Hi all,
I'm currently in the process of trying to get a new mortgage (I have been with HSBC for the last 5 years).
The problem I am having is that as I am a company director (treated as self-employed by the banks) they are asking for 3 years accounts. This usually wouldn't be a problem as I was a 50% holder in a profitable Ltd business for the last 4 years. However, in January 2012 I broke away from my business partner to start my own business (in the same field) for which the first set of accounts (covering a 15 month period - again profitable) are being drawn up in the next couple of weeks.
Does anyone know if there are banks that would accept accounts from two separate businesses to make up the 3 year history. I have filed self assessments on all of these years and I have requested SA302s from HMRC to back this up.
I'd appreciate any advice.
Many thanks
Darren
I'm currently in the process of trying to get a new mortgage (I have been with HSBC for the last 5 years).
The problem I am having is that as I am a company director (treated as self-employed by the banks) they are asking for 3 years accounts. This usually wouldn't be a problem as I was a 50% holder in a profitable Ltd business for the last 4 years. However, in January 2012 I broke away from my business partner to start my own business (in the same field) for which the first set of accounts (covering a 15 month period - again profitable) are being drawn up in the next couple of weeks.
Does anyone know if there are banks that would accept accounts from two separate businesses to make up the 3 year history. I have filed self assessments on all of these years and I have requested SA302s from HMRC to back this up.
I'd appreciate any advice.
Many thanks
Darren