Hi and TIA for reading...
I want to purchase a house with my hubby for £440,000
We have just over £100,000 equity in our current home.
The government will loan us 20% on our purchase as it is a new build.
We need a mortgage for £250,000
My husband earns 30,000 per year.
I have been a sahm until this month when I was started a self employed job earning £20,000 a year.
We understand no one will take my wages into account.
Is there anyone who will lend us the money? We don't mind an interest only mortgage as we will over pay.
I am really confused as to why no one will lend the money the house is worth almost double their loan :(
Any help gratefully received,
Donna
I want to purchase a house with my hubby for £440,000
We have just over £100,000 equity in our current home.
The government will loan us 20% on our purchase as it is a new build.
We need a mortgage for £250,000
My husband earns 30,000 per year.
I have been a sahm until this month when I was started a self employed job earning £20,000 a year.
We understand no one will take my wages into account.
Is there anyone who will lend us the money? We don't mind an interest only mortgage as we will over pay.
I am really confused as to why no one will lend the money the house is worth almost double their loan :(
Any help gratefully received,
Donna