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Remorgage and self employed...
sparkybaz
Posts: 1 Newbie
Hello all,
We are just about to remorgage after our fixed rate deal coming to an end on July the 1st. We took the deal out 3 years ago as a self cert morgage with Platform as i had only been trading as selfemployed for a year and only all other banks were asking for 3 years books.
We have paid the morgage with no problems for the last 3 years but my accounts show that i havent made a profit for 3 years as well. I actually havent had to pay tax for that time. This is due to set up costs etc.
Im a bit worried that we will not be able to get another deal because of this, my partner earns a good wage as a teacher but not enough to account for all the morgage.
Can anyone help?
We are just about to remorgage after our fixed rate deal coming to an end on July the 1st. We took the deal out 3 years ago as a self cert morgage with Platform as i had only been trading as selfemployed for a year and only all other banks were asking for 3 years books.
We have paid the morgage with no problems for the last 3 years but my accounts show that i havent made a profit for 3 years as well. I actually havent had to pay tax for that time. This is due to set up costs etc.
Im a bit worried that we will not be able to get another deal because of this, my partner earns a good wage as a teacher but not enough to account for all the morgage.
Can anyone help?
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