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Get a contractor mortgage based on your contract rate alone

Posted Mar 20, 2010

Many contractors may have found it hard to secure a mortgage in the past as many 'big name' lenders don't understand how contractors and freelancers work.

Even now, the concept of 'contract work' is lost on some high street lenders, who cannot grasp the fact that contractors have many contracts with different clients over a long period of time.

Over the past few years, as credit has become harder to secure due to the credit crunch, lenders have not only tightened up on all lending criteria, but the minimum deposit you need to secure a competitive interest rate has climbed significantly. The death of 'self cert' mortgages closed the door on a popular mortgage product used by contractors in the past.

Specialist mortgage advisers

Fortunately, our long-term IFA partner, Contractor Financials, has been securing mortgages for contractors for over a decade now. Their experience of dealing with major lenders and in-depth knowledge of the market has enabled them to build strong relationships with mortgage companies, who understand the contractor market.

Contractor Financials specialist in offering contractor mortgages based on contract rate alone - provided by lenders who understand the working arrangements of the freelance workforce.

If you are interested in finding out more about the mortgage options available to you, simply fill in the enquiry form, and Contractor Financials will get back to you shortly.

Also, read our articles on the outlook for the contractor mortgage market in 2010, and how offset mortgages may be big business in the post-crunch world.

Contractor Mortgage Enquiry Form

(fields marked * are required)...

Your Name*
 
Your Email*
 
Phone Number
 
Mobile Number:
 
How would you like
to be contacted initially:
 
Property Price (£)
 
Required Loan Size (£)
 
Type of Loan
 
Contract Rate (£/Hour)
 
Time contracting (Years)?
 
Time in IT (Years)?
 

Adverse credit history
eg. CCJ's

No Yes
 
Additional Income?
(Please supply details)
 
Any comments
 
 

Contractor Financials are Independent Financial Advisers (IFAs), directly regulated and authorised by the Financial Services Authority. We are pleased to be able to offer full advice whereas many institutions will now only provide you with an 'information only' service. We also provide what is referred to as a whole of market service, which means we can advise you on and arrange a suitable mortgage from all the lenders and from all of their product range.

All content ©Contract Eye Ltd. Protected by Copyscape. Please scroll down for related articles.

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