The same competitive mortgage deals that are available to permanent employees are also available to Contractors.

All IT Contractors working in the UK, including those who have just started contracting can get the same competitive mortgages as permanent employees.

The key is choosing a competent mortgage broker to avoid the hassles of dealing with mortgage lenders and underwriters who are not familiar with the contracting market. An experienced mortgage broker can secure a competitive mortgage, easily and quickly, with as little fuss as possible.

We can arrange mortgages for IT contractors operating through different trading structures and payment mechanisms, including Limited company, Umbrella pay roll and EBT schemes.

Contractor Based Underwriting

There are currently very few mortgage specialists that cater specifically for IT Contractors in the UK. At Freelancer Financials we can present your mortgage application directly to underwriters to be assessed on your total contract earnings, including retained profits.

We have relationships with “High Street” banks that provide excellent mortgage rates that are simply based on a multiple of your annualised contract earnings (as much as 5 times your annualised contract income).

E.g. If you’re on a daily rate of say £450, you can potentially borrow as much as £540,000.

Click Here to find out how much you can borrow based on your contract rate.

For further reading on “contractor mortgages”, Please go to Contractor Mortgage Information

We are the preferred choice for contractors in the UK. Our mortgage consultants are more than happy to assist you in any way they can. If you wish to discuss your mortgage requirements with a one of our advisers, please send an e-mail to mortgages@freelancerfinancials.uk.com or contact us on 020 8421 7998

Are you fed up of being turned down by mortgage lenders who don’t understand the concept of freelance contracting? Tired of inexperienced mortgage brokers who haven’t got a clue how to present your earnings? We work with Lenders that offer the most competitive contractor mortgages that are based on a multiple of your annualised contract earnings. The same competitive mortgage deals that are available to permanent employees are also available to contractors.

We’re a dynamic company with a lot of experience who understands that your lives are busy and your time is precious. We appreciate and understand that you want a professional service with experts able to identify the contractor’s unique and often complicated requirements and the ability to deliver on them.

Click Here to find out how much you can borrow based on your contract rate.

These are some of the reasons why you should contact us:

• We do not charge a broker fee for our service!
• We use contractor base underwriting for assessing your contract earnings for lending purposes
• Up to 5 x Annualised Contract Income
• A minimum deposit of 10% required
• We have access to the whole of the mortgage market so you get the best possible mortgage deal

• We ensure that you secure a competitive contractor mortgage, easily and quickly, with as little fuss as possible.

• We will always keep you up to date on the progress of your mortgage application
• We provide you with a dedicated adviser who will be on hand to help you from start to finish

Contractor Mortgages tailored to your specific requirements:

Our clients range from IT Contractors, Engineers, Management Consultants, Accountants, Architects, Surveyors, Doctors, Medics and Teachers. We cater for all trading structures and payment mechanisms, irrespective of whether you operate through a limited company, umbrella or EBT scheme.

A wide range of mortgages to choose from

Based on your mortgage needs and circumstances, we can arrange a suitable mortgage tailored to your needs. There are many different options to suit your requirements, including fix rates, tracker rates, discount variable deals and flexible offset mortgages. If you would like to discuss your specific requirements and options with a one of our team, please send an e-mail to mortgages@freelancerfinancials.uk.com or contact us on 020 8421 7998.

If you’re interested in finding out more about the mortgage options available to you, simply fill in our enquiry form, and we will get back to you shortly.

Also, read our articles on mortgages for a UK contractor made easy in the post-crunch world.

Freelancer Financials are the preferred choice for contractors in the UK. Our mortgage consultants are more than happy to help you in any way they can.

Arranging a contractor mortgage can be a real struggle. There is still much prejudice within big name High Street Banks against contractors and self-employed IT Consultants, with all kinds of hurdles and demands often being placed in your way.

We’re not your standard mortgage brokerage firm, we’re very different. At Freelancer Financials, not only do we welcome contractors but are specialist in providing financial solutions to contractors and IT Consultants, including a wide range of services including; Contractor Mortgages, Contractor Pensions, Life Insurance, Income Protection and Private Medical.

