We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self employed and need to remortgage
maryjane01
Posts: 456 Forumite
I am trying to plan ahead now for when our mortgage deal ends on 01 September.
Situation:
House value £285 - £300, (I think it should be £300 but allowing for valuations to go down between now and September)
Mortgage required £220,000
My Salary £30,000 plus £4,000 bonus
My partner has just gone self employed and started a limited company with the first company year ending at the end of August so we could rush to get first year accounts done. Basically it is looking like he will have earnt at least £60,000, but paid as a small salary and mostly dividends (some dividends will go to me).
Will normal lenders accept us? If I could get a good rate with a normal lender I would like a 10 year fix . Due to my partner being self employed an offset account such as that with First Direct is really appealing.
What do people think our chances are?
BTW we have a good credit history as far as I am aware.
Situation:
House value £285 - £300, (I think it should be £300 but allowing for valuations to go down between now and September)
Mortgage required £220,000
My Salary £30,000 plus £4,000 bonus
My partner has just gone self employed and started a limited company with the first company year ending at the end of August so we could rush to get first year accounts done. Basically it is looking like he will have earnt at least £60,000, but paid as a small salary and mostly dividends (some dividends will go to me).
Will normal lenders accept us? If I could get a good rate with a normal lender I would like a 10 year fix . Due to my partner being self employed an offset account such as that with First Direct is really appealing.
What do people think our chances are?
BTW we have a good credit history as far as I am aware.
0
Comments
-
not a problem as far as I can see but you will need 1 years accounts.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards