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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think someone should give me a mortgage

54 replies

quittinaeete · 09/03/2019 13:10

Own my own house outright but want to move to a slightly more expensive one.

Will be a tiny mortgage but I can't get anyone to lend to me as self employed. The first two years I made nothing but now making good money. But because the average over three years is under 12k no one will lend to me.

The mortgage will be just under 200 a month on a five year fixed and I would save enough to pay it off outright after the fix. Even if I did nmw work could easily cover the mortgage. Yet I know people on a lower income that have a string of interest only buy to lets and get mortgages without much Hassel.

OP posts:
Waveysnail · 11/03/2019 11:39

Would you have relative who could guarantor the mortgage?

kimikoglenn · 11/03/2019 18:27

Try Aldermore OP. We just successfully secured a 95% mortgage with only one year of accounts for my partner.

Fluffyglitterbum · 11/03/2019 19:49

Definitely try a broker, I work for a broker and on your income I would say that 25k should certainly be achievable. Obviously that also depends on any credit commitments/ dependants etc. A decent broker will try every avenue before turning you away.

Also,make sure you find a broker who has access to the whole of market so that you know you are getting the best possible deal available to you Smile

ArgyMargy · 11/03/2019 20:12

Ok fair enough. Permie (not pemie) is evidently a thing. Not in my industry but in some Smile

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