Please Advise if you can, My husband (51yrs) who after many many years being an employed skilled tradesman. Started his own successful limited company, And has a very healthy income ..also has an accountant who does all books,wage slips, paying limited wage for him and myself as his secretary....
We foolishly made an offer on a home and have been accepted, But although not too worried about our home selling in todays market, we still need to sell it.. for the deposit as mortgage free we also have another that has a small buy to let mortgage still oweing..we will continue to rent out.
My question is, will we get a 15 year mortgage (given his age) from highstreet lenders with a 40% deposit and just one years Accounts?
Would lenders not also look at the excellent credit history we both have and the health accounts for this huge jump he has made becoming a limited company, getting regular contract work....but it is on a job to job basis...We thought this wouldn't be a problem as have the deposit once this house sells, but our financial advisor, (who we have used for years) said it may prove a little difficult I Believe him But what are our options....is there any highstreet lenders you could recommend that do look at individual cases.? ? Thank you in advance for your imput :T
We foolishly made an offer on a home and have been accepted, But although not too worried about our home selling in todays market, we still need to sell it.. for the deposit as mortgage free we also have another that has a small buy to let mortgage still oweing..we will continue to rent out.
My question is, will we get a 15 year mortgage (given his age) from highstreet lenders with a 40% deposit and just one years Accounts?
Would lenders not also look at the excellent credit history we both have and the health accounts for this huge jump he has made becoming a limited company, getting regular contract work....but it is on a job to job basis...We thought this wouldn't be a problem as have the deposit once this house sells, but our financial advisor, (who we have used for years) said it may prove a little difficult I Believe him But what are our options....is there any highstreet lenders you could recommend that do look at individual cases.? ? Thank you in advance for your imput :T