The transformation of solvent soluble unsaturated polyester resins into resins able to form stable water dispersion is presented in this paper. The methods of modification are discussed, consisting of the introduction of polar hydrophilic groups such as carboxylic and sulfonic ones (sodium 5‐sulfonatoisophthalic acid) into the resin molecule, which ensure good tolerance with water. Instead of styrene, glycerol monoethers of allyl alcohol and unsaturated fatty alcohols were used as reactive built‐in crosslinking monomers for resin modification. The influence of the resin composition and method of synthesis on the dispersion stability and properties of photocurable lacquer coatings obtained from the waterborne resins were investigated.