Newly self-employed mortgage application - help!

sjapok

Registered User
Messages
21
I'm an actuary with 10 years experience. Most recently I was a self-employed contractor (director of a ltd company) from 2011 to 2015, full time from 2015 to 2017 and limited company again (a different one) from Jan 2018 to present.

I'm highly employable and earn a very nice salary but I've been turned down by the major mortgage lenders as I only have one years accounts with my new limited company. They won't take into account any of my historic roles/salaries. They'll lend on the back of my wife's modest salary but that's it.

What can I do? I only need 2 or 2.5x my income and I have a 20-30 % deposit depending on the house. I'm literally the best risk a mortgage book could possibly acquire.
 

RedOnion

Frequent Poster
Messages
3,132
Are you truly self employed, or are you a day rate contractor with a single client?

Very different treatment.
 

RedOnion

Frequent Poster
Messages
3,132
Sorry daily rate contractor with single client.
I rarely say this, but talk to a broker.
If you have a contract with your client it should be possible.
It'd be a little easier if you were contracting through an umbrella company rather than your own ltd co., but should be possible.
 

sjapok

Registered User
Messages
21
Thanks RedOnion, would anyone know of a specific broker that they have previously used and would recommend? Or is that type of advice against forum rules?
 
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