Mortgages When Your Income and Deposit is from Crypto: The UK Reality

If you earn income in cryptocurrency, getting a mortgage in the UK is less about the digital coins themselves and more about the paper trail you create once they’re converted. With the right preparation, it’s possible, but it remains a specialist area.
Let’s be clear: no UK mortgage lender currently accepts cryptocurrency itself as income. The volatility and verification challenges are too great for their risk models.
What lenders will consider is the sterling in your bank account — provided you can prove it’s the legitimate, taxed proceeds of your crypto earnings.

The Golden Rule: Conversion and Taxation

Crypto → Converted to GBP → Declared to HMRC → Evidenced to the lender.
Once crypto is converted and declared via Self‑Assessment, it becomes “verified, legitimate funds” in the eyes of a lender.

Building Your Paper Trail

• Think of it as creating a watertight narrative for the underwriter. You need to connect the dots from “crypto earned” to “GBP taxed and saved.”
  Evidence typically required:
• 6–12 months of bank statements showing consistent converted deposits. Regular, plausible income‑like deposits are stronger than sporadic lump sums.
• Exchange records (e.g., Coinbase, Binance) showing incoming crypto, conversion trades, and withdrawals that match your bank statements. If using DEX, provide wallet transaction history.
• SA302 Tax Calculation from HMRC — the gold standard proof that your crypto earnings have been declared and taxed.
•  Supporting business evidence (contracts, invoices, client correspondence) if you’re a freelancer or contractor.
  
  Deposits vs. Income

• Deposits: Several lenders will consider crypto‑sourced deposits once converted into GBP and backed by a clear audit trail.
• Income: No mainstream lender formally accepts crypto as income. Even those open to deposits require income to be evidenced in GBP and declared to HMRC.

Which Lenders Consider Crypto‑Sourced Deposits

Some lenders have criteria stating they may accept deposits sourced from crypto, case‑by‑case and subject to underwriter approval. These include:

Loughborough Building Society, Aldermore, Livemore Capital, Atom Bank, Lendinvest, AIB for Intermediaries, Pepper Money, Barclays, Bluestone Mortgages, Norton Home Loans, Perenna, Halifax,  Generation Home (Gen H), United Trust Bank

Even with these names, acceptance is not automatic. Each case depends on documentation and underwriter discretion.

Lenders That Do Not Accept Crypto Deposits

Applications with these lenders will be declined if the deposit or primary income source is crypto:

HSBC, Santander, Nationwide, NatWest, Virgin Money, Accord Mortgages, Leeds Building Society, Coventry Building Society, Skipton Building Society

The Broker’s Role

• Knowing which lenders are open to crypto deposits.
• Presenting your case effectively to underwriters.
• Collating exchange records, bank statements, and SA302s into a coherent, credible package.

Key Takeaways

• It’s about the GBP, not the crypto. Focus on documenting conversion and taxation.
• SA302 is essential. Keep your Self‑Assessment up to date.
• Consistency matters. Regular converted deposits are stronger than irregular lump sums.
• Target the right lenders. A broker knows which ones are receptive.
• Plan ahead. Aim for at least one full tax year of documented history, ideally two.