In recent years, there’s been a revolution in the way we work in the UK. Individuals’ mindsets have changed; we’re challenging the age-old 9-5. Independent professionals are incorporating their own companies. They’re building a unique brand of expertise in their field.
Moreover, they’re in demand in many high tech industries. Their flexibility will aid recovery from the pandemic sweeping the globe. So why aren’t mortgage lenders keeping up with the new way we’re working in the UK?
The economic recovery needed—and still needs—these entrepreneurs. It was the rise in self-employment that supported all UK labour market figures after recession. Today, as we look beyond another crisis, that growth shows no sign of stopping.
Those independent professionals striking out on their own do so on a contract-to-contract basis. To streamline their businesses for flexibility, most use limited company payment structures. This involves more work than people realise, and not without cost.
So the question is, “Why go to all that trouble if you can’t get a mortgage afterwards?”
Continue reading about High St mortgages: a limited company contractor’s worst nightmare