Suzidee50 Â Â 10 #1 Posted May 20, 2014 Trying to obtain a mortgage, husband self employed. We have sold our house. Any good financial mortgage advisors in Sheffield area? Share this post Link to post Share on other sites Share this content via...
dan2802 Â Â 53 #2 Posted May 20, 2014 As long as you have 2 years of audited accounts anyone will consider you for a mortgage. Share this post Link to post Share on other sites Share this content via...
Suzidee50   10 #3 Posted May 20, 2014 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 Share this post Link to post Share on other sites Share this content via...
Love2print   10 #4 Posted May 21, 2014 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. Share this post Link to post Share on other sites Share this content via...
L00b   441 #5 Posted May 21, 2014 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. Share this post Link to post Share on other sites Share this content via...
Suzidee50   10 #6 Posted May 21, 2014 It would be £90/91.000 Share this post Link to post Share on other sites Share this content via...
raemaan   10 #7 Posted May 21, 2014 Hi Suzie, PM me I might be able to help... Share this post Link to post Share on other sites Share this content via...
L00b   441 #8 Posted May 21, 2014 (edited) £90k/£91k deposit? That's well over 50% of new house. Should be plenty Edited May 21, 2014 by L00b Share this post Link to post Share on other sites Share this content via...
Suzidee50 Â Â 10 #9 Posted May 21, 2014 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! Share this post Link to post Share on other sites Share this content via...
poppet2   13 #10 Posted May 21, 2014 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? Share this post Link to post Share on other sites Share this content via...
L00b   441 #11 Posted May 21, 2014 (edited) If you sold for £211,000 why not but the £145,000 for cash? 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 May 22, 2014 by L00b typo in numbers (11k > 211k) Share this post Link to post Share on other sites Share this content via...
Suzidee50   10 #12 Posted May 21, 2014 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. Share this post Link to post Share on other sites Share this content via...