Mortgages for contractors are based on gross contract earnings alone. Getting a contractor mortgage doesn’t have to be difficult, contact us and we’ll tell you why!
We can secure the most competitive mortgages based on contract rates alone. We overcome the difficulty of obtaining a mortgage, or remortgage, because we have close relations with senior underwriters who completely understand the way you work!
We have arrangements agreed with lenders that will use their standard multiple of income on your current annualised contract rate to calculate a maximum loan size. The key here is to ensure that the application is properly packaged and falls in front of the right decision makers rather than using staff in branch networks. This avoids having to present 3 years accounts that probably don’t fully reflect your earnings or disposable income for verification of affordability.
“We are Contractor Mortgage Specialist that can secure you a competitive mortgage based on your contract rate alone”
It really is that simple……
“We have worked hard over the years to develop strong relationships with lenders in relation to simplifying this process and what qualifies as relevant earnings for lending purposes for Freelancers. The key here is to ensure that the application is properly packaged and falls in front of the right decision makers rather than using staff in branch networks.”
John Yerou (MD of Freelancer Financials)
Most lenders have a simplistic view of what qualifies as relevant earnings for lending purposes. In contrast, we are able to directly present your application to senior underwriters so that your full earnings potential is taken into account, including earnings which are not paid out but retained within the company for tax planning purposes.
Choosing an experienced mortgage broker is absolutely paramount to avoid the agonies of dealing with mortgage underwriters who are inexperienced and do not understand the contracting market. An experienced advisor who specialises in arranging mortgages for freelancers can smooth the path of any mortgage application, as long as a contractor possesses a current contract verifying his daily or hourly rate.
Over 99% of our clients are contractors and as such we are very experienced in dealing with Contractors and understanding the different ways in which contractors work (limited company, or UK payroll umbrella) and ensure we can secure a mortgage using bespoke contract based underwriting that we’ve negotiated with a number of high street lenders.
Freelancer Financials are directly regulated and authorised by the Financial Services Authority. Unlike many other institutions in the field that serve as an “information only” service, our goal is to provide authoritative advice – one that as a whole of market service selects from all available lenders and products.
Freelancer Financials are leading contractor mortgage brokers based in London. Our efficiency, reliability and integrity has, quickly established us within the contractor marketplace as a name to trust. We pride ourselves on providing a fast and efficient service for all our clients.
With our fast and efficient professional service, we can quickly find the best mortgage deal suited to your circumstances.
Whether it’s a “decision in principle” because you haven’t yet found your dream home, but need to know what you can potentially borrow, or fast action to source the right mortgage deal because things are happening quickly, we are there for you.
Our mortgage specialist and administration team are very experienced in working with third parties such as solicitors, solicitors, estate agents, etc to ensure your mortgage goes through without any delays.
If you need contractor mortgage advice you’ve definitely come to the right place!
You can Contact us Today on: 020 8421 7999 – Or request a Call back
We have secured hundreds of mortgages for contractors who know firsthand why we are the best and most reliable mortgage specialist in London. Read reviews and feedback from our existing contractor and freelancer clients.
May 15, 2013Freelancer Financials are delighted to announce a major expansion of the contract based mortgage underwriting criteria by one of [...]
February 4, 2013Freelancer Financials is urging all contractors to consider reviewing their mortgage arrangements in the wake of a number of recent [...]
January 23, 2013Furness Building Society launch new exclusive mortgage for contractors Freelancer Financials are delighted to announce that they have access to [...]
"We have been introducing Contractors and Freelancers to Freelancer Financials for several years now. They have established themselves as the preferred choice of financial advisors to all our IT contractors and Freelancers."
Bernie Potton SQ Computer Personnel (largest independent IT Recruitment Agency in the UK)
"John Yerou and his team provided the brokerage service for my last 3 mortgages and I cannot rate them highly enough. No matter how large or small the request they always provide a speedy and professional response. I would never consider using another advisor/broker."
Roz Clifford… Freelancer
"Finding a Financial Advisor who’s professional and knowledgeable is a bonus but one that you trust and feel comfortable with immediately is rarer still. I have recommended John to virtually all the other IT Contractors that I work with and will continue to use their services in the future."
Jakub Baluch... IT Contractor
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED AGAINST IT.
Freelancer Financials is the Trading name of Mortgage Quest Ltd. Mortgage Quest Ltd is authorised and regulated by the Financial Services Authority (FSA). Our FSA register number is 312484. You can check this on the FSA's website www.fsa.gov.uk/register or contacting the FSA on 0845 606 1234. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily restricted to consumers based in the UK.
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Consumer Credit License (CCL): 562464 | Registered Office: Avondale House, 262 Uxbridge Road, Hatch End, Pinner, Middlesex, HA5 4HS