Two-thirds of self-employed believe they will face more hurdles than employees in getting a home loan. But there are ways to ease the struggle
Securing a mortgage can be tricky for everybody. But freelancers often find it harder than most; our recent research showed that 38% of self-employed people who are interested in getting a mortgage are concerned that they’ll never be accepted because they work independently. The mortgage market review came into force last year,making lending criteria much tougher. A year on, many freelancers are realising the effect of these changes and are rushing to apply before a potential interest rate rise in 2016. However, or many are finding their applications beget been unexpectedly declined because of the tighter rules.
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Source: theguardian.com