Self-employed being locked out of the mortgage market


Self-employed being locked out of the mortgage market

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

 

www.sardison.co.uk


Log into your account here, or click here to sign up!


Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.