Extract from Westminster Hall debate on Mortgages: Eligibility - Oct 23
Tuesday, 24 October 2017 08:18
James Cartlidge (South Suffolk) (Con):...We must think about
greater access for, for example, the self-employed. I was on the
Work and Pensions Committee before the election, and we had an
investigation into the rise of the Gig economy and a new
breed of worker—they are called “workers”, with a capital “w”—who
are self-employed but work very regular shifts and arguably have
all the characteristics of employees but no employment contract. In
my view, there have been...Request free
trial
(South Suffolk)
(Con):...We must think about greater access for, for
example, the self-employed. I was on the Work and Pensions
Committee before the election, and we had an investigation into the
rise of the Gig
economy and a new breed of worker—they are called
“workers”, with a capital “w”—who are self-employed but work very
regular shifts and arguably have all the characteristics of
employees but no employment contract. In my view, there have been
abuses, because such workers do not get the security an employee
would expect. In those cases, there is an argument that lenders
should have much more discretion and we should not automatically
say, as is usually the case with the self-employed, “Well, if you
don’t have three years’ accounts, sorry, you can’t get a mortgage”.
The world of work is changing, and lending needs to change with
it...
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