Hi I've just been declined a remortgage by Halifax and just wanted to ask on here if its worth bothering with other lenders?
I'm self employed (ltd company)
We only went ltd less than 3 years ago so the Halifax mortgage lady wanted to see every years net profit/loss dating back to 2004 when I started as a sole trader.
She also had a letter from my accountant showing the last 3 years accounts as ltd with the third year being a forecast, it did show a slight increase although not that great so I would just like to get some idea of what sort of figures I need to be at to be in with a chance of remortgaging.
Here are the numbers:
Me
2011 year end £564
2012 year end £3,882
2013 year end £6,500 (forecast)
Credit card debt £17,000
Wife
Salary from permanent job with council £16,000
House value £200,000
Mortgage left to pay £128,000
Mortgage per month £807
The lady in the Halifax said she would try for a 150k remortgage which would enable us to clear the credit cards and still be paying less per month for our mortgage.
Sorry if I've missed out any information!
Any advice appreciated
Thanks
I'm self employed (ltd company)
We only went ltd less than 3 years ago so the Halifax mortgage lady wanted to see every years net profit/loss dating back to 2004 when I started as a sole trader.
She also had a letter from my accountant showing the last 3 years accounts as ltd with the third year being a forecast, it did show a slight increase although not that great so I would just like to get some idea of what sort of figures I need to be at to be in with a chance of remortgaging.
Here are the numbers:
Me
2011 year end £564
2012 year end £3,882
2013 year end £6,500 (forecast)
Credit card debt £17,000
Wife
Salary from permanent job with council £16,000
House value £200,000
Mortgage left to pay £128,000
Mortgage per month £807
The lady in the Halifax said she would try for a 150k remortgage which would enable us to clear the credit cards and still be paying less per month for our mortgage.
Sorry if I've missed out any information!
Any advice appreciated
Thanks