I have recently become self employed and only have 1 full years worth of accounts. Could anyone tell me of any companies that give products to people in my position? My house has 50% equity and i want to release some of it.

Hi There,

I'm an independent mortgage adviser.

The following lenders do not normally have an issue with one year’s accounts:

Kensington Building Society
Alliance and Leicester
Platform

If possible I would try to leave 25% equity in your property, as rates get worse if you have less than this.

Also, surveyors are undervaluing properties at the moment, so make sure you are not over estimating the value of your home.

I'd be happy to advise you on your mortgage needs and do not charge a fee.

Please call me on 07860 316 314 if you would like any more info.

Kind regards

Victoria

Hi Victoria,

Sorry to jump in on this thread...i just have a question about self employed income too.

I'm currently working in two part time jobs but i'm considering some alternative work which unfortunately is on aself employed basis.

My 25 hours a week salaried position pays me 10k a year - with this in mind, would any additional income via self employed work be taken into consideration from lenders, or would i need a minimum of 1 year accounts?

Thanks in advance for any advice.

Currently looking to remortgage - mortgage is 77k, value of flat around 100k, hopefully just over. Have the option of adding my girlfriend to mortgage as she earns 14k. Currently on a standard variable of 4.79 so holding fire for now but any advice again welcomed.

Kind regards

Phil.

You generally would need at least 1 years accounts if you are looking at using that income towards the mortgage. You could just remortgage and add your girlfriends name to it and use her gross income and then you would fit on the lenders affordability calculations.

By all means get in touch if youd like to discuss rates/potential deals etc.

Anthony
http://www.comparethemortgagemarket.com