Self employed/ mixed income - Self cert alternative??

martini_singer

Hi,

I need to remortgage following a relationship break up but am self employed and on short term contracts. I have had a mortgage for over 3 years that I have regularly paid, and have no bad credit history or other debts, but am having trouble raising a mortgage because of the ban on self certification. Is there an alternative or is my only option to sell up and move out?

Thanks

herbiesjp

You do not need a self cert mortgage.

As you are self employed you will get a mortgage based on the verifiable income on your accounts or SA302s/tax calculations.

By the sounds of it, you may want to go via a whole of market broker, to see if there is indeed anything available to you.

martini_singer

I've only been self employed for a year, and only as a part of my income - the rest came from a student bursary which has run out and part time employment.

herbiesjp

martini_singer wrote: »

I've only been self employed for a year, and only as a part of my income - the rest came from a student bursary which has run out and part time employment.

OK - so you will need to see if there is a lender that could agree waht you are looking for.

Choices will be very limted based on the income track record - but you may have some options.

You have not posted any figures so difficult to say more than that really.

You had better get in contact with a good whole of market broker, to see if you would have any options available.