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nik

 posted on 25th Sep 05 at 16:50

I got a mortgage with nationwide no problem, self employed didn't need any guarentee or even to show books but I did put a large deposit down. Will vary from lender to lender but if you have a nice deposit I don't see any problems


nickyboy01

 posted on 25th Sep 05 at 12:32

I tried for a mortgagd with my brother who is self employed, i wasnt a problem but every lender wanted a minimum of 2 years accounts. Each case will be different tho


J da Silva

 posted on 25th Sep 05 at 12:21

Just pay cash in full, it's less fooking about :lol:


Kerry

 posted on 25th Sep 05 at 12:15

yes they will want last 2 years finalised accounts and usually business bank statements too. if you have only owned the company 3 months they will look to see its the same line of work you did when you was employed previously

another tip is underwriters absolutely love electricians for some reason and will practically lend them anything. also they like young professionals e.g solicitors, accountants, vets, doctors, dentists


Gripe

 posted on 25th Sep 05 at 12:12

quote:
Originally posted by corsa808
most lenders will want a lagre deposit as well (15-25%) 2 years of good accounts is usually a must.


Will they want 2 years accounts even if its an established business? What I mean is I`ve just bought a business and want to move, but I have only been in for 3 months, but the business has been trading for over 20 years. I`ve got the last 3 years accounts from previous owner. :boggle:


corsa5dr

 posted on 25th Sep 05 at 12:05

I have a mortgage and I dont even have a job, got it when I was still a student. Even though it was only for a a £120k flat. Mum and Dad are gurantors:)


1_Litre_Porsche_Beater

 posted on 25th Sep 05 at 11:40

deposit isn't a problem, just the lending although my dad has agreed to be guarantor.


Dave A

 posted on 25th Sep 05 at 09:07

most lenders will want a lagre deposit as well (15-25%) 2 years of good accounts is usually a must.


1_Litre_Porsche_Beater

 posted on 24th Sep 05 at 23:34

i guess i'll just have to see what they say. Hope it doesn't delay my plans though.

Cheers ppl


PainZ

 posted on 24th Sep 05 at 17:59

Guarantor mortgages aint all high,

My rate is at 4.39 fixed for the first period of my mortgage..

As kerry said most lenders would need at least 2-3 yrs statements in their hand etc etc too see your accounts..


Andrew

 posted on 24th Sep 05 at 17:33

I've got my Dad as a guarantor on mine :look:


1_Litre_Porsche_Beater

 posted on 24th Sep 05 at 17:22

Speaking to a mortgage advisor next week as im buying my first property after new year. Ive only been self employed for around 2 months and although my business is going well i have been told most lenders won't touch me within my first year possibly two.

Has any one else been in the same position as me??

Is there ways around this such as guarantor's??

Not extremly clued up on mortgages so any help appreciated :thumbs: