a mortgage achieve the right deal for them. Our team of advisors have helped self-employed clients all over the UK navigate the process and boost their chances of success, even with only 1 year’s accounts. With market insights, accurate information and helpful advice, we work tirelessly to make sure our clients’ future plans are on track.

debt consolidation mortgages

What Our customers say about us

Our Customers rank us 4.6 out of 5


Get In Touch With A Mortgage Specialist Today