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Author self-employed
davevans1234
Member

Registered: 3rd May 09
Location: Pontlottyn, Caerphilly
User status: Offline
29th Dec 11 at 10:44   View User's Profile U2U Member Reply With Quote

Been working for about five years with the same company now and saving for a house, got the chance after the new year for a new job but its self-employed me and the mrs looking to get a house next year aswell how would we fair if say in july we go for a mortgage. What are the chances of getting one if i have only been self-employed for seven months my mrs also works for the nhs. any advice cheers
Whittie
Member

Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
User status: Offline
29th Dec 11 at 10:53   View User's Profile U2U Member Reply With Quote

Mrs working for the NHS will help, they'll be funny about been self employed though. Usually 12-24 months, they'd like to see. I know people who've still got a mortgage after 6, but they were doing pretty well.
davevans1234
Member

Registered: 3rd May 09
Location: Pontlottyn, Caerphilly
User status: Offline
29th Dec 11 at 11:06   View User's Profile U2U Member Reply With Quote

cheers mate
mattk
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Registered: 27th Feb 06
Location: St. Helens
User status: Offline
29th Dec 11 at 13:07   View User's Profile U2U Member Reply With Quote

Im self employed and the mrs works as an optician for specsavers

I initialy was going to buy the house myself as I had 15k cash in savings however I got told to go away as I was self employed. after having a re-think and deciding to buy the house with my GF Iwe went back to the banks.

as she earns 30k a year they would give us a joint mortgage on the basis that I dont earn anything. they would give us 120k based only on her wage. if they took my earnings into account then they would have given us 240k

Edd
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Registered: 8th Nov 04
Location: Glasgow
User status: Offline
29th Dec 11 at 20:09   View User's Profile U2U Member Reply With Quote

Most big lenders require a minimum of two years as self employed before they will lend.
M2RTY
Member

Registered: 25th May 01
User status: Offline
2nd Jan 12 at 07:37   View User's Profile U2U Member Reply With Quote

Im buying a 2nd house this year and in same boat. Might not be able to take my earnings into concideration

With 2 years figures the bank might be ok of your accountant can forecast a 3rd year

 
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