Self employed- getting a mortgage?

[T & C Tree Services]

Seems your going to need it

 

I vote you buy an acre of land and build a wood house

 

If only it were that easy!

[Jesse]

Just wondering how people got on with getting a mortgage as a a self employed arb? Me and the Missus are going to start looking into it and thought I might start a thread for people in a similar situation or people who have succeeded in getting a mortgage to give some tips on best lenders etc etc?

 

Hi TC, I got my house at auction , its got barns and 10 acres of flat land and i use it in conjunction with my company's , its taken about 10 years to do up but i funded it on an interest only loan through the nation wide, i pay off lump sums as i can and i only owe a small amount now, i did 3 years ago pay it off all but for a £1 kept it going as the deal was within the term if i over paid i could draw on the over payments at any time, and i have during this recession to buy big kit , you know what they say, speculate to accumulate, and when times are hard i think there is no better time to be brave , and " fortune fevers the brave " plus you get the very best deals on new kit:lol: Also in the time i have had, it even in this recession, its now worth twice as much.

[T & C Tree Services]

Hi TC, I got my house at auction , its got barns and 10 acres of flat land and i use it in conjunction with my company's , its taken about 10 years to do up but i funded it on an interest only loan through the nation wide, i pay off lump sums as i can and i only owe a small amount now, i did 3 years ago pay it off all but for a £1 kept it going as the deal was within the term if i over paid i could draw on the over payments at any time, and i have during this recession to buy big kit , you know what they say, speculate to accumulate, and when times are hard i think there is no better time to be brave , and " fortune fevers the brave " plus you get the very best deals on new kit:lol: Also in the time i have had, it even in this recession, its now worth twice as much.

 

Cheers Jesse. It's good to hear a positive outcome! I think if you're determined enough with anything, you will get there in the end!! I will keep you all posted with how I get on:001_smile:

[T & C Tree Services]

GOT A MORTGAGE!!! With a 15% deposit over 30yrs to start with worked out at just over £600 a month repayments! Thats based on a £150k home! WELL HAPPY!!

 

SEE IT CAN BE DONE!

[Le Sanglier]

GOT A MORTGAGE!!! With a 15% deposit over 30yrs to start with worked out at just over £600 a month repayments! Thats based on a £150k home! WELL HAPPY!!

 

SEE IT CAN BE DONE!

 

Well done, despite what some others may say owning your own house is briiliant.

[stokesley]

GOT A MORTGAGE!!! With a 15% deposit over 30yrs to start with worked out at just over £600 a month repayments! Thats based on a £150k home! WELL HAPPY!!

 

SEE IT CAN BE DONE!

 

thats excellent i had to get a job for 6 months then go back self employed i think its the deposit what hits people the most

[mendiplogs]

GOT A MORTGAGE!!! With a 15% deposit over 30yrs to start with worked out at just over £600 a month repayments! Thats based on a £150k home! WELL HAPPY!!

 

SEE IT CAN BE DONE!

 

HI T/C well done on getting your mortgage mate :thumbup1:jon

[T & C Tree Services]

Cheers fellas. Big weight off my shoulders!

[Mark Bolam]

Nice one mate, good testament to your own skill and graft.

 

[T & C Tree Services]

To finish my update to this thread. . . . . WE PICK THE KEYS UP FOR THE HOUSE THIS FRIDAY!!!!

 

IT CAN BE DONE!!! :thumbup: