I earn £1400 a month gross self employed...
I have just started out being self employed. Before this I was a student and paid a scholarship which was tax free and reflected a salary...it was around £25K but was intended as a student bursary and therfore the inland revenue said I would not be taxed. Before that I did not work but lived off savings and stayed rent free at parents (in the past I had given my whole salary to them..so they were ok...with me living rent free). Before that I worked as a self employed person for a few months before deciding to go into full time studies (which my parents helped me...as NOT working). Before that I worked on PAYE for 3 yrs.
I am a bit scared as although I want to get a mortagage I have no proper pay history and now do not have sufficient accounts as I am re-starting as a self employed person. I have no accounts as I have just re-started...so can I get a mortagage and if so whixh one?I My mate suggested avoiding a conventional mortagage a
2006-10-16 06:01:26 · 5 answers · asked by sam 1 in Society & Culture ➔ Other - Society & Culture
GET A BUY to let mortagage instead....as this will not involve showing accounts...but then will I lose out on the perks of being a first time buyer like...getting 5% deposit paid?
2006-10-16 06:02:59 · update #1
I have just got a mortgage with Abbey, and I have to say they were extremely helpful, it was a lot easier than I thought and they were prepared to try and overcome any problems. Good luck with whatever you decide.
2006-10-16 06:10:29 · answer #1 · answered by jonquilblack 4 · 0⤊ 0⤋
I would try either the Abbey, the Yorkshire building society or the Chelsea building society, they have all sorts of mortgages on offer for people in your position and are bound to be able to help, good luck.
2006-10-16 12:17:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think you have to be self-employed for a year and have adequate records to prove it before you can apply for a mortgage. Your best bet is to go and see an independent mortgage adviser.
2006-10-16 06:13:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you would be waiting to get a private loan yet in all probability no longer from a severe highway lender. you will in all probability could wade by using between the agencies that fee an superior interest fee. that's nevertheless worth happening your financial corporation or construction society earlier attempting someplace else.
2016-12-26 20:38:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
He get more information if you list this under..Bussiness..money
2006-10-16 06:04:05 · answer #5 · answered by babo1dm 6 · 0⤊ 0⤋