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-   -   Mortgages for the Self Employed (https://britishexpats.com/forum/australia-54/mortgages-self-employed-294493/)

jwinch Apr 4th 2005 9:40 pm
Mortgages for the Self Employed
 
Just to let you know the Commonwealth bank have just agreed to give us a $370,000 mortgage. (Got it in writing)

My Husband is self Employed (10 Weeks) all he needed to produce was a letter from the Company that he is subcontracting from confirming his hourly rate and the average number of hours he subcontracts per week.

Did not have to produce any accounts/cash flow forecasts or Accountants letters.

fozzie Apr 5th 2005 9:20 am
Re: Mortgages for the Self Employed
 
Originally Posted by jwinch
Just to let you know the Commonwealth bank have just agreed to give us a $370,000 mortgage. (Got it in writing)

My Husband is self Employed (10 Weeks) all he needed to produce was a letter from the Company that he is subcontracting from confirming his hourly rate and the average number of hours he subcontracts per week.

Did not have to produce any accounts/cash flow forecasts or Accountants letters.
Wow great news! Did you have a large deposit? Only we will be in the same situation when we get there. Just wondered how difficult it would be to get a mortgage being self-employed. What trade is your hubby mines a Bricklayer.

Michelle :)


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