Santander says it will not lend to the self-employed if they received government help in the past three months
I desperately need some help after Santander declined our remortgage application. I have never earned more than I do now and business is booming. But our application has been refused because the company I part-own received two months’ furlough payments for an employee who had to reduce her hours because she could not get childcare.
Our case is slightly complicated in that I both part-own and am employed by the seven-person firm, so Santander wanted to see my business details as well as my personal income. Our application was refused because the company had had government help.
