For employees, banks can read a payslip. For self-employed borrowers, the picture is more complex: revenue, expenses, profit, tax advances and monthly volatility all matter.
Which Documents Do Banks Ask For?
Usually tax assessments, profit and loss statements, accountant confirmation, bank statements and sometimes VAT reports. A well-organized file helps the bank make a faster decision.
What Counts as Income?
Banks usually focus on recognized profit and stable income, not just business revenue. A business can have high turnover but lower mortgage-recognized income after expenses.
How to Improve Approval Chances
- Prepare documents early.
- Reduce short-term obligations where possible.
- Show stability over time.
- Build a mortgage mix that does not pressure business cashflow.
Before approaching banks, it is worth checking repayment ratio and estimated mortgage capacity.