Self-employed
mortgage glossary
Self Employed means that you do not work for any one else but yourself. As such, you will have to keep your own books and accounts.
If you become self employed and want to get a mortgage only then do you realise the problems that this can cause. Most mortgage lenders require that you produce wage slips and bank account details. Most mortgage lenders insist on at least 3 years books to ascertain whether you are a good risk for their loans.
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