Self-employed landlords help fuel 32% increase in deals at Roma Finance
Roma Finance, the specialist property bridging lender, has seen a 32% jump in bridging over the last 3 months fuelled by a marked increase in business from self-employed property landlords and developers.
The hike in self-employed borrowers has grown, as many seek finance for investment property purchases, renovations and change of use to generate rental income.
Recently published figures from the Office of National Statistics (ONS) show that self-employment is at a 40-year high, and in 2014 there has been an 11.5% increase in the number of people becoming self-employed in the ‘Real Estate Activities’ category (the increase is a significant 63% since 2009).
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