If you’re self employed and you want a mortgage, the lender would seek proof of your income.
You would need to show three years audited accounts though some lenders will accept only two years.
If you haven’t been in business for long enough the lender should accept a letter of confirmation from an accountant.
But, if you can’t show the three years accounts, you may have to pay a larger deposit.
Read On:
- Self Employed: Where Do You Stand?
- How Much Can The Self Employed Borrow?
- How Do The Self Employed Prove Their Income?
- Tax: Hoist With Your Own Petard?
- Which Type Of Mortgage
- How To Apply