question

6ofus

hello, if I had income from self employment of £2000 per month - how many years worth of accounts do mortgage companies require? thanks.

ACG

1 years and a couple of lenders can look at it - but you would need a broker. Rates would be higher than normal and you would need a 15% deposit.
2 years and you have many many more options - but lenders average the figures in the main.
3 years and you have the same choice as an employed person but again lenders average usually.

Averaging is not a problem if your on £2k a month every month.

If your a sub contractor then you may not need 1 years accounts just a copy of the contract.