IT Contractor Mortgages We are experts in finding Mortgages for IT Contractors.
Let us find the perfect mortgage!
Freelancer Financials have been negotiating and arranging the bespoke underwriting of mortgages for IT contractors for several years. We know and understand the problems that IT contractors have fitting into the inflexible mould created by the banks and financial institutions. Over the years, we have established many special relationships at senior management level within numerous high street lenders. As a result, arranging a mortgage for a contractor has become almost second nature to us
It is too easy to walk into a high street bank, building society or mortgage brokerage as an IT contractor and be promised the earth, only to be let down later.
There is rarely a day goes by that we don’t get a phone call from an IT contractor who is having a problem getting a mortgage and had several mortgage applications rejected by the high street banks. Many contractors often feel thoroughly dejected and claim that the lenders they have spoken to have treated them almost like second class citizens.
The trouble with most “high street” lenders is that, they have a narrow view of what can be treated as allowable earnings for mortgage purposes. Most high street lenders will want to see three years of accounts for your business, to ensure that your revenue stream is regular and not erratic.
There are obviously a lot of websites who claim to be IT contractor Mortgage specialists along with arranging mortgages for building contractors and a variety of other trades. Obviously this does not make them specialists at all and many of our clients whom we have successfully arranged mortgages had wasted their time using these companies before coming to us.
We have access to “Whole of Market” Mortgages for IT Contractors.
You may be a first time buyer or hoping to move up the property ladder. You may be looking to purchase a second property for investment purposes to generate additional income. Whichever scenario fits your circumstances, it is vital that you use a mortgage broker who understands how to package a mortgage application for an IT contractor and who has the contacts within the major high street banks who know and understand how IT contractors’ incomes are generated.
At Last! – Help is at hand
At Freelancer Financials we are keen to demonstrate to IT Contractors that you can easily obtain the same ‘prime rate’ mortgages as a permanent employee. By making use of the extensive expertise and contacts developed with lenders we are able to directly present your application to senior underwriters so that your full earnings potential is taken into account, irrespective of what type of payment structure you utilise (Limited Company, Umbrella Payroll or tax efficient offshore structure. We ensure that interest rates are competitive and work with lenders who are willing to assess IT Contractors affordability from a generous multiple of up to 4.5 times your annualised contract earnings.
What documentation will you need to submit?
- A copy of your contract and assignment schedule confirming your contract rate
- A copy of your latest CV confirming your IT employment history
- Proof of ID and Address
The next step…
Please contact us on 0208 421 7999 to discuss with an adviser the best mortgage available to you. Alternatively, Please complete one of our online quotation forms with your details and an adviser will be in touch shortly.
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