Contractor Mortgages

We fully understand your needs and have an in-depth knowledge of the contracting market. We are very experienced in dealing with Contractors and the different ways in which you are remunerated, irrespective of whether you operate through a limited company, umbrella or EBT scheme.

We ensure that you secure a competitive contractor mortgage, easily and quickly, with as little fuss as possible.

Contractor Mortgages tailored to your specific requirements:

• Mortgage loans up to 4.75 times your annualised contract rate
• A Minimum deposit of 10% required
• Competitive rates from High Street lenders like Barclays and HBOS
• Offset mortgages at competitive rates, tailored to contractors needs
• Application directly packaged with senior underwriters
• Decision in Principle the same day

Contractor IFA Specialist and Mortgage Advisers

Let’s be clear, as a contractor, it is important to instruct an experienced specialist mortgage adviser to ensure your mortgage application is correctly packaged and presented to senior underwriters. Otherwise you risk having your application declined.

Many contractors that are referred to us have previously had their mortgage application declined because less experienced mortgage brokers have poorly packaged their mortgage application or presented their application to lenders who do not support contractor based underwriting.

Also check whether the mortgage firm is able to provide what is referred to as “whole of market” service, which means that they can advise you on and arrange a suitable mortgage from all the lenders and from all their product range.

A wide choice of contractor mortgages to select from

Based on your specific requirements and circumstances, we can arrange the most suitable contractor mortgage tailored to your needs. There are many different options to suit your requirements, including fix rate mortgages, tracker rates, discount variable deals and flexible offset style mortgages. If you would like to discuss your specific requirements and options with a one of our team, please send an e-mail to mortgages@freelancerfinancials.uk.com or contact us on 020 8421 7998.

If you’re interested in finding out more about the mortgage options available to you, simply fill in our enquiry form, and we will get back to you shortly.

Also, read our articles on mortgages for a UK contractor made easy in the post-crunch world.

Freelancer Financials are the preferred choice for thousands of contractors in the UK. Our mortgage specialists are more than happy to help in any way they can.

This will come as good news for contractors applying for Tracker Mortgages but bad news for contractors who have savings - the expectation is that we will be hearing much the same in the coming months and, if Ernst &Young is to be believed, potentially years.

Ernst & Young recently made a bold prediction that the Bank of England base rate will remain at 0.5% until the end of 2013.

There are a number of big name high street lenders that are contractor friendly offering competitive tracker rate mortgages. At Freelancer Financials 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 the mortgage using contract based underwriting that we’ve agreed with a number of high street lenders.

This enables us to arrange competitive tracker rate mortgages that are based simply on a multiple of your annualised contract income.  We make use of our special relationship with senior underwriters to directly package your mortgage application so that it is dealt with swiftly without delays.

We are also pleased to provide what is referred to as a ‘whole of market’ service, which means we can advise and arrange a suitable mortgage from all the lenders and from their complete range of mortgage products.

Mortgages for UK Contractors

Irrespective of whether you have your own limited company or work through a payroll umbrella company, we can secure mortgages based simply on a multiple of your annualised contract income.
The mortgage loan can be as much as 4-5 times annualised contract rate.

Click Here to find out how much you can borrow based on your contract rate.

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

Also, read our articles on mortgages for a UK contractor made easy in the post-crunch world.

Freelancer Financials are the preferred choice for thousands of contractors in the UK. Our mortgage specialists are more than happy to help in any way they can, so please do contact us on 020 8421 7998 or email us at mortgages@freelancerfinancials.uk.com

Contractors applying for a mortgage with Woolwich (Barclays) from August stand to benefit from Woolwich cutting rates and offering a “drop lock” facility to new clients.

Woolwich is cutting its interest rates on its 80% LTV mortgages by up to 0.21% and at the same time introducing a drop lock facility for all new mortgages for contractors.

The key reductions across the 80% Loan to value (LTV) range include a reduction of 0.21% on their two-year fixed rate from 4.59% to 4.38%, and a 0.10% reduction on their three and five-year fixed rates to 4.79% and 5.39%.

Contractors can also benefit from the introduction of a lifetime tracker rate mortgage at bank base rate plus 3.38% for 80% LTV.

