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Self-employment up 24% since 2008

Nearly a quarter of self-employed workers have been their own boss for less than two years, according to research on behalf of Kensington.

The survey found that 24% of self-employed individuals have been working this way for less than two years.

Given that the research also found there are five million self-employed workers in the UK, this means that 1.2 million have started working for themselves since March 2008, after which time the economy contracted for six quarters.

Charles Morley, head of sales and product development at Ken-sington, says: “Many of these individuals are enjoying successful careers but because of the way lenders process applications many will find it hard to get mortgages.”



We should do more to promote surveys

Left-field indicators on subjects such as loan performance, consumer confidence and economic recovery seldom make headlines. I recall a lender once telling me that if it was allowed to it could accurately predict the likelihood of borrowers defaulting on their mortgages by analysing their shopping bills. For example, a switch from shopping at Sainsbury to […]

Alexander Hall is optimistic despite losing £1m in 2009

Alexander Hall Associates has filed its annual results for the year ending December 31 2009, showing the brokerage made a £1.1m loss, but it expects to break even in 2010. This compares with a £126,057 profit in 2008. Alexander Hall is one of two firms in the Foxtons Group. It saw turnover decrease by 56% […]


House prices will increase 5% this year as SVRs go down, says CEBR

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Trust me, I’m a provider

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