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Remortgage

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Sue67_2
Sue67_2 Posts: 5 Forumite
in Mortgages & endowments
Can you get a remortgage if you're self employed but currently have no proof of earnings. The only thing in your favour is that you have £150,000 equity in your property and the mortgage with Nram shows your regular monthly payments. Nram wont remortgage as there is some debt still being payed off as well as the monthly mortgage payments being made. However the monthly payment of over £1900 pounds is crucifying - need to find a better deal quickly.

Comments

  • kingstreet
    kingstreet Posts: 39,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Nope.

    No self-cert mortgages these days.
    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.
  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No proof of earnings - as in not declaring earnings?

    Or do you mean not making any money?
    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.
  • Sue67_2
    Sue67_2 Posts: 5 Forumite
    No accounts to show.
  • amnblog
    amnblog Posts: 12,728 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Because you've only just started trading?
    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.
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    150k equity plays no part in seeing affordability and your supposed to keep monthly payments with the lender. The reward for that is no repo.


    How much debt do you have?
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
This discussion has been closed.
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