Question for the contractors, self employed, ltd company etc

kingstreet

willgraham wrote: »

i have been limited for 3 years now

but during (year 1) 2015-2016 and (year 2) 2016-2017 i was :
- taking some time off
- looking after parents
-being tax efficient as possible

it was not till this tax period of 2017-2018 that i really thought hard about my future and to get on the property ladder that i am working as much as possible and this time not being tax efficient

which is why i will only have 1 years worth of accounts to work off

You are not a "one year's accounts" case, as that applies to those who have been trading only one year.

You are a "latest year's accounts" case, because you want a lender to work from your latest year's figures and not a two year average.

You will have a small number of lender options and you should expect increased scrutiny - you'll probably be asked for two years accounts and/or an accountant's certificate plus your latest two years' SA302s/Tax Calcs & Tax Year Overviews.

Find a broker who talks about the above and not like those you've selected for contact so far...