World News – UK – Paradigm Launches Self-Employed Loans eBook

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Written with input from Pepper Money and Precise Mortgages, the free eBook aims to help advisors better understand their independent clients so they can more easily find a solution to their needs

The eBook covers a number of topics to support the work of counselors with the self-employed, including the demographics of the self-employed market, the different types of self-employment, how to read and understand a self-employed client accounting figures and how a lender subscribes to an independent client

Paradigm said it wants to help advisors work effectively with their independent clients and be able to use their accounts and financial data to best present them to lenders. He believes that by doing this, the lender will be able to make a more calculated lending decision, giving advisors a greater chance of securing mortgage funds for their client.

Christine Newell, Mortgage Technical Director at Paradigm Mortgage Services, commented: “At the end of last year, according to the ONS, there were five million self-employed people in the UK Given what happened in 2020 and the impact of the pandemic on the job market, we should expect the number of self-employed workers to continue to rise and counselors to see more and more independent mortgage clients

« We believe this eBook will be an extremely valuable resource for intermediaries at a time when it is increasingly difficult to find the right loan solution for the self-employed due to the fact that lenders change their criteria regularly. , LTV levels, and accessibility ratings for this demographic.Advisors are finding that the path to a mortgage for the self-employed has become much trickier in 2020, and at Paradigm, we wanted to help explain why that might be. the case and what counselors can do to facilitate this path

Understanding the unique circumstances, needs and financial situation of independent borrowers is an absolute necessity, as is the ability to present the best image to lenders so that they can make the best possible loan decision. This free eBook aims to do just that and help advisors work through what can be a very different borrowing situation with multiple incomes, business start-ups, employment practices, and the potential for higher complexity. than that of « traditional » borrowers

« We invite any advisor who works with independent clients, or who wishes to work more closely with this growing cohort of borrowers, to download the eBook and contact us with questions in this area »

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Self-Employment, Mortgage, Paradigm Mortgage Services Llp, Finance, Employment

World News – UK – Paradigm Launches « Self-Employed Loans » eBook


SOURCE: https://www.w24news.com

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