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Help Needed for Self Employed Couple Wanting A Mortgage

PammyD · 2012-06-24 19:38:13

Hi Guys My partner and I are both self employed (he has been self employed for many years but I have less than a year's accounts). I am in rented accommodation and in receipt of some benefits being a single parent of three young children and he lives elsewhere but isnt on the electoral role. We could have a deposit of…

Comments

Wh05apk Posts: 2,938 Forumite

25 June 2012 at 9:20AM

justjohn wrote: »

Being self employed is a pain because they prefer audited accounts.
However they can also do it on affordability.

If accounts are not audited by a professional accountant they are more or less useless.

Some good advice there - just a shame it's completely wrong!

Most lenders now solely use SA302's, very few lenders actually require accounts.

I am a mortgage adviser.

You 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.

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