Mortgage after moving from self employed to permanent
Mortgage after moving from self employed to permanent
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Discussion

Bluedot

Original Poster:

4,084 posts

136 months

Thursday 18th March 2021
quotequote all
After 20+ years of self employed (PSC Ltd company) I'll be moving to a permanent role in mid-April.
My current fixed term mortgage finishes end of June.
Is being a perm employee for just a few months going to restrict the offers available to me ? My work record as self employed is all good and I have a good financial record etc.
I suppose applying now as self employed is a big no no ?

Sarnie

8,368 posts

238 months

Thursday 18th March 2021
quotequote all
Bluedot said:
After 20+ years of self employed (PSC Ltd company) I'll be moving to a permanent role in mid-April.
My current fixed term mortgage finishes end of June.
Is being a perm employee for just a few months going to restrict the offers available to me ? My work record as self employed is all good and I have a good financial record etc.
I suppose applying now as self employed is a big no no ?
Wait till you are PAYE, you'll have no issues smile

Killer2005

20,592 posts

257 months

Thursday 18th March 2021
quotequote all
If you know that your self employment is finishing then the lender couldn't use the self employed income.

Depending on the lender there should be no issues using your employed income. Some may need 3 months in employment, some may have no minimum time in employment.

Your best bet would be a decent broker and therefore Sarnie is your man.

Bluedot

Original Poster:

4,084 posts

136 months

Thursday 18th March 2021
quotequote all
Killer2005 said:
If you know that your self employment is finishing then the lender couldn't use the self employed income.

Depending on the lender there should be no issues using your employed income. Some may need 3 months in employment, some may have no minimum time in employment.

Your best bet would be a decent broker and therefore Sarnie is your man.
Thanks, have seen Sarnie's name crop up on here a lot with glowing recommendations so will do that thumbup

Sarnie said:
Wait till you are PAYE, you'll have no issues smile
Thanks, will give you a shout in a couple of months thumbup

Sarnie

8,368 posts

238 months

Thursday 18th March 2021
quotequote all
Bluedot said:
Thanks, will give you a shout in a couple of months thumbup
No problem at all! thumbup