self employed mortgage

steveb1

Quick question i have one years accounts self employed, would it be better for me to wait till april for two years full accounts. Before applying for a mortgage.
I am a first time buyer with about 25% deposit.

koexelek

In an ideal world, you'd be better to wait, as you get a better rate of interest if you can show accounts than if you can't.

BUT, if the house is a good buy, you might be as well to buy it now, as the price might go up again..........or on the other hand if you leave it the price might go down further

At least with a 25% deposit, you will be able to get a self cert mortgage if you need one though.

herbiesjp

You can get a good mortgage deal with one years accounts and a projection for year two.

A deposit is fantastic - well done!

No need for self cert if you have the accounts and projection