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Self-employed mortgages and financial products
How to budget for higher mortgage rates when you’re a freelancer
How will interest rate rises impact my monthly mortgage payments? This is what all home-owning or soon-to-be homeowners should be asking themselves, especially if they have fluctuating incomes.
Higher interest rates will start to feed…
Self-employed and buying a newbuild? Here’s how to avoid “dodgy” developer tactics
Buying a property is probably one if not the, largest financial commitment you will make. So, what should you do if you are in the market to buy a swish newbuild property and developers are breathing down your neck to exchange contracts?…
Barclays enters self-employed mortgage market
Kensington Mortgages, a specialist mortgage lender that caters to the self-employed, has been sold to Barclays Bank UK PLC. The sale follows an auction process that attracted a broad range of bidders, highlighting that the freelancer…
Mortgage affordability checks to be scrapped
Is the Bank of England’s axing of mortgage affordability ‘utter madness’?
Following a consultation, the Bank of England's Financial Policy Committee FPC has decided to withdraw the affordability test Recommendation with effect…
When is it worth paying early redemption charges on a fixed-rate mortgage?
If the Bank of England rate hits 1.5%, it could mean more than a third of people with variable-rate mortgages face difficulties.Meanwhile, with 1.5 million fixed-rate mortgages set to expire this year, more than a third could face…
Sole director contractors warned they could be limited to unaffordable mortgage rates
Mortgage lenders including Santander have announced that they are changing their affordability calculations on 6 April, taking into account not just rising energy bills and household expenditure as per the revised ONS data, but also the…
Contractors looking to buy a new home or switch mortgages need to spot these red flags
Photo by Ravi Kant from Pexels
A spike in conditional selling, whereby estate agents pressure and insinuate that buyers will have a better chance of landing a property from a vendor if they are "financially verified" in-house, means…
Freelancers: the “real life” Teachers that schools need
Many schools and colleges would like to increase their financial and career education efforts but they are hindered by a busy timetable, curriculum and a lack of skills and knowledge. That's according to the Money and Pension Service's…
How much could a cyber-attack cost a freelancer?
Cyber-crime continues to be a major concern for freelancers and small business owners with as many as 51% falling victim to a cyber security breach. How much could one cost you?
In a survey that polled 1000 respondents, self-employment…
Ditch the degree: 46% of graduates say start a business instead. But do business owners agree?
A new study has explored whether students, past and present, consider a degree to hold the prestige it once did in business - or whether entrepreneurial spirit can get you just as far. Or is there a happy medium? Freelancers, business…