Mortgage self employed

I am self employed, have been for 12 years. I sold my house and went into rented to get my child into a good school.
Have 30k from equity. Wife has been ill so year end 2018 is 25K but four years before were low, 11K and 15k. Wife gets ESA support group for long term illness and PIP 6420 a year. Also child benefit 1157.
I’m going to ask a broker but any idea if anyone will lend and how much? Really need 100k but very unlikely I know.
If I wait a year and have another at 25k would it be possible then?
Thanks

Comments

  • DonPatch
    DonPatch Posts: 55
    First Anniversary First Post
    Forumite
    My other half is self employed and we have just remortgaged. They took an average of his last two years net profit and then I believe they let us borrow 5 times that amount. We went to Nationwide through a broker.

    So £25k net profit for two years should be able to get you £100k. But you might want to use a broker as I've found they are better at knowing who will lend what multiples and criteria.
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