Mortgages, SEISS and the Self Employed

 

During the coronavirus pandemic, many self-employed people sought assistance from the Self-Employment Income Support Scheme (SEISS).

 

Although these government handouts do not directly affect your credit score, certain mortgage lenders have reported becoming leery of recipients.

A lot of misunderstanding exists on this subject, but if you're looking for a mortgage and have received an SEISS grant, there's some good news: it doesn't imply a mortgage lender will reject you entirely.

 

Read our SEISS grants and mortgages Mythbuster to learn how self-employed people can still secure mortgages.