Non-PAYE workers, including freelancers and gig workers, call on the Government to address their unique challenges in the housing market.
- 39% of surveyed non-PAYE individuals urge the Government to maintain low mortgage rates.
- 36% demand a simplification of the homebuying process to make it more accessible.
- 33% believe there should be more substantial support for first-time buyers to enter the market.
- A section of respondents want the focus on sustainable, green homes to drive future housing developments.
Non-PAYE workers, such as freelancers and those in the gig economy, face unique challenges in the housing market and are actively seeking support from the Government to address these issues. Steve Griffiths from The Mortgage Lender emphasised the importance of the property market to the UK economy and the need for governmental attention to assist first-time buyers and non-PAYE workers alike.
Survey results showed that 39% of non-PAYE workers want the Government to take action to keep mortgage rates as low as possible. These workers face greater hurdles accessing finance due to their non-traditional employment patterns, making affordability a significant concern.
Another critical aspect highlighted by the survey is the necessity to simplify the homebuying process. 36% of respondents called for this simplification, recognising that a more streamlined approach could alleviate some of the burdens faced by those outside conventional employment structures.
Addressing the needs of first-time buyers is also crucial, with 33% of non-PAYE individuals seeking more support in this area. The call is for policies that enable easier access to the property ladder amidst rising living costs and high interest rates.
Environmental considerations also featured prominently, as 21% of respondents wanted a focus on creating greener homes, alongside calls for additional Stamp Duty relief for first-time buyers.
Other respondents highlighted the importance of developing new-build homes and reforming current housing policies, with 17% advocating for leasehold system reforms and 15% urging progress on the national Warm Homes Plan.
Griffiths further commented on the challenges facing first-time buyers, noting, “This group is calling for more support to help them get onto the ladder, particularly while dealing with rising costs, high rents, and interest rates.”
These insights stress the need for targeted government interventions to support non-PAYE workers in the housing market.
