Contractor Mortgages
Historically lenders have penalised contractors when it comes to sourcing a mortgage. Bank branch staff struggle to understand the contractor's world. Many contractors referred to us have been let down by non-specialised brokers who have approached the wrong lender or poorly packaged the application.
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Financials we offer a clear and impartial service to bypass the frustration of being rejected by lenders with an out-of-date bias towards permanent employment.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.
"Freelancer Financials are ideally placed to offer a fully comprehensive service because we have our own qualified tax experts who specialise in dealings with freelancers."
Most lenders have a simplistic view of what qualifies as relevant earnings for lending purposes. In contrast, by making use of extensive expertise and contacts developed with lenders and mortgage networks 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.
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 via a combination of sophisticated technology and human expertise - 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.
Please Note: Financial advice on these pages is provided by Freelancer Financials, who is a trading name of Mortgage Quest Ltd and is regulated and authorised by the Financial Services Authority.
Click here for our Client Agreement which should be read. Click here for a copy of our Initial Disclosure Document (IDD).
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED AGAINST IT. BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL SERVICES AUTHORITY.
