The self-employed need mortgages, too – yet they may find it difficult to secure the loan needed to buy their own home.
Along with other self-employed workers, taxi drivers are likely to encounter problems in getting a mortgage because of the difficulties in providing proof of income – something required by any mortgage lender as a test of the affordability of the loan.How much does a taxi driver earn?
There are all manner of taxi driving jobs available. Because of the sheer range of work, in many different parts of the UK, it is relatively difficult to establish an average annual salary.
The website Indeed, for instance, cites an average of £32,562 a year – an encouraging 12% above the national average wage. From a smaller sample of drivers, the website Glassdoor, on the other hand, found the national average income for a taxi driver to be £25,084 – although some drivers claimed to be earning up to £49,000.Taxi driver mortgages …