Cambridge Building Society has launched new mortgage products for the self-employed or contractors with one year of accounts.
Both products are available up to 80 per cent LTV.
The lender has launched a two-year discount option at 2.69 per cent with an £800 completion fee and £199 application fee.
A two-year fix is available at 2.99 per cent with the same fees.
Both options are available on loans up to £400,000.
Cambridge Building Society product manager Dan Barker says: “The investment we’ve made in our teams mean that we have expertise in understanding all types of accounts.
“We will usually use the latest year’s accounts when assessing affordability and understand that there may be times when there is profit left in the company, so we will let the borrower use that retained profit. ”
The lender’s products are available on properties in Bedfordshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Norfolk, Northamptonshire and Suffolk.