Hi,
My girlfriend and I are having some difficulty in getting for a mortgage. We are looking for a loan in the region of €300k. I already have a house and mortgage with First Active for the last two years, which I'd be happy (if needed) to sell to help finance the new purchase. As well as the €100k profit from this sale, we'd have another €110k in cash that we could put towards a deposit.
The problem is that we are both self-employed without a long enough track record to satisfy FA (just over a year). I work on six month contracts while my girlfriend is more freelance. We're pretty well paid ( I would have thought) totalling €130k per annum, but that seems to count for little. We both left permanent jobs to go contracting as the wages couldn't compare.
When I went to First Active, assuming my mortgage history would have carried some weight, their answer seemed to be a polite "go away". Should I go back to them and start begging, or is there any other lender that might look on our situation in a more favorable light?
Any help is greatfully appreciated!
My girlfriend and I are having some difficulty in getting for a mortgage. We are looking for a loan in the region of €300k. I already have a house and mortgage with First Active for the last two years, which I'd be happy (if needed) to sell to help finance the new purchase. As well as the €100k profit from this sale, we'd have another €110k in cash that we could put towards a deposit.
The problem is that we are both self-employed without a long enough track record to satisfy FA (just over a year). I work on six month contracts while my girlfriend is more freelance. We're pretty well paid ( I would have thought) totalling €130k per annum, but that seems to count for little. We both left permanent jobs to go contracting as the wages couldn't compare.
When I went to First Active, assuming my mortgage history would have carried some weight, their answer seemed to be a polite "go away". Should I go back to them and start begging, or is there any other lender that might look on our situation in a more favorable light?
Any help is greatfully appreciated!