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Please! Some advice please.
foesflyer
Posts: 3 Newbie
Hi there I was recomended to come here for help through a friend. Heres my query. With the following circumstances can someone offer advice on what my best way to get a mortgage would be, as I'm self employed contractor, whom is not short of work, and wont be for the foreseeable future. (oil and gas).
Currently my wife and I own two flats and have them rented out.
Flat 1. Value £145000 outstanding mortgage £98000 in my name
Flat 2. Value £130000 outstanding mortgage £87000 in her name.
We owned these before we got married. Currently renting a house in Spain as I only work 20 weeks a year so we spend our time out there. We're looking to come back in the summer and want to buy a country house. The one i'm looking at is £255000.
My Earnings are circ £65000
My wife is my company secretary and is paid £7200.
We also make £4200 pa on the flats rent.
We have no debts and no bad credit.
I will have around £15k saved come the summer. But i can't seem to be get any mortgages simply because i'm self employed! My work is regular and I only have 1 year of accounts at the moment, whats the best way to get another mortgage? Can I secure a mortgage on the equity on the other flats without re-mortgaging as we are in a tie in period?
Thank so much if anyone can help.
Currently my wife and I own two flats and have them rented out.
Flat 1. Value £145000 outstanding mortgage £98000 in my name
Flat 2. Value £130000 outstanding mortgage £87000 in her name.
We owned these before we got married. Currently renting a house in Spain as I only work 20 weeks a year so we spend our time out there. We're looking to come back in the summer and want to buy a country house. The one i'm looking at is £255000.
My Earnings are circ £65000
My wife is my company secretary and is paid £7200.
We also make £4200 pa on the flats rent.
We have no debts and no bad credit.
I will have around £15k saved come the summer. But i can't seem to be get any mortgages simply because i'm self employed! My work is regular and I only have 1 year of accounts at the moment, whats the best way to get another mortgage? Can I secure a mortgage on the equity on the other flats without re-mortgaging as we are in a tie in period?
Thank so much if anyone can help.
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