Summer drought for self-employed home buyers as banks tighten mortgage rules

Some transactions have fallen through because of delays to the mortgage process.

The housing dreams of millions of self-employed people are being stopped in their tracks as banks undertake forensic analysis on their mortgage applications. 

Self-employed workers are being asked to provide significantly more paperwork than before the pandemic and mortgage companies are taking weeks to deliberate on applications which would normally be waved through.

By Adam Williams. Please read the full article on The Telegraph.

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