Remortgaging with only one year as a limited company

Taniwha

Hi MSE'ers.

Hoping your experience or knowledge may be able to help me. My husband and I have separated and I'm doing a bit of a fact find as to my position should that separation become permanent. He has moved into a rental flat.

We currently have a flat with a shared mortgage. Ideally I'd like the option to keep the flat as I feel it was a good investment. Unfortunately my first meeting with a mortgage adviser resulted in him telling me I need 2-3 years accounts. I'm slightly under 1 year, as, being a contractor, I had to become a limited company to accept the contract I'm currently on.

Do any of you know (1) if/when he's able to force me to a decision about the future of the flat, (2) are any providers offering with no year or 1 year of accounts required, or (3) is seeking a perm role the only way around this if a decision needs to be taken in the next 3-6 months? Assuming he doesn't wish to take 50% of my deposit (I don't think he would, the court fees just wouldn't make it worth it) I could put down a 30-40% deposit.

Thank you all.

Thrugelmir

Your husband could force the sale of the property through the courts if matters got this far. An expensive business that solicitors try and get their clients to avoid. As the costs of the case come out of the equity in the property so benefit no one. Judges will side with the claimant if there's no justification for the other parties actions other than being obstructive.

So personally I would say focus on getting on with your life and not worry about the flat being an investment at this time. Concern yourself with finding an affordable home.