Comments on: Mortgage question - proof of earnings for the self employed?

By: leambi

leambi — Sun, 02 Aug 2009 23:16:37 +0000

Do you use an accountant as some mortgage lenders will just ask for an accountants reference, other than that they may ask for copies of your business accounts, they usually want 2 years accounts or if you have been in continuous employment before being self employed that will help. Speak to an independent mortgage broker for advice (this should be free).

By: M H

M H — Thu, 30 Jul 2009 13:55:26 +0000

Why don’t you try a self-certified mortgage? Other than that I would ask the bank what acceptable proof could be presented in your circumstances. I’m sure you wont be the first self-employed person who has asked them for a mortgage.

By: sally xxx

sally xxx — Mon, 27 Jul 2009 21:52:39 +0000

use your tax return for your gross profit, if not acceptable show all your bank details ins and outs with all expenditure/ spread sheets.
show the lender that you have good cash flow as well as a good profit within the buisness show the lender that you are not a risk to them give them all the info they ask for,all else fails get a morgage with you buisness bank as you allready have dealings with them.

By: M v

M v — Sun, 26 Jul 2009 22:07:40 +0000

You would have almost a full years tax return if you started your business in Feb. You might have a hard time finding a lender to give you a Mortgage since you don’t have much income history. Call a Mortgage broker, he/she would be your best bet in finding a lender.

By: TheMom

TheMom — Fri, 24 Jul 2009 12:02:31 +0000

They accept your tax return.

By: Stacia Z

Stacia Z — Tue, 21 Jul 2009 03:52:55 +0000

How about your tax return?