Forget the bank of mum and dad, OnlyFans, a social media site popular with sex workers, has helped thousands onto the housing ladder this year.
The team at Online Mortgage Advisor has received just over 1,500 enquiries in the past 12 months where one or more parties per enquiry declare themselves as self-employed, citing OnlyFans as their main source of income.
OnlyFans currently has more than 30 million registered users and 450,000 creators, so it is expected that the mortgage industry will continue to see a rise in the number of people citing OnlyFans as their main source of income, particularly with the ongoing pandemic and many finding themselves furloughed or out of work.
Pete Mugleston, mortgage advisor and MD of onlinemortageadvisor.co.uk, said: “With the pandemic seeing many people furloughed or made redundant, there has been an increase in UK-residents looking at alternative ways in which they can make money, including trying to build a profile for themselves on sites such as OnlyFans, YouTube and Instagram.
“Whether they’re selling access to cooking videos or selling pictures of their feet, who are we to judge how they make their money, as long as it’s above board and legal?”
The platform has come under fire in recent years for failing to crack down on underage users.