mortgage advise please

pumpkin30

can anybody please advise on below

currently owe 88k on mortgage property valued at 140k

house were looking at 250k could probably knock down to 230k they want to sell quickly

promblems
1 husband has 6 late payments on credit check all credit cards that were payed later than due date
2 we own our own company thats only run for a year but made a profit and not yet done end of year accounts
3 will all banks require a copy of company accounts or just proof of income halifax our bank have not mentioned it yet
4 we earn £2058 each after tax per month will this be enough
5are we better approaching a lender that deals with people in our situation and who work for themselves and who are they

thanks for any answers in advance:T

opinions4u

1. Big problem.
2. Most lenders will want 2 or 3 years accounts in the current market.
3. Halifax will want accounts.
4. To borrow £200k? Doubt it. Is that how much you want to borrow?
5. Or a broker who has that sort of expertise. Although I suspect a magician might be more appropriate.

Self employed, no accounts, looking to borrow 6 or 7 times income, slightly patchy credit history in the middle of a recession caused by the lack of availability of mortgage funds.

I think you're struggling. Sorry.

poppy10_2

Yeah, you've got no chance, sorry.