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self employed mortgages
aaddaammsskkii
Posts: 2 Newbie
Hi
I have a little problem , went self employed last September and got my ltd company up and running in November. my job has not changed I still work in the same construction job and also contract to the same company. I have 250k and want to borrow 50k
but seem to be coming up against brick walls , Any help would be appreciated
TIA
I have a little problem , went self employed last September and got my ltd company up and running in November. my job has not changed I still work in the same construction job and also contract to the same company. I have 250k and want to borrow 50k
but seem to be coming up against brick walls , Any help would be appreciated
TIA
0
Comments
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Depending on the exact detail, I would fancy a solution here.
The deposit is likely to come under some scrutiny, so long as it can be verified suggest you hunt down a recommended broker...
All the bestI 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 -
Wait until you have been trading a year then see a specialist broker who handles self employed applications regularly.
Can see why you want to tie up 250k when you have just started a business.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 -
cant wait a year have a mother who broke a hip at xmas at 83 !
if i had a crystal ball would not have gone self employed
deposit is from the sale of my mums property and my rent is considerably more than the repayments on 50k over 17 years
any ideas who to aproach ?0 -
We could help you will a years trading - not with lessI 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 -
I disagree, you will not get market leading rates but there will be a solution.
You additionally will face issues around your deposit source, assuming you are not co-owner of Mums current property.
You need a resourceful broker
Best of luckI 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
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