Gen H has launched 95% loan-to-value (LTV) lending for for self-employed workers and contractors with small deposits.
The lender estimates that one in 10 aspiring homeowners who are contractors or self-employed have less than a 10% deposit.
In a 2025 survey of 500 self-employed workers, Afin Bank found that 38% of respondents said their self-employed status had prevented them from purchasing a new home, and 23% said their unpredictable earnings or fluctuating income had been a barrier to getting a mortgage.
Gen H’s policy change aims to end their exclusion from the housing market by recognising a track record of variable but consistent income.
Gen H sales and distribution director Sara Palmer says: “The shape of our workforce is changing, but the desire for homeownership is not. Self-employed and contract workers should have the same right to access homeownership as anyone else – even with small deposits – but outdated ideas about the reliability of that income means too many are still locked out.”
“We have approached this exciting expansion of our policy as we do all areas of our criteria: sensibly, and with prudence, but with a view to expanding access, not maintaining the status quo.”
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