Mortgages For Gig Workers
The gig economy is booming, with more and more people choosing to work freelance or take out contract work as a more flexible alternative to traditional employment.
However, the Revolution Finance team works with multiple clients who find that being a gig worker means they have found it challenging to find a mortgage or have been offered rates and terms that are not competitive.
We work with a wide variety of clients from all stages of their freelance careers. This guide gives you an overview of how mortgages for gig workers work and how to find the best deals on the market.
For more advice and assistance with finding the right mortgage product for you, give us a call on 0330 304 3040 or email the Revolution Finance Brokers team at [email protected].
Am I eligible for a mortgage as a gig worker?
You certainly are; although less common through mainstream lenders, the Revolution team works with a network of lenders who specialise in self-employed mortgages.
We regularly negotiate a diverse range of home loans and gig worker mortgages.
The first criterion is to establish what category of gig worker you fall into - typically, these are referred to as:
- Sole traders - you run your own business.
- Partnership - you are self-employed running a freelance gig with a partner or partners.
- Limited company - you own a small, private business, where, as the owner, you are responsible for the company's debt, and have invested capital into the company.
With most high street lenders offering mortgage products most suited to those in traditional employment, if you have struggled to find a mortgage as a gig worker, get in touch, and we will run through the best options with you.
