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Selfemployed Financial Glossary

What is it? This will usually cover anyone who is not paid under PAYE. In addition, for mortgage purposes, most lenders will class controlling directors as self employed or directors with more than a 20% shareholding. If this applies then the lender is likely to ask to see company accounts and to write to the companies external accountant for proof of income.

Finance Term Definition Added By: Claire

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We hope you now understand the meaning of Selfemployed. If you need any more information on this term, please don't hesitate to contact us.

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