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Paid childcare

Discuss everything related to paid childcare here, including childminders, nannies, nurseries and au pairs.

Original poster

Childminders step this way....

8 replies

vicki2010 · 18/03/2013 21:09

Would like to hear of your experiences if you don't mind of how successful you have (or haven't been) in getting a mortgage whilst self employed (and almost zero profit!) due to amount of expenses you can claim!

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ZuleikaD · 19/03/2013 06:46

I hate to be a voice of doom but we looked at remortgaging last year and my financial adviser said it would be impossible at the moment. Partly because my earnings are so low but also because I've only got two years' tax returns.

Original poster
vicki2010 · 19/03/2013 07:24

Well we're first time buyers with a large deposit but most so far they will only take dh earning into consideration which is odd as I earn way more then him!! It's not fair

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badgerhead · 19/03/2013 09:24

I have been a childminder for almost 18 years and have remortgaged a few times in that period, the last being nearly 2 years ago & had no problems getting offers. We have done ours through an independent advisor (same one every time) and have had my accounts done by an accountant for the last few years, which I think helps. So yes it is possible, although as you're first time buyers might be harder. Presently mortgage with Santander.

mindingalongtime · 19/03/2013 09:59

We move our mortgage regularly, though might not be so easy in the current climate, but have not had any trouble getting one so far, £250K at the moment. We are both self employed, we use a financial advisor and the mortgage has been based on ability to repay rather than multiples.

Original poster
vicki2010 · 19/03/2013 11:04

Well that's positive! We are seeing santander this week to discuss,I think with our deposit we will be seen as low risk as its such a lot to lose so hopefully someone somewhere will lend to us! Thanks for replies

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Booh · 19/03/2013 14:01

We moved last year and had to re do our mortgage, I was advised to not claim any expenses for a year (and jut pay the bigger tax bill) so your 'true' earnings are shown. But as DH earns way more than me anyway it wouldn't have made any difference, so I didn't bother!

Original poster
vicki2010 · 19/03/2013 18:45

Yes booh,that's what I am thinking I will also be talking to them about that option because my income would make a difference as husband isn't a big earner,thanks for the reply

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Original poster
vicki2010 · 20/03/2013 09:43

Bumping for some more 'experiences!' Thanks in advance lol

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