After a couple of years career break, can we get a 50% mortgage?

Posted on 23 March 2013 by Dave

My partner and I have had a couple of years off work for one reason or another and in the next couple of weeks are starting back again. She will be full time P.A.Y.E and i will be self employed. Our credit rating is perfect and we have had mortgages before. Would there be any problem getting a 50% mortgage?


Even at 50%, most lenders will want a 3 year employment history, and therefore your career break  may be an issue, also for borrowers who are self employed, lenders tend to look for a 2 - 3 year track record of positive figures. These areas are likely to be more problematical with those lenders who credit score and I think it is more likley that we would need to speak to lenders who manually underwrite, and can therefore judge a case on its individual merits, rather than following the "computor says no" mantra.

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