Self-Employed Mortgage

sleepyholland

I know that most of the banks state that they require 3 years of self-employed history and accounts to consider a mortgage application, but I was wondering if anyone has experience of this being in any way flexible i.e 2/2.5 years being accepted.

It will be a joint application with my wife who is in full-time permanent employment, however I think we need my salary accepted as it is the larger one. We have 4+ years of consistent savings history and since leaving my permanent job my salary has increased by 50%. Any point applying before I have 3 years completed?

Oral Surgeon

sleepyholland wrote: »

I know that most of the banks state that they require 3 years of self-employed history and accounts to consider a mortgage application, but I was wondering if anyone has experience of this being in any way flexible i.e 2/2.5 years being accepted.

It will be a joint application with my wife who is in full-time permanent employment, however I think we need my salary accepted as it is the larger one. We have 4+ years of consistent savings history and since leaving my permanent job my salary has increased by 50%. Any point applying before I have 3 years completed?

In my experience, 3 years is not the only factor...
2/2.5 year history of good income is better than 5 years history of average income.... so long as you are in a stable profession and not a fad short term position...