davevans1234
Member
Registered: 3rd May 09
Location: Pontlottyn, Caerphilly
User status: Offline
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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
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Whittie
Member
Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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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.
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davevans1234
Member
Registered: 3rd May 09
Location: Pontlottyn, Caerphilly
User status: Offline
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cheers mate
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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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
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Edd
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Registered: 8th Nov 04
Location: Glasgow
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Most big lenders require a minimum of two years as self employed before they will lend.
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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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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