[jasondavies]

I'm the director of my own company in the UK (freelance Web development). When I tried to get a mortgage recently they took the average of the last three years of my company accounts (net profit) as my salary equivalent. They didn't take into account the fact that the company profits have substantially increased year-on-year, and the project profits for the coming year are much higher than the average of the last three years.

So yeah, it's a lot harder to deal with banks if you're self-employed, especially as loans seem harder get these days.