Hi all,
I have a query (well two) about mortgage approval as second time buyer.
I'm hoping to box clever to obtain the largest mortgage affordable. My background: work as a medical doctor, with predominantly paye income but also some pself-employed income also for past 6 months.
I know that for self-employed income, banks typically look for 2 years audited accounts before considering it for mortgage purposes- I'm wondering would a mixed income application, where the lions share is PAYE, would be treated in the same way? Or, fingers crossed, would they be willing to consider my self employed income after 6 months?
My other strategy is to consider taking on a second job to demonstrate more PAYE income- my question would be, do banks accept three months of payslips for second jobs, or, as I have read elsewhere, do they bump the requirement up to 6 months payslips?
Thanks for reading, any insights much appreciated!
I have a query (well two) about mortgage approval as second time buyer.
I'm hoping to box clever to obtain the largest mortgage affordable. My background: work as a medical doctor, with predominantly paye income but also some pself-employed income also for past 6 months.
I know that for self-employed income, banks typically look for 2 years audited accounts before considering it for mortgage purposes- I'm wondering would a mixed income application, where the lions share is PAYE, would be treated in the same way? Or, fingers crossed, would they be willing to consider my self employed income after 6 months?
My other strategy is to consider taking on a second job to demonstrate more PAYE income- my question would be, do banks accept three months of payslips for second jobs, or, as I have read elsewhere, do they bump the requirement up to 6 months payslips?
Thanks for reading, any insights much appreciated!
