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question
6ofus
Posts: 17 Forumite
hello, if I had income from self employment of £2000 per month - how many years worth of accounts do mortgage companies require? thanks.
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Comments
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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.I am a Mortgage AdviserYou 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
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