Contractor Mortgages

At last! You too can access the best mortgage deals on the market….even without accounts!

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”

Documents required by the underwriters

• A copy of your latest contract confirming your contract rate
• A copy of your updated CV
• 3 months bank statements confirming your contract earnings

It really is that simple……

Mortgages tailored to your specific Requirements

Freelancer Financials are specialists in advising and arranging mortgages for contractors and freelancers. Our clients range from IT Programmers, Business Analyst, Engineers, Telecom consultants, Management Consultants, Operational Risk Management, Change Management, Marketing Consultants, Accountants, Actuaries, Architects, Surveyors, Oil & Gas, Doctors, Medics and Teachers.

Historically lenders have penalised Freelancers when it comes to sourcing a mortgage. Bank branch staff struggle to understand the Freelancer’s world. Many contractors referred to us have been let down by non-specialist brokers who have approached the wrong lender or poorly packaged the application.

“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.

Specialist in arranging mortgages for contractors

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.

Why Choose Freelancer Financials?

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, umbrella, EBT etc) and ensure we can secure a mortgage using bespoke contract based underwriting that we’ve negotiated with a number of high street lenders.

At Freelancer Financials we offer a clear and impartial service to bypass the frustration of being rejected by lenders with an out-of-date bias towards permanent employment. We can secure the most competitive mortgages regardless of how your daily rate is paid to you. We appreciate that for tax reasons many contractors will draw a minimum salary and also restrict dividend drawings from their company to avoid higher rate personal tax.

Whole of market mortgage specialist

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.

Whether you’re a first time buyer or “trading up” to a house that reflects your life style or even looking to buy a second property for rental returns and medium to long term investment growth, or simply looking to save substantial amounts of money each month on your existing loan by remortgaging – we are here to help.

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.

Need a Mortgage Fast?

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 a long list of happy customers!

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.