We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage - self employed
Fozz01
Posts: 2 Newbie
Hi All,
Me and the family have recently moved back to the UK after being overseas in Australia for the past 5 years.
We have maintained our home in the UK and have an existing mortgage on it. However, since being away our family has grown and we have out grown our UK house and must move to a bigger home sooner, rather than later.
The thing is on my return I have started my own consultancy business. The business is doing well but is only 3 months old so trading history is limited.
We have equity on our current house and some savings that would mean if we put all this into a new property we should have approximately 70%-75% deposit.
Does anyone know if there are any lenders out there that would lend on the basis of the above (i.e. with such short trading history).
Me and the family have recently moved back to the UK after being overseas in Australia for the past 5 years.
We have maintained our home in the UK and have an existing mortgage on it. However, since being away our family has grown and we have out grown our UK house and must move to a bigger home sooner, rather than later.
The thing is on my return I have started my own consultancy business. The business is doing well but is only 3 months old so trading history is limited.
We have equity on our current house and some savings that would mean if we put all this into a new property we should have approximately 70%-75% deposit.
Does anyone know if there are any lenders out there that would lend on the basis of the above (i.e. with such short trading history).
0
Comments
-
You made the same thread yesterday - https://forums.moneysavingexpert.com/discussion/5556642I 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards