{"componentChunkName":"component---src-templates-post-js","path":"/freelancers-rejected-for-mortgages/","result":{"data":{"ghostPost":{"id":"Ghost__Post__60eff59b6e4273003be1df8e","title":"Freelancers rejected for mortgages","slug":"freelancers-rejected-for-mortgages","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/07/486.png","excerpt":"Plus: more people are back in work and the hiring boom continues.","custom_excerpt":"Plus: more people are back in work and the hiring boom continues.","created_at_pretty":"15 July, 2021","published_at_pretty":"15 July, 2021","updated_at_pretty":"15 July, 2021","created_at":"2021-07-15T08:45:15.000+00:00","published_at":"2021-07-15T08:47:24.000+00:00","updated_at":"2021-07-15T08:47:24.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Mortgage struggle\nSelf-employed people who received government grants during the pandemic are \nstruggling to get approved for a mortgage\n[https://www.bbc.co.uk/news/business-57843756]. Brokers reckon people who work\nin sectors like travel, entertainment, and hospitality are the worst affected.\nMany lenders are also demanding higher deposits; Metro Bank, for example, says\ncustomers who have taken a grant will need a 20% deposit.\n\nHiring boom\nThe number of workers on payroll went up by 356,000\n[https://www.cityam.com/uk-unemployment-rate-falls-as-lockdown-easing-drives-up-hiring/] \nin June to 28.9 million - the highest it’s been since last April. At the same\ntime, the number of people on furlough has halved as businesses reopen after\nlockdown.\n\nVacancies soar\nThe hiring spree isn’t over yet - there were 862,000 job vacancies posted\n[https://www.bbc.co.uk/news/business-57846381] between April and June, which is\nback above pre-pandemic levels. All but one industry saw an increase in job ads\nin the second quarter.","html":"

Mortgage struggle

Self-employed people who received government grants during the pandemic are struggling to get approved for a mortgage. Brokers reckon people who work in sectors like travel, entertainment, and hospitality are the worst affected. Many lenders are also demanding higher deposits; Metro Bank, for example, says customers who have taken a grant will need a 20% deposit.

Hiring boom

The number of workers on payroll went up by 356,000 in June to 28.9 million - the highest it’s been since last April. At the same time, the number of people on furlough has halved as businesses reopen after lockdown.

Vacancies soar

The hiring spree isn’t over yet - there were 862,000 job vacancies posted between April and June, which is back above pre-pandemic levels. All but one industry saw an increase in job ads in the second quarter.

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