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Self Employed for 18 months

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cyclechamp

3 Posts

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06/01/2021 - 3:12 pm

Good morning... Can anyone help me?

My bank have declined my mortgage because I have only been self employed for 18 months and only have 1 years SA302/Tax returns. I have been with that bank for years, I find it ridiculous that they wont help me.

I've sold my house and I feel stuck at the moment.

David@SimplyAdverse

111 Posts

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06/01/2021 - 3:13 pm

Hi, thanks for getting in contact.

Try not to be too disheartened as the bank turning you down does not necessarily mean others will.

We are whole of market brokers and have access to lenders that will be comfortable with just 1 years accounts.

cyclechamp

3 Posts

(Offline)

06/01/2021 - 3:13 pm

Thanks for this. I thought being Self Employed and getting a mortgage would be the same process as being employed, in fact I am earning more now and seem to have less options which is very frustrating. Based on what you have said I am feeling a bit better about my next steps. I will speak to my partner and get in touch, thanks again! Shall I call the 01245330163 number above so we can chat in more detail?

David@SimplyAdverse

111 Posts

(Offline)

06/01/2021 - 3:13 pm

It can be daunting being Self Employed as it's easy to think that all mortgage lenders will unduly scrutinise you however rest assured this is not the case!

My colleagues and I would be more than happy to discuss the matter in more detail with you over the phone.

Our office hours are as follows:

Monday - Friday - 09:00 - 21:00
Saturday/Sunday - 09:00 - 17:00

cyclechamp

3 Posts

(Offline)

06/01/2021 - 3:14 pm

This is great and very reassuring. I will be in touch once I am home and have had a chance to chat to my partner.

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