Monthly archives: October, 2016

Self-employed people struggle to get a mortgage

Mortgage contract signed closeup

[vc_row][vc_column][ultimate_spacer height=”20″][/vc_column][/vc_row][vc_row full_width=”stretch_row” wrap_container=”yes”][vc_column width=”2/3″ css=”.vc_custom_1475683994825{background-color: #ffffff !important;}”][vc_column_text]Nearly one in eight self-employed people have been rejected for mortgages since working for themselves despite often earning more than in their previous full-time employed job, research finds. Some 12 per cent of self-employed workers have been turned down for a first-time mortgage or remortgage, underling the problems …

Call to unite fractured mortgage market to help borrowers

A couple look at houses for sale in the window of Balgores estate agents in Chelmsford, U.K., on Tuesday, Dec. 15, 2015. U.K. asking prices rose an annual 7.4 percent in December amid a continuing shortage of homes for sale, according to Rightmove. Photographer: Chris Ratcliffe/Bloomberg

[vc_row][vc_column][ultimate_spacer height=”20″][/vc_column][/vc_row][vc_row full_width=”stretch_row” wrap_container=”yes”][vc_column width=”2/3″ css=”.vc_custom_1475683994825{background-color: #ffffff !important;}”][vc_column_text] Quicker mortgage processing is being held up by the lack of interconnectivity between lenders, it has been claimed. Henry Woodcock, the principal mortgage consultant at Iress, said the company’s latest mortgage efficiency survey found cases going to offer in 10 days or less were down 37 per …