Stricter affordability assessments see twice as many self-employed rejected for a mortgage🤷🏻‍♀️

Stricter affordability assessments see twice as many self-employed rejected for a mortgage🤷🏻‍♀️

According to new research from The Mortgage Lender, 23% of self-employed individuals have had their mortgage application denied in the past compared to just 12% of employed workers.

Self-employed applicants are often treated with stricter affordability assessments than those who are employed, mainly because they are considered to have a more irregular or complex income and are therefore viewed as riskier to lenders. This can make it trickier to get through the mortgage process, with the survey finding that of those who have ever tried to get a mortgage, 19% of self-employed applicants have had mixed results of whether their application was accepted or denied, compared to only 11% of employed individuals who said the same. To continue reading, please Click Here


Get in touch with us

More homes are competing for buyer attention, so sellers need more than a hopeful asking price. A smart launch, realistic valuation and strong presentation can help attract serious interest.

In today's property market, the temptation to 'test the market' with an ambitious asking price can be strong if you're not in any particular hurry to sell. However, this strategy often backfires, costing vendors valuable time, credibility, and ultimately, money. Let's explore why.

Sir Keir Starmer’s resignation has added fresh uncertainty to the UK property market, but its impact will depend less on politics and more on how financial markets react to the next government’s economic plans. Mortgage rates, taxation and buyer confidence could all be influenced by what comes next. Please click the link to learn more

What does Attleborough really look like beyond house prices? This map highlights where larger households are most common, revealing where families and shared living arrangements are concentrated. The pattern shows how different neighbourhoods function as distinct micro markets, each shaped by the people who live there. Click to learn more...