Self-Employed People Have Little Expectations Of Securing A Mortgage

More than a third of self-employed would-be mortgage applicants didn’t go ahead because they expected rejection, a new study has found. One in five who applied were turned down because of insufficient proof of future earnings. The study, by specialist lender Together, found that 36% of self-employed people who wanted to buy a home of their own decided against applying in the past five years because they expected to be turned down. Self-employed borrowers are being put off before even applying for a mortgage or remortgage as they worry about strict rules on proof of earnings at High Street lenders. Read more on the Property Wire website.

https://www.propertywire.com/news/uk/self-employed-people-have-little-expectations-of-securing-a-mortgage/