Tough Times Ahead For the Self-Employed

Mortgage products are currently being pulled from the shelves at a record rate. While borrowers were spoiled for choice only a few months ago the number of products on offer has nearly halved - from a peak of thirteen thousand to approximately seven thousand. Mortgages for the self-employed have not escaped the mass recall meaning that borrowers without a salary or wage may find it tough to secure a mortgage in the near future.

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