Complicated mortgage scenario

simplysimply

Hi, I'm a long time reader and first time poster! I have already got loads of the great advice on this forum, but I need a bit of help on my personal situation which is proving to be a little complicated!

I am married, aged 26, earn £27,000 and in a permanent job. I have no issues on any of my credit reports, except I have never had much credit before. I now have a Barclaycard initial (since January) which I pay in full each month to help with some history.

My husband is 35, is self-employed/ living in the UK since 1st September 2013, is an EU national and is resident in the UK (NI number, registered with HMRC etc) He is on the electoral role, and has a Barclays personal and business account , which I believe required some sort of credit checking. He has no adverse credit history and would be able to provide his bank account info statements from abroad. He was in the same job for 10 years before this move, and still works in the same field.

We are looking to buy in/ around September 2014 after my husband has been trading for a year. We are now renting in London, and have a flat to sell in France. We hope to have a deposit of £190,000 (from equity and savings)

We have no loans, only the one credit card with a £200 balance, no car payments, no childcare or anything on HP. Obviously a mortgage on the French flat that is covered by the rent plus some profit on this. (But I suppose this is not relevant as we will have sold it by September) Our outgoings are rent, food, utilities and council tax. We don’t actually have any financial association- no joint accounts- would it be wise to get one, or doesn't it matter?

Main question:
Can my husband’s trading year run from September to September? Can we have an accountant do the accounts in September and are there any lenders who will accept this? I realise that the he won’t have an SA302 until he has submitted his tax return, and this will only be for the period 1/9/13- 4/14- so around £17000 profit for this period.

We would borrow on just my salary, but it would need to be 5x £27000 with my husband not included as a dependent. He should have around £40,000 profit in his 1st 12 months, so it would be nice to include him too, so we wouldn't have to move again for a while.

We are looking to spend about £325000, so borrowing £135000 (we will have the stamp duty and fees saved up separately)

Are there any lenders who are likely to lend the full 5x in this situation? or include my husband from September?

Is it better to wait for my husband to be included? Giving the rise in price of London property (we will need to sell the French flat now, due to a tax change after August adversely affecting us, so we will have money lying around anyway)

We also spend £1200 a month on rent atm, whereas a mortgage around £700 (quite an incentive to get a move on!)

We suspect that this case may be for a mortgage broker? We have visited one previously (based on recommendation) but we weren’t impressed with them, so we are looking for a new one. Any recommendations?

Sorry for the essay! Any help/advice would be greatly appreciated