You won’t believe these statistics on the self-employed market!
As of April 2022, there were around 4.2 million self-employed workers in the UK. To put this into perspective, this is equivalent to the capacity of over 44 Wembley stadiums. It could take you up to 45 days with no sleep and tons of coffee to count to 4.2 million.
The self-employed market can be overwhelming. But it’s interesting to see the correlation between how big the market is versus the number of brokers capitalising on this. 24% of brokers think mortgages for self-employed and contractor clients are the hardest to place, closely followed by clients with adverse credit. Why could this be?
As a specialist in the industry, we know how restrictive some lenders can be when dealing with self-employed clients. LTV caps, LTI restrictions and government support schemes are just some of the reasons why self-employed cases can be challenging to place.
We’re here to bridge the lending gap and debunk all of your misconceptions on the topic. We want to show you how simple lending to the self-employed can be, and over the following weeks, we’ll take a deeper dive into how we can do that by working together.
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