Self-employed: Mortgages

HM Treasury written question – answered on 26th February 2016.

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Photo of Susan Elan Jones Susan Elan Jones Shadow Minister (Wales)

To ask Mr Chancellor of the Exchequer, what steps the Government is taking to improve access to mortgages for self-employed people.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

The Government is committed to ensuring that the mortgage market delivers for creditworthy borrowers.

On 1 December 2015 the Government launched the Help to Buy: ISA to help all first time buyers saving for their first home.

Beyond the requirements set out in the regulations, decisions around the availability of individual mortgage loans are commercial decisions for lenders, including what evidence is required to validate income. The Government does not seek to intervene in these decisions.

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