Changing working patterns aren’t supported by automated underwriting - News Summed Up

Changing working patterns aren’t supported by automated underwriting


It’s fair to say that our working lives, the way we are paid, the jobs we choose to do, the approach to how we do them, is changing. At the start of the year, research by Censuswide revealed one in 10 UK employees – approximately 4.5 million people – were, at the very least, considering taking a second job. When you manually underwrite, you can get a full picture of circumstances and confidently use 100% of all those income sources, whereas other lenders may have to only accept 50% of them. We certainly want to work with advisers and their multiple job/income clients to ensure they have a seamless remortgage transition and their working/investment decisions are not held against them. Grant Hendry is director of sales at Foundation Home Loanshttps://www.peoplemanagement.co.uk/article/1809546/four-million-uk-workers-considering-second-job-combat-cost-living-survey-findshttps://www.crunch.co.uk/knowledge-employment/id-like-a-second-job-what-do-i-need-to-know#:~:text=According%20to%20the%20Office%20of,UK%20have%20a%20second%20job.


Source: The Guardian July 02, 2023 15:36 UTC



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