Brexit will make getting a mortgage harder, says a third of the self-employed

Ryan Bembridge

May 25, 2018

More than a third (35%) of self-employed people think Brexit will affect their ability to take out loans, including mortgages, Kensington research has found.

They have a mixed attitude towards the UK’s departure from the European Union, as two thirds (63%) reckon it’ll have no direct impact on their business, but over half (52%) expect it to have a negative impact on the wider economy.

Craig McKinlay, sales and marketing director at Kensington Mortgages, said: “Self-employed workers are, without a doubt, the backbone of the UK economy, so we should all take reassurance from their optimistic outlook and ability to build up their savings to cope with life’s unexpected events.

“While this is undoubtedly good news, we shouldn’t lose sight of the struggle these independent workers face when it comes to getting a mortgage.”

Nearly half (47%) expect 2018 to bring in more work than last year and only 20% of self-employed workers believe Brexit will have a negative impact on their business.

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