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Trying to obtain a mortgage, husband self employed. We have sold our house. Any good financial mortgage advisors in Sheffield area?:)

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As long as you have 2 years of audited accounts anyone will consider you for a mortgage.

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Yes got 3 years books, it's affordability, even though we are downsizing, and paying off part of the mortgage!

 

---------- Post added 21-05-2014 at 10:00 ----------

 

Any ideas? our property sold for £211,000, buyin at £145,000, yet stil very very difficult to get a mortgage

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We have used http://www.mckenziefinance.co.uk/. I will PM you the details of the advisor we use specifically, he has worked for a couple of different companies over the years but we have always gone back to him.

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Yes got 3 years books, it's affordability, even though we are downsizing, and paying off part of the mortgage!

 

Any ideas? our property sold for £211,000, buyin at £145,000, yet stil very very difficult to get a mortgage

Not wanting to be nosey, just trying to understand/comment about the issue here :)

 

How much of a deposit for the £145k comes from that £211k?

 

If you have less than £66k equity in the £211k, you'd still owe more than the £145k house is worth, so not a credible mortgage risk.

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Hi Suzie,

PM me I might be able to help...

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£90k/£91k deposit? That's well over 50% of new house. Should be plenty :huh:

Edited by L00b

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Just spoken to a local financial advisor and he is not hopeful at all for us, so we may have to pull out of selling, and buying the property we were after!

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Yes got 3 years books, it's affordability, even though we are downsizing, and paying off part of the mortgage!

 

---------- Post added 21-05-2014 at 10:00 ----------

 

Any ideas? our property sold for £211,000, buyin at £145,000, yet stil very very difficult to get a mortgage

 

If you sold for £211,000 why not but the £145,000 for cash? :confused:

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If you sold for £211,000 why not but the £145,000 for cash? :confused:
It's not because you sell a home for £211k that you pocket £211k.

 

There is the small matter of any mortgage amount(s) you may still owe on that £211k.

Edited by L00b
typo in numbers (11k > 211k)

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Yes, we are wanting a new mortgage of £55/56.000, but it's the affordability that is the stumbling block for lenders with my husband being self employed.

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