Mortgages
Sole Trader
Lenders usually start from the net profit of the business, not the turnover.
A sole trader is assessed on profit after allowable expenses, as shown on the tax calculation. Two years is common, and some lenders average them. If the latest year is higher and the trend is sound, some will use that year on its own.
Turnover is not the figure they lend against. We use the tax calculations, and the accounts where you have them, so the income presented is the one that lender will actually accept.
There is no increase in the rate or lender fee because you are self-employed. Standard lender rates and fees apply.
From the personal tax return, what is usually required is the tax computation and the matching tax year overview, not the full tax return form. The FAQ’s page explains each document.