Hi Guys,
Having a bit of a problem with my mortgage application, I am a graphic designer, been trading 4 years but started an events company (partnership) in 2012 which boosts my profits on my SA302, I spoke to NatYes who said No, and asked for 2 years of accounts for the events company... now I have contracts in place etc that will confirm possibly an increase in profits for the following year, I just dont know where to turn as I have a property I want to buy!
Here's a little more info.
Property 120k, 12k deposit.
2011-12 £11,164 NET (Graphic Design ONLY)
2012-13 £40,488 NET (21,429 Events Partnership) (£19,059 Graphic Design)
I had no idea I'd be asked for 2 years of the events partnership, but I have, I understand why but is there anywhere that would look at my situation, maybe take a projection or look at contracts in place etc? I am banging my head against a wall here, saved for a year solid, done nothing but work, and I have the property there ready, no estate agents involved with a happy seller... I am dreading telling him it's been a waste of time!
Hope somebody on here can give me some insight, NatWest were anything but helpful.
Having a bit of a problem with my mortgage application, I am a graphic designer, been trading 4 years but started an events company (partnership) in 2012 which boosts my profits on my SA302, I spoke to NatYes who said No, and asked for 2 years of accounts for the events company... now I have contracts in place etc that will confirm possibly an increase in profits for the following year, I just dont know where to turn as I have a property I want to buy!
Here's a little more info.
Property 120k, 12k deposit.
2011-12 £11,164 NET (Graphic Design ONLY)
2012-13 £40,488 NET (21,429 Events Partnership) (£19,059 Graphic Design)
I had no idea I'd be asked for 2 years of the events partnership, but I have, I understand why but is there anywhere that would look at my situation, maybe take a projection or look at contracts in place etc? I am banging my head against a wall here, saved for a year solid, done nothing but work, and I have the property there ready, no estate agents involved with a happy seller... I am dreading telling him it's been a waste of time!
Hope somebody on here can give me some insight, NatWest were anything but helpful.