Finding a mortgage deal when you’re self-employed can be tricky. As many as 71% of self-employed people said they felt discriminated against due to their employment status when applying for a mortgage, according to a recent survey by The Mortgage Lender. But, yes, it is possible to get a mortgage even if you have only been trading for a short time.
When it comes to raising finance from traditional lenders on the high street, many small businesses can hit a dead end. A new government initiative designed to address this problem – the Bank Referral Scheme – has made a promising start.