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Still in your first year of trading?

Updated: Feb 12, 2021

You most likely won’t be able to apply for a mortgage if you haven’t filled out a tax return for your first year of trading. That’s because from a lender’s perspective, you don’t have acceptable evidence of your income yet.

Without a first year’s tax return to analyse, lenders can’t really judge your affordability – even if you’ve had a brilliant first few months working for yourself. So you’ll need to be patient.

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