Contractor Mortgage Specialist We offer competitive prime rate mortgages based on your contract rate alone
Freelancer Financials are Contractor Mortgage Specialists with access to tailored mortgages for contractors.
We have quickly established a reputation in the Contractor Market place as the leading Contractor Mortgage Specialist, by consistently providing a speedy, straightforward service to contractors.
Does this sound familiar
Why go to a mortgage specialist when you can nowadays go direct? Talk to any contractor about mortgages and most will grind their teeth at the thought of having to negotiate with their bank and trying to explain to some “young graduate” how most UK contractors are paid through their own companies. Many contractors will have tried applying for a mortgage online and most likely received an agreement in principal, only to be rejected further down the line when the mortgage underwriter has realised that the applicant is not a permanent employee.
Problems are usually compounded when the banks has asked to see the company accounts which obviously don’t reflect what the Contractor actually earns. That is where Freelancer Financials can help you.
Bespoke contractor based underwriting from High street lenders
We have the experience to ensure every mortgage is correctly tailored for a contractor’s needs and circumstances. We are aware that in the past many contractors have struggled to arrange mortgages, due to the perception on the part of lenders that those on short-term contracts represent a higher risk on serviceability of a loan because their incomes are difficult to assess. As a result of this we have negotiated special underwriting terms with many ‘High Street’ lenders and therefore can obtain a ‘Prime Rate’ mortgages based simply on a multiple of the contract rate alone. In essence due to their relationships with lenders you are treated the same as a permanent employee. The policy at Freelancer Financials is to avoid where possible the more expensive self certified mortgages.
Choosing a specialist mortgage broker
Choosing a good mortgage broker is essential in today’s current financial climate. A specialist contractor mortgage broker can save you the hassle of dealing directly with high street lenders who are unfamiliar with the contracting market. This is increasingly important in the current financial climate as lenders are tightening lending criteria and this trend is predicted to continue with the scheduled introduction of increased regulation.
Most freelance contractors are busy people and their time is money. Choosing a mortgage is never a simple decision and for a contractor it can be even harder. Inexperienced bank branch staff are often unfamiliar with the contracting market and this can often complicate and prolong the mortgage application and even lead to its failure.
Over the years we have built up a number of special relationships within the major High Street banks who understand how contractors operate and pay themselves; and can therefore obtain you the same competitive mortgage rates as normal employees. We are contractor mortgage specialists that have the expertise, experience and contacts to smooth the path to you obtaining a mortgage offer without encountering the normal rebuttals and heartache normally associated with arranging a mortgage.
Mortgages tailored for you
We will find the best mortgage provider for you, one who will make you a mortgage offer based on your contractor rate (up to 4-5 times annualised contractor rate) and will not require 2-3 years accounts.
We cater for all trading structures and payment mechanisms, including Offshore Tax Efficient payment structures. Our clients range from Limited Company directors to contractors with their own limited company, as well as operating through umbrella companies and EBT schemes.
Contractors should not settle for self-employed mortgages with expensive charges and high interest rates. Avoid brokers and lenders who place restrictions on contractors because they are not prepared to assess you on your annualised contract rate.
Testimonials
"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
