markesmith
Registered User
- Messages
- 13
Hi,
I wonder if anyone out there might have some advice for a self employed person (me!), who's trying to get a mortgage with non-extortionate monthly repayment rates...
Here's a little potted history of my predicament.
I bought a house 4 years ago with my brother. It has risen in value, naturally, and now I want to buy him out (which he is amenable to). Problem is, although my business is going well now, I had one bad year accounts-wise, which is messing up my earning rating with potential lenders. GE are willing to give me the money, based on self certification rather than yearly accounts, to buy my sister out and take over the mortgage, but the monthly repayments would be crippling (3K more per month than the current figure).
Is there any other lender out there who will accept self certification, or can anybody suggest any other options I might have. I'm using a broker, but he's telling me that since Bank of Scotland turned me down, GE are my only option!
Yikes.
Help!
I wonder if anyone out there might have some advice for a self employed person (me!), who's trying to get a mortgage with non-extortionate monthly repayment rates...
Here's a little potted history of my predicament.
I bought a house 4 years ago with my brother. It has risen in value, naturally, and now I want to buy him out (which he is amenable to). Problem is, although my business is going well now, I had one bad year accounts-wise, which is messing up my earning rating with potential lenders. GE are willing to give me the money, based on self certification rather than yearly accounts, to buy my sister out and take over the mortgage, but the monthly repayments would be crippling (3K more per month than the current figure).
Is there any other lender out there who will accept self certification, or can anybody suggest any other options I might have. I'm using a broker, but he's telling me that since Bank of Scotland turned me down, GE are my only option!
Yikes.
Help!