We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Best morgage companies for self employed people
Options
alexistwigg
Posts: 2 Newbie
I'm currently self employed. Own a VAT registered company and pay myself from this company - only set up at the beginning of the year.
Are there any mortgage companies out there that offer good rates that could help me? - my business earns a decent amount and I'm the sole beneficiary.
Thanks
A
Are there any mortgage companies out there that offer good rates that could help me? - my business earns a decent amount and I'm the sole beneficiary.
Thanks
A
0
Comments
-
If you are a contractor, you may have the option of lenders who will take your daily contract rate.
If you are a bog-standard self-employed individual or director of own limited company, you will normally need two years' accounts or two years' HMRC SA302s and the lender will average your earnings over that period.
If you have less than twelve months' I don't see you getting a mortgage until you have at least one year's trading record, possibly two.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Agree with Kingstreet - it's one for a broker either way as even with one year of accounts, you may well need a broker to access a lender who can help. One that I can think of off the top of my head will happily look at 1yr trading history but is an intermediary-only lender...I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, 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
-
Many thanks..will give it more thought0
-
You have not even been trading a year yet Alex.
You are too early, but if you want to be prepared contact a broker now and have them guide you on when it may be practical for you to apply.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards