Self-Employed Mortgages in Oxford & Oxfordshire | Expert Mortgage Advice

Mortgage Advice for the Self-Employed in Oxford

If you’re self-employed and looking to buy, remortgage, or invest in property in Oxford or the wider Oxfordshire area, you may already know that getting a mortgage can feel more complicated. But it doesn’t have to be.

At Drummonds Finance Group, we specialise in helping self-employed professionals, freelancers, business owners, contractors, and sole traders secure competitive mortgage deals—whether you’ve been trading for one year or ten.

🎯 Want to determine how much you could borrow as a self-employed applicant? Get in touch today

Can I Get a Mortgage if I'm Self-Employed?

Yes, absolutely. Many of our clients across Oxfordshire are self-employed and successfully secure mortgages every day. The key difference is in how your income is assessed. Lenders want to see consistent, provable income—usually through accounts or tax returns.

✅ Whether you’re a sole trader, limited company director, or contractor, we’ll match you with lenders who understand your structure.

What Do Lenders Need for Self-Employed Mortgages?

The documentation required can vary, but generally includes

:

• SA302S or tax calculations (usually last 1–2 years)

• Company accounts (if you’re a limited company director)

• Bank statements (personal and business)

• Proof of deposit

🎯 Not sure what you need? We’ll guide you through every step.

How Much Can I Borrow?

Most lenders offer between 4.5x and 5x your average annual income. Some may go up to 5.5x or 6x if your circumstances are strong, especially if you’re in a professional field like law, medicine, or IT.

Example:

• Sole trader earning £50,000/year → could borrow £225,000–£250,000

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• Director drawing salary + dividends of £70,000 → could borrow up to £350,000

✅ We help you maximise your borrowing potential by presenting your finances in the best possible light.

Why Oxfordshire is a Great Place to Buy if You're Self-Employed

Oxford and surrounding areas like Bicester, Abingdon, Witney, and Banbury are home to a thriving self-employed community—from digital creatives and academics to tradespeople and consultants.

Benefits include:

• Strong local economy supported by education, tech, and science

• Excellent transport links to London and the Midlands

• Highly desirable housing stock across urban and rural settings

💡 Whether you’re buying in Jericho or remortgaging in Kidlington, we know the local mortgage market inside and out.

Common Challenges for Self-Employed Applicants

While getting a mortgage is absolutely achievable, you may face:

• Difficulty proving income if you reinvest profits

• Lenders' misunderstanding how your business operates

• Fewer “high street” optionsare available without a broker

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🎯 At Drummonds, we specialise in complex income cases and know which lenders are self-employed friendly.

Case Study: Oxford Freelancer Gets £300k Mortgage

Ben, a freelance videographer based in Oxford, came to us after being turned down by two high street banks. He’d only been self-employed for 18 months and had one full year of accounts.

✅ We matched him with a lender that accepted 1 year’s SA302 and strong projected income. Ben secured a £300,000 mortgage with just a 10% deposit.

💬 “Drummonds made it feel easy. I was ready to give up—I’m so glad I found them.”

What Mortgage Options Are Available for the Self-Employed?

We can help you access:

• Fixed-rate mortgages for predictable monthly payments

• Tracker mortgages that follow the Bank of England base rate

• Offset mortgages (ideal if you have savings or fluctuating income)

• Remortgages to switch to better rates

• Buy-to-let mortgages for self-employed landlords

📞 Explore the best options for your circumstances — book your free consultation

What Deposit Will I Need?

Most lenders require at least a 10% deposit for self-employed applicants. A larger deposit can help you:

• Access better interest rates

• Increase your borrowing power

• Improve your lender options

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💡 We’ll help you assess your savings, gifted deposits, or business reserves to find the best route forward.

Remortgaging When You're Self-Employed

If your fixed deal is ending, or you're looking to release equity, remortgaging can be a smart financial move. But self-employed remortgaging can involve the same documentation hurdles as your initial application.

✅ We’ll handle the paperwork and ensure your income is packaged clearly to lenders.

🎯 Ready to save money or fund home improvements? Let’s talk remortgaging

Why Use Drummonds Finance Group?

✅ Specialists in self-employed mortgage advice

✅ Based locally in Oxfordshire — we understand the market

✅ Access to over 100 UK lenders

✅ Evening and weekend appointments available

✅ Support from application to completion

💬 “We help self-employed clients get the same great rates as everyone else — without the stress.”

Your home may be repossessed if you do not keep up repayments on your mortgage.

Disclaimer: Mortgage eligibility depends on individual circumstances and lender criteria. Always seek advice from a qualified mortgage broker.