The Society will now accept one year’s worth of accounts.
Related topic: Self-employed
The lender says the range will support those who are newly self-employed and may only have one year’s accounts.
Grant Hendry, director of sales at Foundation Home Loans, says lenders' underwriting processes must match the growing number of people looking beyond a more ‘traditional’...
Helen Cawthra from Vida Homeloans looks at the self-employed borrower market, the options available to self-employed clients, and what proof points support applications.
Paul Adams, sales director at Pepper Money, discusses anecdotal evidence from brokers that not all lenders are sticking to the criteria when it comes to underwriting an application for...
Mortgage Broker Tools hopes that with the dawn of the new tax year, lenders will change their attitudes to look at self-employed clients more favourably.
37% of mortgage enquiries from self-employed applicants were unable to achieve the loan size requested.
Only 65% of self-employed mortgage enquiries were considered affordable at the end of 2022.