I am employed and my wife has recently become self employed as of October last year. She is a childminder, previously a manager of a nursey having worked in child care for 13 years.
Our fix term rate is up next month and we went to our current mortgage lender (Halifax) to see if we could remortgage which would include our current £60k mortgage and an additional borrowing of £40k to consolidate debts and home improvement. The house value is £125k meaning we required a 80% mortgage. Even after having a mortgage with no missed payments for nine years both have credit ratings of 950+ they are unable to take my wifes earnings into consideration, only mine, due to her having less than two years of accounts.
We also tried at Barclays who on two occations in branch told my wife that she only needed six months of proof of earnings as she had banked with them for over 30 years. We had a meeting set up with the mortgage advisor but I decided to phone their mortgage advice line and was told this is not the case and she needs two years of accounts.
I feel like were hitting a brick wall everywhere we turn at the minute even tho my wife is now earning more than she ever did working for someone else and infact is having to turn down children as she is full.
I was wondering if anyone has any advice or been in a similar situation or know of any mortgage companies who would look into a situation we find ourselves in.
Many thanks in advance.
Our fix term rate is up next month and we went to our current mortgage lender (Halifax) to see if we could remortgage which would include our current £60k mortgage and an additional borrowing of £40k to consolidate debts and home improvement. The house value is £125k meaning we required a 80% mortgage. Even after having a mortgage with no missed payments for nine years both have credit ratings of 950+ they are unable to take my wifes earnings into consideration, only mine, due to her having less than two years of accounts.
We also tried at Barclays who on two occations in branch told my wife that she only needed six months of proof of earnings as she had banked with them for over 30 years. We had a meeting set up with the mortgage advisor but I decided to phone their mortgage advice line and was told this is not the case and she needs two years of accounts.
I feel like were hitting a brick wall everywhere we turn at the minute even tho my wife is now earning more than she ever did working for someone else and infact is having to turn down children as she is full.
I was wondering if anyone has any advice or been in a similar situation or know of any mortgage companies who would look into a situation we find ourselves in.
Many thanks in advance.