Self-employed applicants with only one year of trading accounts may still be considered for a mortgage, although available options are typically more limited compared to those with two or more years of accounts. Most UK lenders prefer a longer trading history, but a smaller number will review applications supported by a single completed year.

Lenders usually assess income using finalised accounts prepared by a qualified accountant, along with SA302s and tax year overviews from HMRC. The emphasis is generally on income sustainability and continuity rather than one-off or unusually high earnings. Credit history, deposit size, and overall affordability also form part of the assessment.

Eligibility criteria vary depending on the lender, business structure, and wider financial profile. Because requirements can differ significantly, reviewing individual circumstances helps clarify which mortgage options may be suitable.