Cheltenham and Gloucster mortgage problem

Firsttimebuyeremma

Please could anyone help me. I am currently applying for a mortgage with C&G , it's a guarantor mortgage which my father is helping me with.
They initially offered me a 100% mortgage, but due to the fact my father is self employed and only had proof of his current earnings for the last 7 months they revoked their offer.
I was then advised that they would give me a mortgage for 83% of the house value. I arranged a means of getting the deposit and accepted. NOW 2 months down the line, I have just been advised that c&G cannot procede until they have projected earnings for my father.
This would be fine, but the accountants say they can not give a projected earnings figure as my dad is self employed!
I'm at a stalemate! Again!!
My father earns more than enough to apply for the mortgage and he also recieves a healthy pension from his previous employers.
Please could anyone help??? I feel so useless! There are definately enough funds, but how can I get the offer to proceed.

Please help me as this has been going on for ages now

toonfish

an accountant that can't project earnings, based on 7 months trading needs to be replaced with one that can.

If they can't divide by 7 then multiply by 12 he shouldn't really be trusting them with his tax affairs.

MarkyMarkD

I agree with toonfish. I'm an accountant and it is not rocket science to forecast income for a self-employed person. Indeed, they wouldn't be asked to do it for someone who was employed because then it's just a case of asking the employer what the salary is.

dunstonh

I wonder if it's how it's been worded to the accountant. How many times have we seen people use the word "predict" instead of "project" and that has a totally different meaning. If the accountant has been asked to give a statement of likely earnings over the coming years then they cannot do that. If they have been asked for a projection for this tax year based on current earnings, they can do that once your father has supplied them with the documentation to support that.