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


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Over the past three years, the number of homes for sale has surged dramatically, far outpacing the national rise. Yet, despite the increase, supply remains tighter than in past downturns. With more choice for buyers, success now depends on smart, realistic pricing that stands out in a competitive market.

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Despite the headlines, first-time buyers in Attleborough are not locked out of homeownership. When you look beyond prices and focus on monthly mortgage costs, affordability today is far better than many realise. The data challenges the doom narrative and shows that, while deposits are tough, buying a first home is still possible.