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Q: Hi, my name is Roger Francis and I am currently a self employed Handy man with a good income per week of around $2400 including being maintenance person for many organisations and with regular employment.
I ran a cafe which went bust and still hold the lease which is amassing rent at $7000 per month for which I am 3 months in arrears.
I need advice on how to go about applying for a home loan to cover this and future rent and to buy a house at the same time?
A: Thanks so much for your quick response and advice Craig. Together my partner and I have a deposit of $300,000.. I have only been self employed in my handyman business since August..approximately 6 months. I have kept all invoices and a monthly spreadsheet, documenting ins and outs as well as a vehicle log of usage and a record of all cost. I have bank statements showing pay to me and outgoings. I have an accountant who could draft a letter too and I am continuosly in touch with her. My weekly income has increased monthly and sits at $2400.00 but we have a lease over our head . We have monies to cover three months in arrears and hopefully enough for the next 2-3 months. If lease isn't then taken over by somebody, we have up to 20 months left on lease contract to pay out. I am 55 years of age as well.
question
Q: Hi, my name is Roger Francis and I am currently a self employed Handy man with a good income per week of around $2400 including being maintenance person for many organisations and with regular employment.
I ran a cafe which went bust and still hold the lease which is amassing rent at $7000 per month for which I am 3 months in arrears.
I need advice on how to go about applying for a home loan to cover this and future rent and to buy a house at the same time?