Decreased mortgage rates and a simplified homebuying process top their wish list
Non-traditional workers, including freelancers, self-employed individuals, and gig economy participants, want the government to provide more support for property affordability and accessibility, according to new research from specialist lender The Mortgage Lender (TML).
The survey highlights the challenges non-PAYE (pay as you earn) workers face in today’s property market, shaped by high interest rates, rising living costs, and elevated property prices. Many of these workers are looking for government intervention to make homeownership more attainable and the mortgage application process simpler.
According to TML’s findings, 39% of non-PAYE workers want the government to take action to keep mortgage rates low, while 36% would like to see a simplified homebuying process. Around 33% are asking for more assistance for first-time buyers, and 21% are advocating for greener homes.
Another 21% support continued stamp duty relief for first-time buyers, while 20% want the government to develop more housing to increase stock. Additionally, 17% are pushing for reform of the leasehold system, and 15% are hoping the government will deliver on the national Warm Homes Plan.
Steve Griffiths (pictured), chief commercial officer at The Mortgage Lender, highlighted the importance of government support in a challenging market.
“The property market is a key contributor to the UK economy and is heavily influenced by both economic conditions and consumer confidence,” he said. “With limited housebuilding and a challenging few years, the market needs considerable attention from the government to help unlock the property ladder and support tenants, buyers, and landlords.
“This requires a balanced approach: increasing affordable housing stock, supporting homeownership aspirations, and maintaining the private rental sector.”
Griffiths noted that affordability remains a primary obstacle, especially for first-time buyers facing high rents and interest rates. He added that self-employed workers, who make up 13% of the UK’s workforce, face additional challenges due to stricter mortgage requirements.
“First-time buyers and self-employed individuals need reassurance that the government is committed to supporting their homeownership goals,” Griffiths said. “Addressing these areas could encourage more people onto the property ladder who might otherwise be deterred by current requirements.”
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