How is my Affordability Worked out?
What do I need to Consider?
- Deposit: If you fall out of standard lending criteria, for example if you only have 12 months of accounts history, then your mortgage may require a higher deposit.
- Proof: You’ll usually be required to prove your last three years of trading history, but some lenders will consider two years or even 12 months in some circumstances.
- Adverse credit: If you’ve got adverse credit, whether you are a sole trader or partnership, then you still will have access to mortgages with some specialist lenders who lend to borrowers with poor credit.