Mmastodon WorldPolitics first seen 12 h ago, last 1 h ago, peak #3
UK mortgage lenders still struggle with self-employed borrowers
Original: While its not the most central aspect of the UK's housing crisis, neither is it nothing: mortgage lenders still have 'di
Mortgage lenders in the UK continue to have difficulties dealing with the self-employed, whose variable and erratic incomes often lead lenders to refuse mortgages outright or offer them only on more constrained terms than those given to salaried workers. Commentators argue this is not central to the country's housing crisis, but neither is it a trivial part of it.
Why now: The UK's ongoing housing crisis has put fresh attention on barriers facing self-employed homebuyers.
UK mortgage lendersself-employed workersUnited Kingdom
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- While its not the most central aspect of the UK's housing crisis, neither is it nothing: mortgage lenders still have 'difficulties' dealing with the self-employed's variable & erratic income & often either will not extend mortgages at all, or only on more constrained terms than… · ChrisMayLA6@mastodon.me.uk · 12
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