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Self employed help
Nervous33
Posts: 1 Newbie
Hi,
My husband and I are in the process of applying for a 90% mortgage but my husband is self employed and we're having trouble. His previous years accounts from his partnership haven't yet been finalised ( although his share won't change as his full expenses are in- just waiting on the expenses of the other partners) so we can't submit finalised accounts. We are trying with an accountants reference instead but we are struggling to find mortgage providers who will accept the reference instead of finalised accounts.
Does anyone have advice of mortgage providers or even brokers who are great at issues like this!
Thanks
My husband and I are in the process of applying for a 90% mortgage but my husband is self employed and we're having trouble. His previous years accounts from his partnership haven't yet been finalised ( although his share won't change as his full expenses are in- just waiting on the expenses of the other partners) so we can't submit finalised accounts. We are trying with an accountants reference instead but we are struggling to find mortgage providers who will accept the reference instead of finalised accounts.
Does anyone have advice of mortgage providers or even brokers who are great at issues like this!
Thanks
0
Comments
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Typically lenders ask for 3 years' worth of accounts to qualify for a self-employed mortgage, so without such proof, it will be difficult. It's best to speak to the lender you'd like to get a mortgage with, or speak to a broker. They will be able to offer advice on lenders who can help or give you an idea on what to do next in your situation.
Good luck!
I work for a mortgage adviser
I have amended the standard mortgage adviser signature because, even though I do not provide financial advice directly, I support and follow MSE's Mortgage Adviser Code of Conduct. My posts are for information and discussion purposes only and shouldn't be seen as financial advice.
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Not enough information here to assist you.
Are there figures from previous trading years? When do the latest available figures run up to? Have you got copies of your husbands SA302s?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 -
His previous years accounts from his partnership haven't yet been finalised ( although his share won't change as his full expenses are in- just waiting on the expenses of the other partners) so we can't submit finalised accounts.
How do know what the share is, if finalised accounts haven't been produced?0
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