Self employed with 1 years of accounts and 3 year contract + 2 years option ... is not enough to change the lender or get a favourable deal ...
Severely stuck over a barrel here the wife was also made redundant a month after me and set her own business up, we both increased our wages by 30% but it apparently amounts to nothing. Life is good but I don't care to give money away to people who have enough, that kind of generosity is not in me.
We have spoken to an FA and he said he would check around to see who would lend to us, that was 2 weeks ago .. surprisingly quiet !
We also need to upsize our house but that can wait until we get an increase in mortgage size, I am tempted to write this mortgage off and live mortgage free but I will lose my credit rating/ existence. We have very little outstanding on this house because my philosphy was get it paid off because the rates can only go up... but in return I was hoping that the BoE rates would increase as well, hence not being very happy ...!
I have only just got the wife to accept that she would have to move from this area to get the amount of rooms and size of house she wants .. I have indicated to her certain nice areas further from London and we seem to be getting somewhere, our budget is good but where we are it won't see you in a 4 bed house! I require access to heathrow airport but 45 minutes down a motorway is fine... we are still working on it.