Self-employed people struggle to get a mortgage

Some 12 per cent of self-employed workers have been turned down for a first time mortgage or remortgage, underling the problems of proving income and affordability for customers who are not full-time employees, according to a survey by the Nottingham Building Society.

The Nottingham’s study highlights how it is down to having a lower income; nearly half (48 per cent) of the self-employed workers questioned earn about the same or more than in their previous job. Around 26 per cent say they are earning more and the overwhelming majority had previously been in full-time employment.

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