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First time buyer and sole trader

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  • 05-02-2021 6:16pm
    #1
    Guybrush Threepwood
    Registered Users Posts: 125 ✭✭


    Myself and my husband are first time buyers. I'm in permanent, stable employment, but my husband is a sole trader.

    Does anyone have any advise on getting a mortgage with a sole trader? We've tried reading up online, but are only getting more confused.

    Would anyone have a recommendation for a broker, or a bank, that are open to sole traders? Ideally ones with patience for two mortgage newbies who are finding the process very overwhelming.


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    #2
    [Deleted User]
    Posts: 14,344 ✭✭✭✭ [Deleted User]


    I'm a sole trader. They'll just ask for his wage for the past 3 or so years. He'll need to get it from Revenue, or an accountant can do it for you if you have one.

    Then they average it, and that's considered his annual income.


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