new mortgage help!!!

janelynch86

Hi everyone,

Me and my partner are looking into getting a mortgage. Who is the best to go to?
We also have a business and we think that it may help towards how much we get. Has anyone done this before as i don't know how to go about it. Should my partner pay himself more to get a higher loan?

please help

thanks

Jane

Thrugelmir

Suggest you speak to a local mortgage broker. Who can look at your circumstances in detail and advise you accordingly.

kingstreet

Lenders typically ask for evidence of the last three years' net profit for the self-employed or accounts for a limited company.

You can't pay yourself more for a few weeks to get a bigger mortgage.

As my Mum used to say, "I didn't come down the Ship Canal* yesterday" and neither did mortgage lenders.

*Manc - lived about a stones throw from the banks of the Manchester Ship Canal in Eccles.

ACG

My mum used to just say do i look stupid.... i was always too scared to answer the question honestly hahaha

Speak to a broker, this might be possible but you will need evidence of how the business has done usually for a minimum of 18 months but maybe 2-3 years and you would also need to be declaring any income.