Mortgages for the self employed

BoBoDobie

Sorry sorry it wasn't Natwest it was Nationwide. I'm not sure how you mean I'm over complicating - In what way? I'm just trying to give you all the facts so I can get an accurate response from here. For the first time in a long time I breathed a sigh of relief that they would lend me enough to buy a house and then the cat is amongst the pigeons now that that's in question.

I don't feel I have much of choice to be honest I'm desperate to raise the borrowing potential to get a small house.

Yes Simon that's about the gist of it. So if I tell them I've been se since 2006 but this business has only existed for a year, will they take into account the last 3 years of trading accounts and lend me the money? That's my question in a nutshell I guess.

The_J

The bigger issue is using both s/e and emp income at the same time. In reality, you have been selfemployed for a number of years and tax returns from HMRC will show this.

BoBoDobie

The_J wrote: »

The bigger issue is using both s/e and emp income at the same time. In reality, you have been selfemployed for a number of years and tax returns from HMRC will show this.

Yes the broker said they wouldn't use the full se as well as my employed income but that's fine, what he came back with would be enough.

Thanks all, I guess the next step is to get an agreement in principle thing from them so I know for sure its not going to be a problem.

The_J

Indeed, best of luck.