Any self-employed single mums with a mortgage out there?

[Clemetipops]

I've put this in relationships as I am making preparations to leave DH.
However, I am also at a crossroads professionally and want to look into starting up my own business in the field I work in. I'd also like to buy a small home for myself and DCs eventually when I leave DH but not sure if I'm being naive and living on a pipe dream.
I'm torn between staying in the type of role I currently work in, where I'm not very happy and increase my hours from part-time to full-time to provide Financial Independence.
Or whether to bide my time, invest my energy into starting up on my own (which is feasible) and wait and hope to make a success of it before eventually having the financial independence to leave.
I'm interested in hearing from other women (if there are any) out there in this position, along with opinions on what I should do going forward?
I don't want to stay in a role or similar to the one I'm in presently and the thought of doing it full time makes my stomach sink.

I’d stay in employment if you dont like current jpb get another. i’m no mortgage broker but think you’d be hard pressed getting a mortgage without one. Can you start up business at same time?

I took.over the mortgage a year ago after separating. I needed 2 years of self employed Tax returns which is the means by which you prove your earnings. I'd say stay employed till the dust settles with you and the kids or have a 'side hustle' if you have the energy

Do one thing at a time. Go full-time first, so you can get some money behind you, and know you’ve got that financial earning capacity. Then leave DH. Then get a mortgage based on your full time earnings, fixed for at least 3 years. Then start your business within first year after buying the house. That then gives you as long as possible to make your own business profitable before you need a new mortgage deal and have to prove earnings etc.

Seems a bit cruel to stay in the marriage simply to get your business off the ground, knowing that you're stringing him along and will leave him as soon as you can - unless he's a horrible, abusive man I think he deserves better tbh. If you don't love him, go full time and leave.

Yes. I got a mortgage on my own as a self-employed single mum, first time buyer. It wasn't easy but using a broker was a godsend. I needed three years accounts, hmrc docs to show tax paid, a years projections, and lots of other evidence but got there eventually!

I used a broker as it's not as straightforward as an employed person's application. My mortgage was small relative to the equity so 2 years tax statements were requested.

It'll be easier to get a mortgage working full time.

I understand that you really want to set up your own business, but perhaps the timing isn't quite right.

Get yourself sorted and once you have your mortgage you can do what you like.

I would go full time in your job first, then get the mortgage on your new place, then start your new business as a side line and slowly build it up so that you’ve always got money coming in and can get out of your marriage as quickly as possible.

I have a mortgage and am self employed. Like PP I needed to prove two years earnings. I had a decent deposit too as XH bought me out of our house.

What concerns me is having the time and energy to start something up "on the side" when I will be full time working with 2 young children as a single mother. Not to mention the nursery fees if I work full time and get my mortgage first. I'm not sure I'll have time for anything as I will be full-time teaching, which is a huge slog with children.

Stay in employment til you've got the mortgage then get yourself set up. Otherwise you're just putting barriers in the way of leaving.

Self employed mortgages are super difficult and you'll need 2 or 3 years of accounts in order to get one - obviously impossible as a new start up