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Original poster

Mortgage for the Self Employed - any advice?

5 replies

missmehalia · 08/03/2011 16:01

Hello all,

Just a question on behalf of a family on a self-employed income. Anyone have any recent luck with a mortgage in this situation? Over 3 years' accounts to support an application..

Looking for best lender, etc. We have a fair amount coming in tax credits atm, so I've heard that may help with some lenders.

OP posts:

Original poster

missmehalia · 08/03/2011 16:11

bump

OP posts:

Original poster

missmehalia · 08/03/2011 16:16

bump!

OP posts:

ensure · 08/03/2011 16:19

Contact an IFA. What might be the best for one self-employed mumsnetter might not be right for you.

RockChick1984 · 09/03/2011 09:56

If you have 3 years of accounts it shouldn't be a problem that you are self employed, the bank I work for will accept this as proof of income and then you would be treated the same (eg offered same deals) as anyone who is employed, so I assume most lenders would feel the same.

vickibee · 10/03/2011 11:27

If your accounts are verified by a qualified accounts person you are in a stronger position than if you DIY. We found this - I had been completing my Husband's SA forms (Very straight forward)to save paying fees but it did not carry as much weight with the bank.

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