Self-employed people struggle to get a mortgage

mortgage
Some 12 per cent of self-employed workers have been turned down for a first time mortgage or remortgage, underling the problems of proving income and affordability for customers who are not full-time employees, according to a survey by the Nottingham Building Society.

The Nottingham’s study highlights how it is down to having a lower income; nearly half (48 per cent) of the self-employed workers questioned earn about the same or more than in their previous job. Around 26 per cent say they are earning more and the overwhelming majority had previously been in full-time employment.

Read more: https://smallbusiness.co.uk/self-employed-people-struggle-mortgage-2534403/

Testimonials

‘I first met Chris 4 years ago to recommend his services to a small start-up company, and have since taken on C H Financial for my own financial affairs. The expertise and attention to detail in which they have handled my company and personal affairs could not be faulted. Thank you for your hard work over the years, its very much appreciated. I would highly recommend Chris and the team.’
Kate - Consultant

We use cookies and collect data to ensure that we give you the best experience on our website. We also use cookies to ensure we show you information that is relevant to you. We will not track you unless you click the 'agree' button below.

Cookie Policy » Privacy Policy »

Agree No Thanks