William Walsh - Mortgage advisor

13/10/2025

💡 Contractors – Did You Know You Can Get a Mortgage Based on Your Contract Value (Not Just Tax Returns)?

If you’re a contractor, whether you’re paid directly or through your own limited company, there’s some great news… Many lenders will assess your income based on your contract rate rather than your tax returns! 🙌

Here’s how it works 👇
🏗️ Lenders take your daily rate x 5 days x 46 weeks (allowing a few weeks off for holidays) to calculate your annualised income.
💷 That figure is then used for mortgage affordability — often giving you access to a much higher borrowing potential than using traditional self-employed accounts or dividends.
🏢 This method can be used whether you’re paid as an individual contractor or via your own Ltd company.

At Puzzle Mortgages, we work with lenders who truly understand how contracting works — so you don’t get penalised just because your income doesn’t fit a “normal” payslip.

🧩 We’ll help present your contract in the best possible way to maximise affordability and secure the right deal for you.

09/10/2025

💡 Sole Traders – Your Net Profit is the Key to Your Mortgage Approval!

If you’re self-employed as a sole trader, getting a mortgage can feel tricky — especially when your income doesn’t come in the form of a simple payslip. But here’s the good news… lenders understand your setup and will use your net profit (after business expenses) as your income for mortgage affordability. 🙌

Here’s how it works 👇
✅ Most banks and lenders assess your income based on your latest 1–2 years of net profit.
✅ The higher your consistent profit, the stronger your borrowing potential.
✅ Keeping your accounts up to date and accurate makes a huge difference when it’s time to apply.

🗂️ Documents you’ll need:
• SA302s (Tax Calculations) – to show your declared income to HMRC
• Tax Year Overviews – to confirm the tax has been paid
• 3 Months’ Business Bank Statements – to show regular trading and income patterns

At Puzzle Mortgages, we specialise in helping self-employed clients like you prove your true earning potential. We’ll guide you through the paperwork and match you with lenders who really understand how sole traders work.

🏡 Ready to turn your hard work into home ownership?

Don't let being self employed stop you getting the mortgage you need you need an expert to guide you through the options available

07/10/2025

💡 Company Directors – Your Business Profits Could Unlock a Bigger Mortgage!

If you’re a limited company director, your income isn’t always fully reflected by your salary and dividends alone — and that can hold you back when applying for a mortgage.

The good news? 🧩 Some lenders will look beyond what you pay yourself and take into account your company’s net (retained) profits when assessing affordability.

Here’s why that matters 👇
✅ You might be keeping profits in your business for tax efficiency – but those profits still reflect your true earning power.
✅ Certain specialist lenders assess income based on salary + net profit (before or after corporation tax), not just what you withdraw.
✅ This approach can significantly increase your borrowing potential, helping you buy the home you really want.

At Puzzle Mortgages, we work with lenders who understand how limited companies operate. We’ll present your full financial picture to maximise your affordability and find the right residential mortgage to suit your goals.

🏡 Ready to see what’s really possible?
Message us today or visit 👉

Don't let being self employed stop you getting the mortgage you need you need an expert to guide you through the options available

29/01/2025

www.puzzlemortgages.com

🔥🔥 Puzzle mortgages is live 🔥🔥
What better day to launch than on
after over 15 years in the mortgage and property business I'm thrilled to announce the launch of my new brand and website at Puzzle Mortgages.
🟣 At puzzle mortgages, I specialise in helping self employed individuals, company directors, business owners and Contractors navigate the often complex mortgage landscape. Think of your mortgage journey as a puzzle - and we are here to help you fit all the pieces together to achieve your home ownership goals.
Some of the things I offer
▪️ Understanding your situation, everyone is different and every mortgage should be personal and suit your individual needs.
▪️ Expert advice for self-employed, I understand accounts, profits, loss, retained earnings and how difficult it can be getting a self employed mortgage.
▪️ Ltd company directors and business owner mortgages, its so important your dealing with a mortgage adviser that understands the way you work, are paid and how your business runs.
▪️ Specialised support for contractors, day rate contractors, CIS contractors and Locum's all need expert guidance.
I'm looking forward to helping all of my existing and new clients, friends and family with all of your home ownership, re-mortgage and buy to let needs.

Don't let being self employed stop you getting the mortgage you need you need an expert to guide you through the options available

04/03/2024

Your home is at risk if you fail to keep up payments on your mortgage or any other loans secured against it.
Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.
Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.

mint fs, is an Appointed Representative of New Leaf Distribution Ltd which is authorised and regulated by the Financial Conduct Authority: FCA Number 460421

Mint FS Limited is registered in England and Wales with company number 11993128. Registered Office: Unit 6 The Centurion Centre, Castlegate Business Park, Salisbury, Wiltshire, SP4 6QX. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.

21/01/2024

25/08/2023

🍻 Most if your mates down the pub probably told you that a minimum 3 years accounts are needed for a self employed mortgage 🫣

❌ Wrong, with some lenders you only need one years accounts to get your next mortgage or remortgage .

✅ Being completely transparent you will have more options, I.e. more banks to work with. If you have 2 years accounts or more but not everyone wants to wait for 2 years right ?

🔑 One years account is all you may require to get the keys to your dream home with several of the banks we work with.

23/08/2023

🤷🏻 Do you need a bigger deposit to get a mortgage if you are self employed ?

❌ No this is a real misconception, lots of my self employed clients think that they must have a huge deposit or larger deposit than someone who is employed.

💷 In truth there is no difference in the deposit required between a self employed and an employed mortgage application.

👌🏻 I have recently arranged a mortgage for both a Ltd co director and a sole trader with 5 and 10% deposit.

Don’t be put off buying a home as a self employed person because you think you require a bigger deposit this isn’t the case .

Free 30 minute initial mortgage chat - https://calendly.com/will-walsh/30min

09/05/2023

⁉️ What do we all think of the return of the 100% mortgage ?

🏡 Skipton have released their “track record mortgage” product today aimed at first time buyers that are stuck in the rental “trap”.

⭕️ There are a few hoops to jump through

⭐️At least 12 months rental track history out of the last 18 months…

⭐️ The new mortgage payment can’t exceed what you have been paying in rent

⭐️ First time buyers only

⭐️Clean credit specifically no missed payments in the last 6 months

It remains to be seen how difficult the credit score will be but I think it’s likley going to be difficult to pass for anyone that does not have immaculate credit.

🏡 I think it’s a great option for those borrowers truly trapped renting that have good incomes and credit.

Most of my clients don’t fit all the criteria but for some it will be a great initiative

23/01/2023

Book your 30 minute call here