Previously self-employed borrowers required three years' trading.
Pepper Homeloans has loosened its self-employed criteria to accept a one year trading period.
Previously self-employed borrowers required three years' trading.
The lender has also increased the maximum age for buy-to-let applicants at the end of the term from 75 to 85.
Jeff Knight, Pepper’s head of marketing, said: “As we further strengthen our position in the UK mortgage market we are continually seeking opportunities within specific market niches.
“One such niche is the self-employed and this is a growing opportunity for intermediaries.”
Pepper made three other changes, as buy-to-let rental income will now be taken into account provided it doesn’t represent a borrower’s primary income, the minimum term for mortgage applicants is now five years and remortgages will be considered for applicants who have been registered owners for six months.
