Second charge lending ever more popular:
A recent survey has found nearly one in six self-employed workers has had a re-mortgage application rejected. The findings highlight the problems of proving income and affordability for customers who are not full-time employees, according to the survey.
Despite their self-employed status, nearly half (48%) of respondents said they earned about the same or more than in their previous job, 26% said they were earning more.
Self-employment is growing rapidly and being your own boss should not mean you cannot successfully apply for a re-mortgage. Many self-employed need to raise cash for business expansion as well as the normal home improvements.
One solution to the self-employed plight is a second charge loan which is growing in status month on month. This type of loan has several advantages over a re-mortgage and its little wonder they are growing in popularity.
The key to ensuring that you do not struggle in vein searching for the right loan to meet your needs is to get expert independent help. The range of loans open to the self-employed are vast and an expert will help guide you to the correct solution.
Can we help you?
If you are looking to secure a loan on your property please do contact one of our advisers and they will be happy to assist. https://www.second-charge-loans.co.uk/contact/