Self Employed Mortgage

Unclemarvo1

I have been self employed for about 12 years. My total mortgage is about £250K and my house is worth about £750K. One element of my interest only mortgage is due for payment in 4 months. I want to re-mortgage £65K to cover this so that I can invest in the business, do some work on the house and clear some debt that I built up buying the business. As I bought into this business 18 months ago, we don't have a full year of accounts and won't have for at least another 12 months so my existing lender's computer says no, not yet. Is there a sensible lender out there who will look at me as a person, with a significant asset and decide there is limited risk in lending me the money against my property?

kingstreet

You might as well find a decent broker now.

You have both the lack of a trading record and the purpose of the lending against you, so a broker will be able to tell you how long before this is possible and from whom.