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.
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.