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Shouldn't be a prob. I used a good mortgage broker who talked me through this as I was in the same situ. PM me for his deets.
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Try contractor Mortgages. They could help as it's their field.
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My wife and I got a mortgage in 2012 while both being contractors without 3 years of accounts using these guys:
ContractorFinancials
The Grange, Blackmoor
Liss, Hampshire, GU33 6BP
Tel: 0845 062 8888
Fax: 0845 060 8888You don't get a lot of choice on mortgage providers but our rate was OK (0.5%-1ish more than market best) and the process is longer/harder. The process seemed to be that they pile them with every single bit of financial information we had (sometimes going back years) until they relented. We had to pay the mortgage broker but there was no way we could have proceeded without them. It was not only there knowledge of the process but there contacts at the bank (Clydesdale). We provided 100s of docs.
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sacredhart
ChainBreaker
dst2
@CYOA
Anyone have any experience getting a mortgage when self-employed?
My girlfriend and I have a deposit of around 40k and want to buy a 2-bed in Brighton between 200-300k.
I'm self-employed. My girlfriend isn't registered as such (despite having worked that way for a couple of years so could be facing a fine/tax bill). I had a shit year-ending April 2014 because I overdosed on buying camera equipment in 2013 and didn't think to play the 'few expenses looks better to lenders' card. This year looks like it will have paid off though:
2012 - good, 2013 - good, 2014 - shit, 2015 - excellent.
Yet I spoke to a mortgage broker who basically said I didn't have a chance in hell which wasn't the answer I was looking for.
I won't apply in any formal sense until after my tax return next month just so I have that to back me up.
We currently pay 2.5k a month rent and do so pretty comfortably.
Any tips welcome.