We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self employed mortgage
Options
itsgottogetbetter
Posts: 158 Forumite
Who does the best one for self employed? We have been quoted abbey by one ifa as they seem to do the best lending ratio? Could anyone recommend any other? Thank you!
0
Comments
-
There is no "best" it depends entirely on what you want and your circumstances.
If you have less than 3 years worth of accounts then that will reduce the number of lenders available to you.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
First off you need to clarify your objectives; Best Rate or borrow the most amount possible on your salary/salaries
Some lenders use net profit, some salary + dividends and all manner of other weird and wonderful systems. Some want 6 months business statements and 6 months personal to verify this all balances and some dont.
Some like Abbey, now want very clean credit ratings and some lenders are more comfortable with a bit of adverse.
Select the right broker and they will select the most appropriate mortgage...
If you want to give a little more information, will rationalise on the selection of lender although not sure Abbey really top the rate or overall mortgage income multiples scales...?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
itsgottogetbetter wrote: »Who does the best one for self employed? We have been quoted abbey by one ifa as they seem to do the best lending ratio? Could anyone recommend any other? Thank you!
How much are you actually wanting to borrow and what is your actual income?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards