My partner and I are looking to buy a house as soon as possible (i.e., the second we have the deposit in the next 3-4 months). My partner is currently in full time work but we want to focus on our own business so he's ready to quit, but with that we thought that we'd lose any chance of getting a mortgage.
However, our business is a Private Limited Company which we're both employees of (it is just us at the moment) so we're no longer just self employed. Before when we were looking into mortgages (if my partner were to quit his 9-5) we were told we'd need 3 years of accounts, but now that we'd be employed by our business, would we just need to prove we'd 'worked' there for 3 months and show proof of our income? (We don't have 3 years of accounts, the business was made a Private Limited Company this year, but we will have a stable income of around £8000 per year each (ie the lower earnings limit) and will have been working there more than 3 months.)
We're only looking to spend £40,000 on a house, with a deposit of 10% - not sure if that's important or not, so just thought I'd include it anyway.
Thanks in advance!