Mortgage Question

[bathingape]

Hi there - I've had a search about but can't really find anything conclusive to answer my query. I'm currently in the process of making an offer for a property, and need to get things in place to prove my income so I can apply for a mortgage.

So in the past 3 years my situation has been:

05/2012 - 03/2013: Contracting through my Ltd Co
03/2013 - 11/2014: Staff job
11/2014 - present: Contracting through my Ltd Co

Now my accountant advises that I won't need, or be able to obtain an SA302 as I've not done a tax return (Not everyone does them). He advised that P60's should be sufficient to prove my income - and that bank statements showing dividends deposit/credits should be sufficient too. I took this to my mortgage advisor and he said that's a load of bo**cks. He advised me to wait on my P60's arriving from HMRC and then we'll see what's what.

Can anyone who's been in a similar situation shed some light on this as I wait for the P60's to arrive?

[northernladuk]

Are you going through a broker that specialises in contractors or just a normal one?

[bathingape]

Are you going through a broker that specialises in contractors or just a normal one?

Just a normal one that I was put on to by a friend.

[northernladuk]

Give Freelancer Financials a call. They are very good at giving advice without obligation but I do think with such a complicated history you would be better going through a specialist. I would be surprised if most high street lenders would offer you anything based on that history.

[northernladuk]

http://www.freelancerfinancials.uk.com/

[bathingape]

http://www.freelancerfinancials.uk.com/

Excellent mate I'll give them a go. Thank you.

[bathingape]

Cheers to @northernladuk - gave that company a call and they gave some decent advice.

[northernladuk]

Cheers to @northernladuk - gave that company a call and they gave some decent advice.

Good stuff. Glad it helped.

[bathingape]

Just incase anyone is searching the forum, the information I was given was that Halifax would be able to give me a mortgage, however it wouldn't be a BTL (which is what I wanted). They would be able to provide a mortgage providing I was moving in to the property. They would send out their own surveyor and decide whether the property met their criteria.

What they would want from me is a quick look at my CV to see that I have had 1-2 years of continuous employment within the same industry, and a signed contract from my latest agency showing days/hours per week, daily rate etc. Not a mention of an SA302 or P60's anywhere.

[northernladuk]

You wanted a BTL mortgage on your own house? That wasn't going to work was it?