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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
First time mortgage and i've got a 20% deposit but self-employed
haedir
Posts: 7 Forumite
Hi
Since selling my last property (am now renting) i've got £50k to put down as a deposit on a £250k property - when i find the perfect one! Trouble is, my own Limited Company business has only been trading for a month, so i've no proven track record for an lender to see. I was employed full time for 12 years before now. Any tips on mortgage lenders who might still be interested, given the current 'nervousness' in the market?
Thanks
Since selling my last property (am now renting) i've got £50k to put down as a deposit on a £250k property - when i find the perfect one! Trouble is, my own Limited Company business has only been trading for a month, so i've no proven track record for an lender to see. I was employed full time for 12 years before now. Any tips on mortgage lenders who might still be interested, given the current 'nervousness' in the market?
Thanks
0
Comments
-
Well if you cant prove your income you will need to have been trading for 1-2 years, although some lenders will take 6 months but your will pay for it.
what is it you do? Do you sub-contract or do you have any long term contracts?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards