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Self employed mortgage help

Hi ive been self employed for 3 years as a sole trader, last august i started another small business alongside my existing one. I’m hoping to buy a house soon but need to know whether i can count the income from my new business for my total income on the mortgage application or if it wont count as it only started in August even though its part of my 20-21 tax return. Thanks

Comments

  • K_S
    K_S Posts: 6,874 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    @tinkerbell0902 Unlikely with most lenders but potentially may be considered with lenders who will accept just the first year accounts.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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