[PureClean Window Cleaning Ltd]

we are thinking of upsizing from a £40k mortgage to a £100k one and we are worried about getting the needed dough. as we are ltd, our earnings dont look that good on paper, has anyone else been in this situation and is there any advice you could give? thanks. i know (hope) we will get about £35k profit from the sale of our house, so it will be about a £65k mortgage

[Lee GLS]

The banks will ask fir an sa302 from the inland revenue, which basically shows your earnings before tax, they will take an average of the last 3 years.

[George P]

i know an independant mortgage advisor who will be able to help, even if its just advise, i dont know any details myself as its been a long time since we went for a mortgage, if you want his details let me know and i will pass them on to you,
george

[northstar161]

I'm in the market for a mortgage broker. If you have a moment could you please send their details across:

emptyhero1 (at) hotmail.co.uk

Thanks.

[bad trippy]

The banks will ask fir an sa302 from the inland revenue, which basically shows your earnings before tax, they will take an average of the last 3 years.

Lee is that because its a LTD company?
Or is this the same for sole traders?

[Lee GLS]

The banks will ask fir an sa302 from the inland revenue, which basically shows your earnings before tax, they will take an average of the last 3 years.

Lee is that because its a LTD company?
Or is this the same for sole traders?

Im not sure about LTD companys, but im a sole trader and that is what i had to do, so i would imagine it would be the same for a LTD company.

[bad trippy]

they will only lend on the basis of 3 years accounts?

[George P]

I'm in the market for a mortgage broker. If you have a moment could you please send their details across:

emptyhero1 (at) hotmail.co.uk

Thanks.

email sent, hope it helps,
cheers george

[Lee GLS]

they will only lend on the basis of 3 years accounts?

The mortgage companies are so fussy now, im sure that if you didnt have 3 years accounts then you would get a mortgage, they want to see that its making money and the income doesnt decrease, when i was applying for a mortgage they got funny because my income dropped for a year then when back up the next, it was because we had a baby and my wife had a cesarean so i had to have  a lot  of time off to help her. But they really are fussy.

[PureClean Window Cleaning Ltd]

The banks will ask fir an sa302 from the inland revenue, which basically shows your earnings before tax, they will take an average of the last 3 years.

thanks lee

[♠Winp®oClean♠]

If you do get the price you want for your house then having that 35% deposit (65% LTV) will be a big plus in your favour.

[mark dew]

we are thinking of upsizing from a £40k mortgage to a £100k one and we are worried about getting the needed dough. as we are ltd, our earnings dont look that good on paper, has anyone else been in this situation and is there any advice you could give? thanks. i know (hope) we will get about £35k profit from the sale of our house, so it will be about a £65k mortgage

you would be so much better off calling an independant financial advisor and explaining your situation.
I got a self cert 4 years ago for £67k. And i had to declare an income of £18k to get this. This was all done through an independant bloke and it cost me £150 paid after i got the keys for the house. Like an accountant, an independant mortgage advisor will be the best money you will spend.
There is no cost for a chat either. They get paid for getting you a mortgage and until you got it - no charge.

[PureClean Window Cleaning Ltd]

Thanks everyone for their advice, will keep you all posted as to how i get on,