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Article: All the lonely people

Article from:
The Independent (London, England)
Article date:
March 31, 1996
Author:
Copyright

DOWNSIZED, rationalised, flexible working, going freelance, between jobs. Call it what you will, but today's changing employment patterns mean potential financial problems, and not just the obvious one.

Take mortgages, most people's biggest financial commitment.Lenders have fought for market share in the past year or so, with some astonishing "loss leader" deals available. It should be a buyer's market, but Britain's growing army of self-employed and short-term contract workers could find they get the cold shoulder when applying for a new loan. There may be nothing they can do about this if self-employment or contract work has been forced on them through redundancy. The lesson to learn is ...

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