SELF EMPLOYED MORTGAGES ON THE INCREASE

April 6, 2017 by in category Mortgage News with 0 and 0

Since the 2007 credit crisis self employed borrowers have found it difficult, if not impossible, to secure a mortgage.
However, demand for mortgages from the self-employed and contract workers is rocketing, outstripping growth from employees. And this is forcing lenders to lower borrowing barriers and embrace these applicants.

Almost 20% of workers is either self-employed or on a fixed-term or “zero-hours” contract.

And the consequence of this is that the tide is turning. Last year 120,000 new loans were taken out by the self-employed..

London Mortgage Advice Ltd is authorized and regulated by the Financial Conduct Authority for residential mortgages and non investment insurance business.

Although London Mortgage Advice Ltd is regulated by FCA, commercial mortgages and most buy-to-let and offshore mortgages are not regulated by the FCA.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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