Proof of Income from the Self-Employed

aphek

I'm self-employed and need a £40,000 mortgage for a £75,000 flat. I earn £13,500 pa but have only been earning this much for just over a year. Before that I was earning around £6,500 pa.

Are there any lenders who would lend me the money based on only one year's tax assessment return?

ACG

Principality B/S are the only company i can think of that do mortgages for the self employed with 1 years accounts.
Im not sure whether your income would meet their minimum though, some lenders require £15k + as a minimum wage.

Simon_gloster

aphek wrote: »

I'm self-employed and need a £40,000 mortgage for a £75,000 flat. I earn £13,500 pa but have only been earning this much for just over a year. Before that I was earning around £6,500 pa.

Are there any lenders who would lend me the money based on only one year's tax assessment return?

Is this your net profit or turnover?

Income seems short, howevef its a small mortgage. Maybe carry on until uou have 2 years SA302's then more doors will open.