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ChainBreaker
mands
rive_gauche
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.