Hi,
I'm a first time buyer looking to get a mortgage. It looks like there's a strong chance I may get made redundant soon.
I will be able to get work after this job but it's mostly likely to be freelance.
When working on paye I understand it's much easier to get a mortgage then being self employed. Do you think it's worth me getting a mortgage promise while I still have a job?
If I was to later get made redundant but still had the promise could the mortgage still go through or would they re-check with my employer that I am still on paye?
Also when being self employed I think you need to show 2 years of books, earning the correct amount of money and a year's fore cast going forwards? Can the previous 2 years be a mixture of self employment and paye? or does it have to be pure Self employment?
many thanks,
Matt
I'm a first time buyer looking to get a mortgage. It looks like there's a strong chance I may get made redundant soon.
I will be able to get work after this job but it's mostly likely to be freelance.
When working on paye I understand it's much easier to get a mortgage then being self employed. Do you think it's worth me getting a mortgage promise while I still have a job?
If I was to later get made redundant but still had the promise could the mortgage still go through or would they re-check with my employer that I am still on paye?
Also when being self employed I think you need to show 2 years of books, earning the correct amount of money and a year's fore cast going forwards? Can the previous 2 years be a mixture of self employment and paye? or does it have to be pure Self employment?
many thanks,
Matt