The “drop lock” facility will be offered to all new contractors applying for a tracker and offset mortgage with Woolwich (Barclays).

The drop lock facility will allow contractors who opt for a tracker or offset mortgages to switch to a fixed rate in the future without incurring an early repayment charge.

The head of mortgages for Woolwich, says: “With speculation this week that UK interest rates are set to stay at record lows until 2014, the drop lock facility provides customers with peace of mind that they can go into a low tracker rate now and switch at a point in the future when they need greater security.” This is excellent news for contractors and freelancers looking to take advantage of the low Bank of England base rate, currently at 0.5%.

All fixed rate mortgages revert to a lifetime tracker rate at base plus 2.49% after the fixed rate period.

Unlike many of the other big name high street lenders like, HSBC, ING Direct, Abbey, First Direct, etc… Woolwich (Barclays) are contractor friendly. Fortunately, over the past few years a number of specialist “contractor mortgage brokers” like ourselves have put in a huge amount of effort to negotiate bespoke income underwriting policy with senior underwriters at Woolwich. This enables us to secure competitive mortgages that are based simply on a multiple of your contract rate alone.  We make use of our special relationship with senior underwriters to directly package your mortgage application so that your full earnings potential is taken into account, including retained profits.

Contractor Mortgages

Irrespective of whether you have your own limited company or work through a payroll umbrella company, we can secure mortgages based simply on a multiple of your annualised contract income.
The mortgage loan can be as much as 4-5 times annualised contract rate.

Click Here to find out how much you can borrow based on your daily rate.

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

Also, read our articles on mortgages for a UK contractor made easy in the post-crunch world.

Freelancer Financials are the preferred choice for thousands of contractors in the UK. Our mortgage specialists are more than happy to help in any way they can, so please do contact us on 020 8421 7998 or email us at mortgages@freelancerfinancials.uk.com

Many contractors are finding it hard to secure a mortgage from a number of the High Street lenders such as HSBC, Abbey, First Direct, ING Direct, Natwest and Lloyds TSB. This is mainly because their branch staff or call centre staff don’t understand how contractors and freelancers work.

In most cases you will end up trying to explain to some inexperienced young spotty clerk over the counter that you’re an IT Contractor with your own limited company on a daily contract rate of £400, grossing an annualised contract income of around £96,000. I guarantee that 99% of branch clerks or call centre staff won’t grasp any of that. They simply don’t get it! A number of lenders used to offer bespoke mortgages for contractors, Abbey for instance, but since the credit crisis have tightened their lending policy like many other lenders.

Specialist mortgage brokers

Fortunately, over the past few years a number of specialist mortgage brokers like ourselves have put in a huge amount of effort to negotiate special income underwriting policy with a number of the big High street lenders. This enables us to secure competitive mortgages that are based simply on a multiple of your contract rate alone.  We make use of our special relationship with senior underwriters to directly package your mortgage application so that your full earnings potential is taken into account, including retained profits. The mortgage loan can be as much as 4-5 times annualised contract rate.

As a contractor, it is important to appoint an experienced specialist mortgage adviser that has an in-depth knowledge and understanding of the contractor market. Also check whether that the mortgage firm is able to provide what is referred to as “whole of market” service, which means they can advise you on and arrange a suitable mortgage from all the lenders and from all their product range.

Freelancer Financials are specialist in offering contractor mortgages based on contract rate alone - provided by high street lenders who understand the working arrangements of contractors. Regardless of whether you have your own limited company or work through a payroll umbrella company, Freelancer Financials can secure a Contractor Mortgage based simply on a multiple of your contract rate.

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

Also, read our articles on mortgages for a UK contractor made easy in the post-crunch world.

Freelancer Financials are the preferred choice for thousands of contractors in the UK. Our mortgage specialists are more than happy to help in any way they can, so please do contact us on 020 8421 7998 or email us at mortgages@freelancerfinancials.uk.com

Freelancer Financials are leading UK Mortgage brokers specialising in mortgage solutions for contractors. We can help you avoid the disappointment of having your mortgage declined as we work with high street lenders that understand the unique circumstances in which you operate.

Click Here to find out how much you can borrow based on your daily rate.

