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Looking for a mortgage with only 20% deposit for self-employed with 2 years of certified account in the UK - but 12 years in France. Any ideas?

Marmotte
by Marmotte 31 May 2010  |  Comments 2 comments  |  Love Love  0 loves

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Comments (2)

  • frenchcoastbunny
    Love rating 5
    frenchcoastbunny posted

    Your question is rather vague.

    Mortgagees take a lot of factors into account such as:

    a) the value of the loan - 20% of 150,000 and 20% of 1,000,000 are very diffreent amounts

    b) your occupation, and its probable stability in the economy.

    c) the term of the proposed loan

    d) the security and any additional security.

    Your track record counts too in particular as to what the certified accounts show - but the fact that they are from France should not make any difference at all.

    Its only on the basis of all the elements that you have a real chance of being given meaningful advice, even from specialists such as mortgage brokers.

    Posted on 31 May 2010 | Love Love  0 loves Report
  • MikeGG1
    Love rating 824
    MikeGG1 posted

    Check with a Mortgage Broker. Self-employed mortgages have got much tighter since the crash.

    Mike

    Posted on 31 May 2010 | Love Love  0 loves Report

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