Mortgage prospects when self employed

TBagpuss

sheff6107 wrote: »

Just a heads up that Nationwide state this, and then when you apply they mess you around and want certified accounts. Not to mention they're complete pains in the backside to deal with ("we won't accept this piece of paper because it says 'flat 68' and the other piece of paper says 'apartment 68'")

STAY CLEAR OF NATIONWIDE IF YOU ARE SELF EMPLOYED.

Sorry to hear you had a bad experience with Nationwide. I'm self employed and have a mortgage with them - I only had to provide an accountant's certificate and didn't have any issues.

I think most lenders want to see at least 2 years worth of accounts or certification, but as with any other mortgage it will also depend on how much you are looking to borrow in comparison with your income and with the value of the property

sheff6107

TBagpuss wrote: »

Sorry to hear you had a bad experience with Nationwide. I'm self employed and have a mortgage with them - I only had to provide an accountant's certificate and didn't have any issues.

I think most lenders want to see at least 2 years worth of accounts or certification, but as with any other mortgage it will also depend on how much you are looking to borrow in comparison with your income and with the value of the property

I was with them for 6 years, originally applying when I was employed. It counted for nothing.

After asking for SA302s they then wanted fully certified accounts - my broker was beyond exasperated, booming "Do you not understand the words 'self assessment'?!" down the phone to them.

We were only applying through them to try and avoid the £2k exit fee and certified accounts for two people would have been another £2k. After 6 weeks of dealing with the imbeciles, the prospect of flushing £4k down the drain meant me and the broker had had enough.

He said he'd remove them from his broker panel as it was the last straw. A few years ago they were reasonable, but they seem to be run by a bunch of idiots in 2015.