Keith Street, vice-chairman of group lending for The Northview Group, says: "For self-employed workers it is already a challenge to secure the things that many of us take for granted, such as a mortgage, and the Budget news will affect their ability to meet affordability criteria."
He said it would be incumbent on such clients and their advisers to "seek out deals" and "find a great value for money deal".
Property taxation
As mentioned earlier, property taxation was outlined in the Budget documents (section 4.7). The chancellor announced it would set out its approach for delivering more frequent revaluations of properties in the Autumn Budget this year.
The government will also consult ahead of the next revaluation in 2022.
Further, the government is set to amend legislation to ensure all profits realised by offshore property developers developing land in the UK - including those on pre-existing contracts - are subject to tax, with effect from 8 March 2017.
The government is also set to consult on proposals to redesign rent-a-room relief, to ensure it is better targeted to support longer-term lettings.
simoney.kyriakou@ft.com