Halifax loosens self-employed mortgage criteria

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Self-employed Halifax Intermediaries customers will now only need to supply two years’ of information about their income – down from three.

Applications from those who have been self-employed for less than two years but at least one full year will still be considered by an underwriter.

Ian Wilson, head of Halifax Intermediaries, said: “There are almost five million self-employed workers in the UK and almost 40% of employment growth has come from the self-employed or small business owners over the last decade.

“Adapting our policy to support self-employed people is part of our ongoing commitment to making it easier for brokers to do business with this key market segment.”

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Written by: Houseladder