Securing a mortgage may be more of a challenge if you’re self-employed (e.g. running your own business, or freelance). Self-employed income is often less foreseeable and may also be less secure than a salary, so mortgage lenders need more reassurance that you can afford your monthly repayments in the long term.
You are able to ergo must prepare a lot more meticulously when you’re mind-operating, so your mortgage software actually rejected. Be aware that all of the denied app can harm your own borrowing rating and work out the second one more difficult, therefore have your very best attempt the first time.
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