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First-Time Buyers, one person self-employed, help!
ds1234_2
Posts: 3 Newbie
Hi,
My partner and myself are looking to take out our first mortgage. She earns a fairly good wage, however i am self-employed. I have only been registered since January this year. Previously I have been working various full-time and part-time jobs around my freelance work for the past 3-4 years. I am a little concerned as to how this will affect our ability to get a mortgage and importantly, our ability to get a good rate. We have a 40% deposit between us (house value approx 200k), but if my income cannot be added to hers i don't think we will be able to borrow the remaining 60% (this is what i understand from using mortgage calculators online). As a side note, I would rather go direct through a bank as opposed to using a broker for the mortgage.
I would be really grateful for any insight or helpful advice.
Many thanks, David
My partner and myself are looking to take out our first mortgage. She earns a fairly good wage, however i am self-employed. I have only been registered since January this year. Previously I have been working various full-time and part-time jobs around my freelance work for the past 3-4 years. I am a little concerned as to how this will affect our ability to get a mortgage and importantly, our ability to get a good rate. We have a 40% deposit between us (house value approx 200k), but if my income cannot be added to hers i don't think we will be able to borrow the remaining 60% (this is what i understand from using mortgage calculators online). As a side note, I would rather go direct through a bank as opposed to using a broker for the mortgage.
I would be really grateful for any insight or helpful advice.
Many thanks, David
0
Comments
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You need 2 or 3 years of accounts as far as I know.
I think you need the advice of a broker in this case.0
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