Can journalists get a mortgage?
Yes, absolutely. We’ve helped many reporters, editors, and broadcasters from across the media to buy a home. The key is finding the right mortgage broker – one who speaks your language (literally and figuratively) and recognises your strengths as a responsible, reliable borrower.
If you are a self-employed journalist, your creditworthiness will likely be assessed differently to an in-house journalist with a fixed income. The advantage of working with an independent broker like Goldmanread is that we have access to specialist lenders with more flexible lending criteria. So, no matter your employment status, we can approach the lenders who are most likely to approve your mortgage application.
Our mortgage services for journalists
According to a major ONS survey in 2019, 81,000 people in the UK were working as journalists in print, online, TV or radio. If you count yourself among that number, Goldmanread can find you the best mortgage deal for your circumstances, whatever your employment structure.
Mortgages for in-house journalists
In-house journalists are generally strong mortgage candidates. Lenders often extend favourable terms to salaried journalists due to the perceived stability and reliability of their employment, their educational background and skills.
As an employed journalist, you will likely have many mortgage options available to you, so which is the right one? The answer depends on your circumstances, career and life goals. At Goldmanread, we make a thorough assessment of each client’s needs before identifying the most suitable products from our large network of lenders.
If you are perhaps relocating for a job at a local or national news organisation, we can help you port your existing mortgage or find a new deal with more favourable terms. Or, if you are a first-time buyer, we can present your options clearly and help you navigate the maze of offers and incentives. Maybe you are a seasoned homeowner looking to remortgage in these uncertain economic times.
Whatever your circumstances, goals or credit history, we’re here to help.
Mortgages for freelance journalists
According to the ONS, there were around 33,000 people in the UK working as freelance journalists, editors and content creators in 2019, which has presumably grown since. If you are a self-employed journalist, you may have what appears to be inconsistent income on paper, which can be a barrier to some mortgage lenders and products.
Considering that journalists are generally educated, self-motivated and organised individuals, it can be very frustrating to be assessed solely on your income pattern. Freelance journalists are often ideal mortgage candidates, which, fortunately, some mortgage lenders recognise.
The key is to find the right mortgage lender. One that is comfortable with self-employment and multiple income streams. One who takes a more nuanced approach to creditworthiness, which is reflected in their risk assessment and underwriting. One that understands that your professional and personal skills are indicative of strong financial responsibility.
Goldmanread has access to hundreds of self-employed mortgage deals, some from specialist lenders that may otherwise be inaccessible. Our knowledge of the market and understanding means we can identify lenders that will consider you more favourably and offer the best chance of success.