Declined for mortgage, next step?

Sarahfie

Thrugelmir wrote: »

This will having a material bearing on your mortgage application.

I have provided them with the last 3 years SA302's (latest year is significantly higher than the previous 2. Would the fact I am self employed delay the application being aproved or declined?

Is there any further evidence they could possibly request?

Thrugelmir

Sarahfie wrote: »

I have provided them with the last 3 years SA302's (latest year is significantly higher than the previous 2. Would the fact I am self employed delay the application being aproved or declined?

Is there any further evidence they could possibly request?

Self employed earnings are more often or not averaged out over a period of time. Rather than taking the last year which is normally the best.

Sarahfie

We were told by our broker that both halifax and natwest would take my latest year as the figure for caluclating loan amount, is this not correct?

74hotspur

Are you using a specialist self employed broker, mine was excellent after found me a mortgage after getting declined initially.