✉news BusinessReal Estate first seen 4 d ago, last 3 d ago, peak #9
UK mortgage market failing to adapt to new work patterns
Original: UK mortgage market ‘failing to adapt to new patterns of work’
The Financial Times reports that the UK mortgage market is failing to adapt to new patterns of work, with lending rules still geared towards traditional full-time employment. Self-employed workers, freelancers and gig economy workers reportedly struggle to secure mortgages despite stable incomes, prompting calls for reform in how lenders assess affordability.
Why now: A major Financial Times piece on mortgage accessibility for non-traditional workers is drawing attention amid ongoing housing affordability concerns in the UK.
Evidence
- UK mortgage market ‘failing to adapt to new patterns of work’ · Financial Times
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