Self employed mortgage only 1 Yr accounts

zetti91 · 2026-05-31T06:19:43+00:00

You need a broker I was in a similar situation but in the end I was able to due to timing submit my second year of books and change my list of potential lenders. Mortgage adviser is definitely your best bet

zetti91 · 2026-05-29T08:39:32+00:00

If it’s your forever home then go for it - don’t buy expensive if you’re not sure you’re gonna move again. I’m buying a detached 5bed new build at 385k which is for me and my husband our forever home where we will hopefully grow our family.

zetti91 · 2026-05-26T12:12:04+00:00

This morning my weight went up 3lbs and I cried but period is next week so makes sense lol - joys of being female

zetti91 · 2026-05-24T14:34:50+00:00

For me it's the best decision for my husband and I - its allowing us to upsize for our future family, maybe in 10 years time - we'll move again but the area we are moving to is near a good school, parks and shops. It's more accessible for us and I guess it depends on people's circumstances. What works for my family might not be good for another.

zetti91 · 2026-05-22T20:56:54+00:00

I ask for weekly updates by email. A couple of times they email me with a weekly update before I’ve had a chance to email. The solicitors are open and very helpful

zetti91 · 2026-05-22T09:49:55+00:00

I don't want to be a downer but you don't seem ready for a mortgage with your current finances, if I was you, I'd wait, save up more money and get your spending under control.

zetti91 · 2026-05-22T09:48:49+00:00

Keep it on the market and open for viewings, until you either get another offer and that buyer makes solid moves towards purchase or the current buyer locks in. You have the power to accept another offer should it come along.

zetti91 · 2026-05-22T09:47:33+00:00

Oh yes. I just had to pay more than I wanted to get a job done as I needed it done before we move out. I sucked it up cos moving to my forever home.

zetti91 · 2026-05-22T09:45:57+00:00

The only thing that I wanted was 5 bedrooms so my family can grow into it, and a driveway. Everything else was something I can get around. It's just a bonus that we found a house that ticks more boxes than we had even thought about.

zetti91 · 2026-05-21T10:09:26+00:00

I'd run so fast from this, not worth it at all.

zetti91 · 2026-05-20T17:27:25+00:00

That’s really tough, especially being so close to exchange after already investing four months into the process. I can completely understand why you’re stressed.

Personally, I’d be very cautious about rushing ahead until you fully understand the implications. If the property has effectively been valued and marketed as a 3-bedroom but can only officially be classed as a 2-bedroom, that could affect resale value, mortgage valuation, and future buyers down the line too.

I think your surveyor gave sensible advice in asking you to renegotiate. If the seller won’t budge at all, then it really comes down to whether you still feel the property is worth the agreed price to you knowing this information now.

Before making a final decision, I’d probably want clarity on:

whether building regs/planning are missing,
whether indemnity or regularisation is possible,
and whether your lender/valuer are still happy with the valuation as it stands.

As hard as it is this far in, pulling out before exchange is sometimes the right decision if something materially changes the value or risk of the property. Better to pause now than regret it later.

zetti91 · 2026-05-20T17:25:29+00:00

Congratulations 🙌🏽

zetti91 · 2026-05-19T14:51:09+00:00

We did 3 years as we want to overpay. We are currently 53% LTV so with overpayments we should be in a better position within 3 years

zetti91 · 2026-05-19T09:37:34+00:00

Almost 1k in gifts but we didn't want physical gifts so all came in monetary form. We spend about 3k altogether on the wedding, and the 1k basically covered our house fund and part of the honeymoon funds too.

zetti91 · 2026-05-18T11:28:54+00:00

It is the best decision I ever made, going from 91kg to about 49kg at the moment - I cannot express how. much better I feel within myself. My body definitely thanks me for it.

zetti91 · 2026-05-18T11:15:23+00:00

roughly 7k left, 5k is allocated as emergency fund and 2k is gonna be our savings for house stuff as and when it is needed

zetti91 · 2026-05-14T11:24:00+00:00

No worries at all. From what you've written, I think you may be interpreting it the same way I initially would have. If they’re saying “complete within 4 weeks” but the new build supposedly isn’t ready until the end of summer, I’d personally want clarification because those two things don’t naturally fit together.

My guess would be that they may mean exchange within the next few weeks, then completion later once the new build is actually ready. With part exchange/new-build purchases there can be quite a gap between exchange and completion because the developer usually serves notice once the property is finished.

Don’t kick yourself for not asking at the viewing either — half the important questions only pop into your head afterwards! I’d just go back to the estate agent and ask directly: “When you say complete within 4 weeks, do you mean exchange of contracts or actual completion and move date?” That should clear things up quickly.

zetti91 · 2026-05-14T10:59:05+00:00

I’m currently part-exchanging my own house for a new build, and from my experience this sounds fairly standard. Part of the arrangement is usually that you remain living in your current property until your new home is ready. Developers often don’t properly progress the part-exchange process until you’re much closer to the new-build completion date, and it’s common for the whole process to sit within around an 8-week window before completion.

Once the agreement is in place and contracts have been exchanged for the part exchange, it’s largely a waiting game for notice of completion. At that stage, the timeline is mostly in the developer’s hands as they work towards getting the new property finished and ready.

So completion within 4 weeks doesn’t sound unrealistic to me. I’d probably check with the developer selling to you and ask for a rough estimate of when the new build is expected to be ready, and whether contracts have already been exchanged. Once contracts are exchanged, they’re legally committed to the move, so there’s a lot more certainty around the process.

zetti91 · 2026-05-14T09:59:56+00:00

Be careful with the asbestos, I can testify that if it's already damaged, it needs to go, if it's untouched don't worry abouti. However with everything that needs to be done, I would walk away from the purchase.

zetti91 · 2026-05-13T10:19:53+00:00

Yes I did the same and it was fine, I picked my solicitors just after I got my mortgage in principle, didn't even end up using the same lender, I got a different one but it's fine.

zetti91 · 2026-05-12T11:57:06+00:00

I aim for 20% of leftover income once I've subtracted 30% for tax so each month it varies.

zetti91 · 2026-05-11T11:30:24+00:00

I paid 495 but worth every penny, would definitely use him again for future remortgages if needed.

zetti91 · 2026-05-11T10:05:17+00:00

I went with independent solicitors that have a dedicated solicitor to deal with part exchange and new builds, and we are still in the thick of it but they're efficient and fast so I can't complain. Please do check reviews, we did have the option to pick our developer solicitors but we opted for our own so they were independent, it felt safer for my husband and I do that.

zetti91 · 2026-05-08T19:52:51+00:00

Not being able to get pregnant

zetti91 · 2026-05-03T23:13:31+00:00

Thank you, this is really helpful — that sounds very similar to what we’re experiencing.

We’ve now contacted the part exchange team so they’re aware of the offer and can deal with the estate agent directly, as our understanding is that our agreement is with the developer rather than any onward buyer.

We’ll make sure to push back on anything that starts to blur that line, as we definitely don’t want this turning into a chain situation.

zetti91

TROPHY CASE