Answer Key
Mortgage – Comprehension Check
- Looking for a mortgage, self-employed borrowers should contact [traditional lenders with a human-based decision making process]
- The abbreviation LTV stands for [loan to value]
- Matt Hall from Harrogate [has been doing well in his business]
- One bad business year in your accounting [might decrease your chances of getting a mortgage deal]
- Finding a lender for self-employed workers is [rather complicated]
- If you are a sole trader and you keep on reducing your tax liabilities [it might work against you if you want a mortgage]
- With self-certification mortgages, borrowers [didn't have to prove their incomes]
- Liar loans was another expression for [self-certification mortgages]
- Self-certification mortgage deals [were held responsible for the credit crunch]
- Self-employed borrowers have to prove their income with [two or three years of accounts]