Answer Key

Mortgage – Comprehension Check

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