Self-employment and Bridging Finance

The latest figures from the Office for National Statistics show self-employment is at its highest point since records began 40 years ago, this means nearly 15% of UK workforce is now self-employed. 

This ever increasing sector of the UK workforce is probably the most in need of specialist lenders. A large number of high-street lenders appear not to be interested in them at all as they see them as high risk. This also applies to not only the self-employed but pretty much any working person in non-standard employment. Regular lenders seem to class this category of the work force as “too difficult” thus the need for specialist lenders. Bridging lenders are well versed in specialist lending needs and offer the ideal solution for short term lending to the self-employed.

Interesting facts about who are self-employed

The number of over-65s who are self-employed has more than doubled in the past five  years to reach nearly half a million

The number of women in self-employment is increasing at a faster rate than the number of men (although men still dominate self-employment)

The rise in total employment since 2008 is predominantly among the self-employed

Bridging Loans available to the self-employed

As lending to the self-employed is a specialist market it is recommended to contact us to get advice as to which loan suits your needs. As Bridging specialists we have access to various lenders who offer very competitive rates in all areas of Bridging finance. Please call to discuss your needs.