Home of the self-employed mortgage
15% of the UK workforce is self-employed†. Many might not apply for a mortgage for fear of rejection.

Our mission is to change that.  Whether your clients are self-employed, contractors or freelancers; croupiers, builders, start-up entrepreneurs or dentists, our range of mortgages are designed to work for them.

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SUITABLE FOR

Self-employed
Contractors
Freelancers

KEY CRITERIA

No restrictions on professions
Affordability based on last year’s accounts
Multiple income streams considered
Contract income x 46 weeks

 

View Lending Criteria  View Product Guide 

†ONS Trends in self-employment in the UK – Feb 2018 

We make things easier

We don’t believe that getting a mortgage for your clients should be complicated, so when you come to Kensington we go out of our way to make the process as easy as possible.   

Our Lending Criteria Digital Assistant is available 24/7 to instantly respond to basic queries, and for more detailed questions you can talk to your dedicated BDM, or our Sales Support team. We use people to underwrite your client’s application rather than rely on machines, and our unique use of data enables us to more accurately assess their credit risk so you have everything you need to recommend the most appropriate mortgage. 

 

We see mortgages differently

One size never fits all which is why our lending criteria is deliberately designed to be flexible so that we can accommodate the inevitable ebbs and flows that can happen when your clients work for themselves. 

 

Our flexible lending criteria
  • Working off the latest year’s accounts for the self-employed
  • Only 1 years trading history required (2 years if over 85% LTV)
  • Calculating contractor income on current weekly contract x46
  • Offering Large Loans: £2m up to 80% LTV / £1.5m up to 85% LTV / £1m up to 90% LTV
  • Accepting share of latest year's net profit and salary
  • For Limited Company, accepting share of latest year's salary and dividends
  • We don’t restrict professions 
  • Charging the same rates as for employed clients
  • Considering Debt Management Plans

 

The little extras
  • We don’t charge application fees 
  • We can offer a free valuation and legals OR a free valuation and £250 cashback 
 
Most popular FAQ's
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Kensington and Kensington Mortgages are trading names of Kensington Mortgage Company Limited (registered in England & Wales No. 3049877), which has its registered office address at: Ascot House, Maidenhead Office Park, Maidenhead SL6 3QQ.

Kensington Mortgage Company Limited is authorised and regulated by the Financial Conduct Authority (Firm Reference No. 310336). Some investment mortgage contracts are not regulated by the Financial Conduct Authority.