Banks including Santander and NatWest have tightened their criteria for freelancers with Santander now requiring a 40% deposit while NatWest is reportedly routinely declining applications from self-employed customers who have claimed money from Government support schemes. Jonathan Harris of Forensic Property Finance commented: “Some lenders are indiscriminately bashing the self-employed by applying draconian criteria for no other reason than an applicant works for themselves.”
Read more: The Daily Telegraph
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