mortgage headache

plinth

Hello all I am a first time poster thats perplexed by mortgages-me and my partner started a business up 2 years ago and to help towards costs we took an intrest only mortgage. This is due to expire on the 1st od November we want to move back to a repayment mortgage we have a 150000 mortage on the house which was valued at 225000 in january could have dropped off a bit now-we earn 65000 between us a year. Our current intrest only mortgage is 623.00 per month- our total outgoings are around 1700 per month with incomming 3900 ish is there any good deals or any good services people can recommend any advice would be much appreciated.

happybroker

lenders requirements as to how long you have been self employed vary quite a bit...some want minimum 3 years, some 1 day.

best bet would be so seek out a good whole of market broker. Obviously I would say that but otherwise you will spend ages going into banks or ringing them up and may still not get the best deal for your circumstances.

herbiesjp

At that kind of loan to value there are plenty deals available.

How many years accounts do you have?

plinth

I dont work in the business and my partner does she takes 20k a year in wages and I get 40k per year, this is a limited company will have 2 years accounts in November-does this effect anything?