Russell Hutchinson Opinion

Will we decline a quarter of IP applicants on their income source?

Monday 29th of July 2024

What is complex? That includes some on zero hours contracts and many self-employed people. For people on zero hours contracts the acceptance rate was worst of all: 46% would have a mortgage application declined.

That would severely penalise a household where an application was for a couple, one of whom is on a zero hours contract, not uncommon for someone who is on call – think of...

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