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Self employed Mortgages
Strong Trend
According to the Office of National Statistics (ONS), The number of self-employed increased from 3.3 million people (12.0% of the labour force) in 2001 to 4.8 million (15.1% of the labour force) in 2017. Lenders are responding to this phenomenal growth with improving mortgage options for this sector.
Increased Opportunities
As lender’s understanding has grown regarding the self-employed, small business owners, their operations and income structures; lender’s criteria and requirements is changing to better serve the sector with products that are designed with the needs of the customers by default.
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