We knew for sure we were going to move out around Christmas time 2015. We did our research and realised that with me only being self employed for 1 year we were going to struggle, (banks like to see 3 years). So we waited until April (the new tax year) as that would have been my 2nd year, which of course looks better for banks to see.
Long story short we decided to go with Nationwide and they offered a good rate and would accept me being only 2 years self employed. I’d like to point out this will be a joint buy with my partner, however he is not self employed.
So Nationwide’s Mortgage adviser sent us over a list of items we needed to get together to send over to the underwriters such as: 3 months bank statements from any bank account we have, my SA302’s, how much we forecast to spend in each year in expenses such as phone bill, petrol costs, etc.
We sent everything back, but we didn’t have a bank logo on the bank statements so I had to do those again, then I got told to ring up HMRC to request some Tax overviews. After that, Karl (my partner) got told he needed bank logos on statements too. It just seems never ending! Every time we think we have sent everything off they ask for more!
This is only to get the mortgage in principle to enable us to actually go and look at houses. So fingers crossed the next step will be a lot simpler.
I will keep you posted. 🙂
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