We're about to apply for a new mortgage as we've sold our house STC and had our offer accepted on another property. The mortgage application will be a joint one and my husband's salary is more than enough for the amount we need to borrow (he's an employee). So here's the question: I'm about to start my own business as an event organiser. I'll be self employed (sole trader). The outlay is only £1,000 but I'm worried that the mere fact that I'll be self employed might hinder my joint application for a mortgage in case lenders consider it a risk factor. Will lenders require proof of public liability insurance and would I be better off waiting for the mortgage to go through before registering as self employed? I've started doing a minimal amount of work already but have not paid or made any money yet. Shall I hold off?
I'm very worried :-(
I'm very worried :-(
