Running your own business comes with a sense of freedom and flexibility. But when applying for a mortgage, it can sometimes feel like the deck is stacked against you.
You might be wondering: Can I even get approved for a mortgage?

Here are some key things to know, and how a Mortgage Link adviser can help you maximise your mortgage opportunities.

Why are self-employed borrowers assessed differently?

In short, lenders are looking for signs that your income is consistent enough to meet regular mortgage repayments.

When someone is employed full-time, lenders can verify their income through payslips and employment contracts. But if you’re self-employed, your income might be less predictable.

That doesn’t mean you’re not a strong candidate for a loan. It just means lenders will ask for a bit more paperwork to understand your financial picture.

How can you prove that you're financially reliable?

Whether you’re applying through a bank or a non-bank lender, the goal is the same: to show that you’re financially stable.

Just to give you an idea, lenders may want to see:

• A steady or growing income over at least the past 12-24 months.
• Good record-keeping (clear, up-to-date financial statements).
• Healthy credit with minimal outstanding debts.
• A solid deposit.

If your income varies from month to month, or year to year, lenders will usually average your income over a set period to assess your borrowing capacity. That’s why strong documentation is key.

You must be prepared to share a number of different documents, including tax returns, bank statements, and in some cases even cash flow forecasts – especially for newer businesses. Get in touch to learn more.

Got a newer business or irregular income?

Many self-employed Kiwis assume they won’t qualify for a mortgage unless they’ve been in business for years or have a predictable income.

The reality is, you don’t have to be a perfect borrower. You just need to show a clear, consistent story of how your income supports your lifestyle.

If your business is less than two years old or your income isn’t predictable, there may still be plenty of options. Non-bank lenders tend to be more flexible with their lending criteria. They might offer an “alternative documentation” (or alt-doc) loan, or allow you to apply using different income versification proof, like signed contracts, invoices or forecasted revenue.

Once again, get in touch for tailored advice.

Why budgeting and your deposit matter

A strong deposit always helps. The bigger your deposit, the more attractive you’ll look to lenders – and the more mortgage options you may have.

Just as important is showing that you understand your household budget.

Lenders want to see that you can comfortably manage your mortgage repayments alongside regular expenses. So, it pays to do some prep work. Review your spending, tidy up debts and be ready to share your monthly income and expenses.

We're here to help

At Mortgage Link, we’ve helped countless self-employed people secure mortgages that suit their goals – whether it’s their first home, next home or an investment property.

Not quite sure where to start? Get in touch today.

We can provide you with:

• Access to a wide range of bank and non-bank lenders.
• Tailored advice based on your unique situation.
• Help preparing your documents and application.
• Support throughout the process – from pre-approval to settlement.
• Ongoing guidance through regular mortgage reviews.

Link Financial Group Ltd trading as Mortgage Link and Insurance Link FSP 696731 holds a licence issued by the Financial Markets Authority to provide financial advice. Please visit https://mortgagelink.co.nz/available-disclosure/ for more information and Disclosure information.