London Daily

Focus on the big picture.
Saturday, Mar 14, 2026

I've been self-employed for 7 years and make double my husband's salary, yet I still can't get a mortgage as easily as he can

I've been self-employed for 7 years and make double my husband's salary, yet I still can't get a mortgage as easily as he can

I've been self-employed for seven years. I make more than I would at a conventional job, and no one can fire me. But I still have to provide additional proof of income when applying for financing - just one way society doesn't take self-employment seriously.

This spring, my phone rang while I was at lunch. It was my mortgage broker, calling with good news.

"You're all set with underwriting," he said. "I just need you to send a copy of your 2012 tax returns."

That's right: My 2012 tax returns were being requested for a mortgage I was getting in 2019.

Luckily, I'm organized and had a copy of the tax returns to the mortgage broker within minutes. But after I sent them, I started stewing over how ridiculous it was that the underwriters needed seven years of employment history to take my job seriously. No one has ever asked my husband - a typical W-2 employee - for years' worth of tax documents to prove his income.

There's a common notion that self-employment isn't legit or as "real" as other career paths. It shows itself in innocuous ways, like when friends or family invite me to the beach or call to chat during my work hours.

It also appears in systemic ways, like when I'm required to submit seven years of tax returns to get a mortgage.

Even people who have known me for years hear "work from home" and "writer" and assume I'm occasionally blogging or working on a novel that will never see the light of day, not taking calls with corporate clients and writing for major sites.

Last year, my husband lost his job, and together we decided it would be best that he stay home for our second daughter's infancy. Suddenly, I was the only breadwinner, which finally helped friends and family realize my job is real. But even then, they often asked if we were "doing OK."

When my husband returned to work a few months ago, it was because he didn't want to be a stay-at-home parent, not because of a pressing financial need. And yet, one friend in particular kept mentioning "what a relief it must be."

People just can't compute that self-employment was enough to support a family of four. That's in part because they assume that my income could suddenly disappear, but I've learned over the years that self-employment is more stable than traditional employment. It's time we ditch the notion that being self-employed is a less-secure career choice.


The security of self-employment

I've been self-employed for seven years now. During that time, my clients and the type of work I'm doing have evolved slightly, but overall, there has been more consistency than change: I write, and clients pay me.

This year, I'll bill for about $100,000, something that blows my mind. That's about four times as much as I was making at the newspaper I worked for before I went full-time freelance, and more than double my husband's income.

And still, I've always had to jump through extra hoops to prove my income. My husband, who works a traditional job, might be asked for a month's worth of pay stubs in order to secure a rental or get a car loan. I, on the other hand, might need to show my bank account and full tax returns, then still put down a larger security deposit or down payment.

This comes from a mistrust of self-reported income. I could be inflating my income, people reason, and even if I'm not, who is to say that income is stable.

But really, no employment is entirely secure. My husband has twice been laid off from his seemingly stable job with no warning. I, on the other hand, can't be fired. Last year, I worked for more than 20 clients. If one of them stops giving me work, my income is reduced, not decimated.

In addition, self-employment gives me control over how much money I make. If I want or need extra cash, I can easily pick up more projects and opt to work more hours.

While my husband might have the option to do overtime if it's available, he doesn't have the same direct control over his income that I do.


Why honoring self-employment matters

It may seem trivial to complain about needing to supply extra paperwork for loans. But the truth is that skepticism over self-employment can make a real difference in people's lives.

I know freelancers who haven't been able to secure a mortgage, for example, because they haven't been self-employed for years and years. Though homeownership isn't right for everyone, it is closely tied to increased net worth and has many tax benefits. People who are self-employed should be able to access those perks through financing, just as traditional employees can.

It's hard to get a solid number on how many Americans work for themselves. The Pew Research Center estimated that 10% of Americans were self-employed in 2014. However, it's clear that the number is growing, driven in part by the gig economy.

People choose self-employment because of its perks, like flexibility, control and, yes, stability. It's time that these workers get the same respect and access to capital as their counterparts who report to an office every day.

Honoring self-employment is about giving people more options. One poll found that 70% of people want to be self-employed. What's stopping them? I'm not entirely sure, but the message that self-employment is risky and unreliable has to be contributing.


Helping other people embrace self-employment

Over the past few years, I've made it my mission to help people see that self-employment could be a legitimate career choice.

I've mentored other writers, mostly women who want to sidestep the corporate world. I've been outspoken about the fact that I make more than my husband does in his traditional job. And, I've shared that he - not I - stayed home with our youngest daughter for her first year.

