Self Cert Advice - first time buyer

FTB07

Hi,

I'm looking for some advice on obtaining a Self Cert Mortgage. We are both self-employed and first time buyers. We are looking for a self cert mortgage with a minimum proof required (i.e accountants letter would be fine)

We both take in £36k each before tax and NI and have monthly outgoing of £400 (loan) and credit card balance will be around £2-3K at time of applying. We need a large mortgage, around £250k due to the huge house price boom where we are.

Can anyone recommend any mortgage lenders or advisors for us to see?

Thank you for your time and help.

FTB07

Coops10

What sort of a deposit, if any, are you providing?

herbiesjp

How long have you been self employed?

How many years accounts do you have?

FTB07

Thanks for the replies.

We have a 10% deposit, perhaps 15% at most. I have been self-employed for 2 years but net profit has been low compared to forecast this year. My OH has only been self -employed (same business) for a few months.

FTB07

JoeK_3

FTB07 wrote: »

Thanks for the replies.

We have a 10% deposit, perhaps 15% at most. I have been self-employed for 2 years but net profit has been low compared to forecast this year. My OH has only been self -employed (same business) for a few months.

FTB07

On the face of it, this should be possible.

See a whole of market mortgage adviser.

JoeK

FTB07

Thanks. Can anyone recommend a whole of market mortgage broker or is it better to use someone in your local area?

Has anyone had any experience of getting a mortgage with minimum 'proof'?

Thanks

FTB07

toonfish

I always think seeing someone local is better for a less straightforward application. As long as you are truthful you shouldn't have a problem - the whole point of self-cert is that the income need not be provable.

FTB07

Thanks Toonfish...

Looks like getting our first place might just be possible :-) Fingers crossed.

Thanks for all the replies.

FTB07