The Times- Self-employed? How you can nail that loan
If you are a freelancer with an unconventional working pattern or income stream you are likely to find it hard to get a mortgage.
UK Finance says that credit card debt is at a 20-year high, with a total of £44.3 billion owed. Aaron Strutt, at Trinity Financial, told The Times: “Having high levels of personal debt affects your chances of getting a mortgage.”
As part of the Mortgage Market Review introduced in 2014, lenders must consider your overall financial health and they look at your overall debt-to-income ratio.
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