Self employment and Mortgage!!

bethrachael

So I’m just wondering if anybody can offer any help on my situation.

I went self employed in March and I currently have a mortgage with NatWest, almost coming up to remortgage as I’ve had it the last 2 years and I have not missed one single payment. I bought this property on my own when I was employed but now me and my partner want to buy a new house together. We have found one at £170k and will have a minimum of 10% deposit. It seems that my self employment is going to be a sticking point. With my partner earning £42k a year and me having the proof of mortgage being paid on time every month.

Can anybody help?! Know any mortgage lenders who may consider?

LRmortgage

Potentially possible by just using your partners income. Everything else credit history, affordability, criteria would need to align.

See a broker

emgholdings

Best thing to do is speak with an independent mortgage broker.

ACG

At the moment it will be just using your partners income or waiting until March once you have 1 years accounts - but with one years accounts your options will be limited.

There are slight exceptions to that, but usually it would be if you had been employed and then became a contractor in the same industry for example.But for the average person who has recently gone self employed will struggle without 1 years accounts.