• Mortgages based on Contract Rate alone

• We are very experienced in dealing with Contractors and understanding the different ways in which contractors work (limited company, umbrella, EBT etc)

• We can secure mortgages using bespoke contract based underwritingthat we’ve negotiated with a number of high street lenders

• We also bypass the inexperienced branch and call centre staff to speak directly to the key decision makers within major lenders to ensure that your application is processed quickly and without hassle.

• We are Independent Financial Advisers who are directly regulated and authorised by the Financial Services Authority.

• Avoid the more expensive self-certified mortgages route.

• Streamline service via phone, email and post. This saves you the hassle of face to face meetings and also helps speed up the application process.

Click Here to find out if you can remortgage as a contractor?

Freelancer Financials are the preferred choice for thousands of contractors in the UK. Our mortgage specialists are more than happy to help in any way they can, so please do contact us on 020 8421 7998 or email us at mortgages@freelancerfinancials.uk.com

Contractor Mortgages

Contractor Mortgage interest rates could stay on hold until the end of 2013. Leading economist Ernest & Young predicts that Bank of England base rate will be kept on hold at 0.5% until 2014. Excellent news for contractors seeking out BoE base rate tracker mortgages.

They state that high energy prices and increases in the VAT will keep CPI inflation above target over the next 18 months, but it will then move well below 2% as these effects wear off and spare capacity bears down on pricing decisions and wage bargaining.

To prevent CPI inflation moving below Ernst & Young say it will be necessary to keep the Bank base rate low at 0.5% for much longer than the markets have anticipated.

Peter Spencer, chief economic advisor to the Ernst & Young ITEM Club, says: “A base rate of 0.5% will begin to look like the new normal.”

A number of contractor friendly lenders like Woolwich (Barclays) are offering attractive base rate tracker mortgages through contractor mortgage specialist like us. Irrespective of whether you are operating through a limited company or working under an umbrella company, we can secure a Contractor Mortgage based simply on a multiple of your contract rate alone.

We also bypass the usual bank branch and call centre staff to present your mortgage application directly to senior underwriters ensuring that your mortgage application is processed quickly and without hassle.

At Freelancer Financials our mortgage advisors are more than happy to help in any way they can, so please do contact us on 020 8421 7998 or email us at mortgages@freelancerfinancials.uk.com

Contractor Mortgages

We are constantly approached by contractors seeking help because their mortgage application with HSBC was declined due to their contractor status.

Most contractors will naturally Google “best low rate mortgages” and more often than not will find HSBC Bank, First Direct and ING leading the tables.

Many contractors are frustrated with High street banks like HSBC, First Direct and ING who obtain an “Agreement in Principle” only to be informed that their application was turned down after reaching an underwriter because it is “out of criteria”.

Many of these high street lenders offering “best low rate” mortgage deals such as HSBC have a one dimensional view of what can qualify as relevant earnings for lending purposes. They have also tended to have a bias towards permanent employment as they view this type of borrower as less of a risk.

A number of contractors have been also let down by non specialist mortgage advisers who have applied to the wrong lender or incorrectly packaged the application. What many contractors don’t realise is that each failed application can leave a footprint on your credit record.

Have you considered Contractor Mortgages?

Over the past few years we have put in a huge amount of effort to negotiate special income underwriting criteria with a number of the big High street lenders that is based simply on a multiple of your contract rate alone.

Irrespective of whether you are self-employed through a Limited Company or utilising an Umbrella Company, we can secure competitive mortgages from High Street Banks that accept the gross value of your contract as evidence of income.

Contractor Mortgages are not new, a small number of “contractor mortgage specialists like us have been presenting mortgage applications on behalf of contractors for years. At Freelancer Financials we are also pleased to provide contractors with a ‘whole of market’ service, which means we can advise you on and arrange a suitable mortgage from all the lenders and from their entire product range.

We also bypass bank branches and call centre staff to present your mortgage application directly to senior underwriters ensuring that your mortgage application is processed quickly and without hassle.

At Freelancer Financials our mortgage specialist are more than happy to help in any way they can, so please do contact us on 020 8421 7998 or email us at mortgages@freelancerfinancials.uk.com

Contractor Mortgage