Self Employed Mortgage 1 yr of accounts- when to start looking?

evie1100

Hi,
I've had a look on the forum and can't seem to see any answers so hoping someone can help me.
Myself and my partner are looking to buy a house ASAP. We have deposit etc saved, I have good employment and credit history so I am ready to go essentially.
My partner started his own business in January this year and I understand that some lenders will lend on 1 years worth of accounts. I understand he needs to get relevant documents verified by a qualified accountant etc.
My question is how soon can we start the process, is there any way of getting a mortgage in principle/agreement in principle (based on projected profits) sooner (maybe a couple of months before the 1 year date) so we can start looking at properties? Or will a broker only entertain us after the we have 1 years of signed accounts (and other relevant docs)?
The reason we are looking to get this info ASAP is that we have our eye on a new build property ( I know they aren't everyone's cup of tea) and the developers are being quite strict about even engaging with us until we have this info. The properties aren't even released yet but we want to make sure we have everything ready to go so that when Jan 2021 comes around we have everything in place.

Thanks

[Deleted User]

Is it a Ltd company or is he a sole trader? 

evie1100

Deleted_User said:

Is it a Ltd company or is he a sole trader? 

Thanks for your reply, its a Ltd company. 
Thanks

[Deleted User]

January will be the earliest you can apply then, wont be able to use projected figures for a business with no history to show the projection is realistic.  
As far as seeing a mortgage broker,  you can speak to one but to be honest it will be a waste of time before January. If end of year is January and it takes a few weeks to do accounts then you wont know earnings until February. 

Im assuming by this that the Ltd companies reporting year is Jan-Jan? 

evie1100

Deleted_User said:

January will be the earliest you can apply then, wont be able to use projected figures for a business with no history to show the projection is realistic.  
As far as seeing a mortgage broker,  you can speak to one but to be honest it will be a waste of time before January. If end of year is January and it takes a few weeks to do accounts then you wont know earnings until February. 

Im assuming by this that the Ltd companies reporting year is Jan-Jan? 

Thank you, I thought so. But thought it might be worth seeing if we could possibly get an AIP before hand to support us with the developer.
The Ltd company was Incorporated in Jan.