Self Employed - Requirements for Mortgage Approval

Hi,

Can anyone let me know what the banks are looking for (how many years audited accounts)?

We will be making a joint application, I have a secure job, my husband has been self employed for 4 years but changed from sole trader to Ltd company on 1st Jan 2007.

We have an apartment and have been paying mortgage to PTSB on it since 2006.

Thanks a mil for your help!

Two years audited accounts will suffice with some lenders; three years would be better. Accounts as a sole trader can be used if the work he's doing is the same.

Remember that his income for mortgage purposes is his salary or his net profit; not his turnover.