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The last commentary I made with reference to those self employed with one years accounts was that mortgage lending was capped at 75% LTV (Loan to Value), I have now successfully mortgaged several clients at 90% LTV for purchase transactions.  The number of lenders able to do this is still very restricted but lets hope this will change as time moves on.

The majority of purchase transactions are geared up to 90% LTV, so this brings self employed lending back in line with lending to employed clients.  You are able to have a smaller deposit that 10% but this usually means a restricted panel of lenders for the employed or buying a new build property, or having a minimum of two years trading accounts or SA302’s (tax returns).

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Austin Degge


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