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Mortgage for self employed
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unschooler
Posts: 41 Forumite
Need to borrow £30,000 on a £190,000 house. Finding cheaper property in the area is unlikely.
Current mortgage almost paid off. Is it better to clear that debt or try to increase it with another lender? Current lender said no either way.
Any lenders recommended for self employed with only 2 years of accounts but showing steady growth?
Thank you for reading.
Current mortgage almost paid off. Is it better to clear that debt or try to increase it with another lender? Current lender said no either way.
Any lenders recommended for self employed with only 2 years of accounts but showing steady growth?
Thank you for reading.
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Comments
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Nationwide were only interested in two years of accounts for me, but I am a FTB. No idea about the rest of your questions, sorry.unschooler wrote: »Any lenders recommended for self employed with only 2 years of accounts but showing steady growth?0 -
Two years accounts or SA302s acceptable to many lenders. Is the average net profit over the two years enough for the amount you want to borrow?
Use lenders' affordability calculators to check.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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