Self employed mortgauge???

HappyMJ

Andysstuff wrote: »

I earn between £500 & £600 a week but its the way that they they now look at lending that is the problem for me, i can easily afford the this mortgage i have no oher debt at all and my LTV would be 64% and i would have put down a deposit of £66000 oh and a perfect credit rating! Would you borrow me the money???

The mortgage would be £600 a month, so all i can do is not claim for anything on my tax return in April to show max net profit but this will affect my girlfriend as she gets nursary fees paid for !! oh and i will have to pay a chunk of tax to lol

Sound Fair?

Yes. It isn't enough income to be able to borrow £115,000. It's more than 4 times your income. There are brokers out there who can put notes with your accounts when applying to prove that you do earn a higher amount but you probably still wouldn't get that much money in any case.