All of that is an effort to disprove the idea that self-employment is flaky and unreliable. If one of my daughters wants to start their own business, I'll fully support them. And if they decide to work a traditional career path, I'll try to not be too disappointed.

Newsletter

Related Articles

0:00
0:00
Close
Middle East War Highlights Strategic Importance of Strong UK–Ireland Cooperation
Weak Growth Signals UK Economy Was Faltering Even Before Middle East Energy Shock
Marks & Spencer Tops UK Fashion Retail Rankings as Most Considered Brand
United States Launches Trade Investigation Into Allies Over Forced Labour Practices
United States Launches Trade Investigation Into Allies Over Forced Labour Practices
Russia Accuses Britain Over Storm Shadow Strike as London Reaffirms Ukraine’s Right to Self-Defence
Russia Accuses Britain Over Storm Shadow Strike as London Reaffirms Ukraine’s Right to Self-Defence
Royal Navy to Acquire Twenty Uncrewed Surface Vessels for Autonomous Warfare Testing
Russia Summons British and French Envoys After Ukrainian Storm Shadow Strike on Strategic Facility
Starmer Confirms Britain Will Maintain Sanctions on Russia Despite U.S. Policy Shift
UK Moves to Refine AI Definition in Investment Security Reform
UK Economy Stalls in January as Growth Unexpectedly Falls to Zero
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Tesla Secures Approval to Supply Electricity Directly to Homes Across Britain
Prince William Delivers Tribute to Australia’s Naval Alliance Amid Renewed Royal Spotlight on the Country
UK Foreign Secretary Travels to Saudi Arabia to Reinforce Support for Regional Allies
Putin’s ‘Hidden Hand’ May Be Assisting Iran in Conflict With Trump, UK Defence Secretary Warns
UK Sets April Deadline for Tech Platforms to Strengthen Online Protections for Children
Elon Musk Moves Into Britain’s Energy Market as Tesla Wins Licence to Supply Power
UK Watchdog Warns Fuel Retailers Against Profiteering Amid Iran War Price Surge
Report Claims Iran Used UK Charity Network to Expand Influence
United States and United Kingdom Establish Joint Standards for Counter-Drone Technology
Iran May Be Laying Naval Mines in Strait of Hormuz, UK Warns Amid Escalating Gulf Tensions
US Deploys Bunker-Buster Bombs to UK Airbase as Iran Conflict Intensifies
British Troops in Iraq Intercept Iranian Drones Targeting Coalition Base
Release of Mandelson Files Raises Tensions as UK Seeks Stable Relations With Donald Trump
UK Documents Reveal Starmer Was Warned About Mandelson’s Epstein Links Before Ambassador Appointment
Nearly Five Hundred UK Mortgage Deals Withdrawn in Two Days as Market Volatility Forces Lenders to Reprice
Three Cargo Ships Hit Near Iran as Attacks Spread to Strategic Strait of Hormuz
Why British Police Repeatedly Declined to Investigate Jeffrey Epstein’s UK Links
UK Parliament Ends Hereditary Seats in House of Lords, Closing Chapter on Centuries of Aristocratic Lawmaking
EU and UK Urge Israel to Act Against Rising West Bank Settler Violence Amid Regional Tensions
US Senator John Kennedy Says Keir Starmer Should Not Be Trusted for Military Advice Amid Iran War Debate
UK High Court Rejects Attempt to Revive Terrorism Charge Against Kneecap Rapper
Revolut Secures Full UK Banking Licence After Multi-Year Regulatory Wait
Kentucky’s Bench Boost Powers Wildcats Past LSU in SEC Tournament Opener
British Couple Die After Being Pulled From Water at Australian Beach During Family Visit
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
British Airways Suspends UK Repatriation Flights as Middle East Travel Disruption Deepens
US Forces Prepare Ordnance at RAF Fairford as Strategic Bombers Deploy for Middle East Operations
Nigel Farage Faces Criticism After Saying Britain Should Stay Out of Iran War
Landmark UK Trial Begins Over Sony’s PlayStation Store Pricing
UK High Court Rejects Bid to Challenge Britain’s Chagos Islands Agreement With Mauritius
Finnish Duo Triumphs in England’s Annual Wife-Carrying Race, Winning a Barrel of Ale
How U.S. and UK National Security Strategies Are Reshaping the Global Business Landscape
Green Party Gains Momentum as Labour Shifts Toward the Political Centre
Royal Navy Destroyer HMS Dragon Sets Sail for Eastern Mediterranean as Regional Tensions Rise
UK Homebuilder Persimmon Warns Iran Conflict Could Dent Property Buyer Confidence
Roman Abramovich Signals Legal Fight if UK Seeks to Seize Chelsea Sale Funds
×