Are you an IT Contractor struggling to get a mortgage?
Have you had a mortgage application declined for any of the following reasons?
- You have less than three years accounts
- You have been self-employed for less than 2-years
- You’ve been contracting for less than 6 months
- Your accounts don’t reflect your contract income because you pay yourself a low salary and the rest in dividend
- Your company retained profits are not taken into account when assessing your affordability
- You’re an IT Contractor and therefore considered to be a greater risk
- You have less than 12 months to go on your contract
If you have, don’t despair, the contractor mortgage advisers at Freelancer Financials can secure your a competitive IT contractor mortgage based on your contract rate alone.
High Street Banks lack the experience understanding contractors
Due to the tightening of lending criteria by financial institutions we are receiving more calls from IT contractors experiencing problems getting a mortgage. Many contractors and freelancers are having their mortgage applications declined by high street banks because of the reasons highlighted above. By the time contractors have got in contact with us they are left feeling depressed and hopeless, making claims that lenders are treating them like second class citizens.
Dealing with a snotty little clerk or talking to someone in a call centre and trying to explain that your earnings should not just be based on your declared salary can be frustrating; especially when successfully buying your future home is based on the decision being made by someone who doesn’t understand the tax efficient manner in which you are paying yourself.
As an IT contractor applying for a mortgage, you don’t have to put up with the embarrassing situation of having your mortgage application rejected by a bank clerk who clearly doesn’t understand the contractor’s world or have the financial acumen to understand the make-up of your contract income. At Freelancer Financials, we have the experience and expertise to be able to arrange mortgages for most IT contractors without too much of a problem.
Mortgages for IT Contractors by Specialist Mortgage Brokers
At Freelancer Financials we can arrange competitive mortgages that are based on your contract rates alone. We work closely with senior underwriters who completely understand the way you work. All we need from you is a copy of your CV and most recent contract and we do the rest!
How Can I Get A Contractor Mortgage?
Talk to Freelancer Financials, who are specialists in the field of providing mortgage advice to contractors.
For more information you can also read our overview of contractor mortgages
For a mortgage quote please contact our contractor mortgage specialist John Yerou on 020 8421 7999 or request a Call Back
