Mortgages and self employed

DP and I are looking to buy our first home. I currently work 3 days a week and he is self employed, working in excess of 50 hours a week.

We approached a bank who took one look at his financials and said they would base our lending on my income. He earns decent money but as a self employed person his equity is low due to business related expenses.

We have worked out how much we can afford to borrow but I get the feeling a lot of banks don't take self employed people seriously.


Has anyone had any luck with a bank/mortgage broker in this type of situation. the amount of money they would lend us based on my income wasn't enought o buy a shed in Auckland. We have a good deposit but I don't think we are being taken seriously

Thanks we haven't tried them but I know someone who works there so will ask around.

have you tried ASB - we found they were much better than National Bank with self employed / home businesses.

Also a broker is free, as they get paid by the company you end up taking out a mortgage with.

Thanks for all the info- good to know which banks are more open to people that don't work for others. I have contacted a mortgage broker and am waiting to hear what they say.