Are we difficult to place?

woofdonkey

Deleted... thanks for your help.

middleclassbutpoor

Lenders will want to see 2 years worth of accounts or tax returns.

If you are stating you earned £60k joint then last year, then £200k borrowing should be achievable on those figures alone. It is income that is important rather than turnover for the purpose of borrowing - albeit the general state of accounts will give a good feel for the performance of the business and may prompt further questions or affect their view on the earnings - i.e. can see increase/decrease in income year on year etc.

You have only 1 years certified account but have 8/9 years of trading, what did you do for previous years. Normally figures supplied to HMRC should be acceptable?


Just for clarity - are you a limited company/partnership?

woofdonkey

Deleted message, thanks for the advice

middleclassbutpoor

What do your last 3 years (including this years look like)

This should give a broker a better idea of any specialist lenders that may look more favourably.

woofdonkey

Thanks for your advice. Like you, I assumed there would be a niche lender for us if nothing else, I just don't know enough about the criteria. If this appeal doesn't work out I just can't believe that would be the end of the road (or close to it), it seems very strange to me.