Hi Sharon,
Its as the business had only been limited for 1 and half years and the accounts were also still draft. So the self assesment was also not available until the accounts were auditored. Had he had been an employee with wage slips then there would not have been an issue but he had wage slips and dividends and was classed as self emplyed, even though he receives wage slips as an employee.
Due to this we did not meet the criteria of some banks even our home bank who we have our business, personal, savings and ISA account with, as well as credit card and previous loans.
If it wasn't for the crunch this would have been enough for me to change banks!
We received the same message from many banks and brokers, but basically in a nut shell if he had owned less than 20% shares, he would have been classed as employed for a borrowing capacity and with the wage slips and proof of income there would not have been an issue.
But all sorted now, so the above is now stored as experience. I suppose every case is different and thats why the underwriters look at every case in isolation, its just a good job that each bank have different underwriting criteria.
Regards
Kelly