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Help to Buy and Self Employment
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Tangel
Posts: 45 Forumite
Hi I am enquiring for a family member. She
wishes to buy using the Help to Buy Scheme. Does anyone know how that works for self employment? I know that you need to have at least 2 years of accounts but how do they work out multiples with regards to borrowing? Any advice would assist as I know she only draws a small amount from the business.
Thanks
wishes to buy using the Help to Buy Scheme. Does anyone know how that works for self employment? I know that you need to have at least 2 years of accounts but how do they work out multiples with regards to borrowing? Any advice would assist as I know she only draws a small amount from the business.
Thanks
0
Comments
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An average of the latest two years' net profit, or the latest year's if it is lower than the year before.
This is the income used in affordability calculations.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
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