Mortgage Blog

Can I get a mortgage on a fixed term or zero hours contract

Posted by John Yerou on March 29th, 2017 in Mortgage Blog

Can fixed term contract employees get contractor mortgages?

At Freelancer Financials, we’re used to people using us as a last resort. Mention any other type of employment contract to a lender than ‘permanent’, and, well. It’s as if a Dementor has sucked all the joy from your advisor’s world. Then, as a consequence, yours.

Let’s make no bones: our main client profile is that of the professional contractor. They often work through agencies and pay themselves through a limited company structure.

But there is another type of contract that’s becoming evermore popular. It’s sort of a mix between permanent employment and professional contracting.

Continue reading about  Can I get a mortgage on a fixed term or zero hours contract

Does Santander Do Contractor Mortgages?

Posted by John Yerou on December 5th, 2016 in Mortgage Blog

SantanderSantander might be a great mortgage lender for permies on a PAYE salary. But for a contractor looking for a mortgage based on their gross contract rate or net profits? Then Santander is not the ideal bank for you…
…at least not if you want to buy a home that matches your earning capacity.

It can get complicated. Technically, a contractor could get a mortgage with Santander. And with the resources it has, you’d think the bank would be a safe bet:

Continue reading about  Does Santander Do Contractor Mortgages?

Chelsea Building Society – a no-no for genuine contractor mortgages

Posted by John Yerou on December 5th, 2016 in Mortgage Blog

Chelsea Building SocietyKnowing where you stand with Chelsea Building Society is somewhat unclear. As a contractor today, the building society’s lending criteria is far from straightforward. As for the Chelsea brand itself, that too has been difficult to pinpoint since the credit crunch.

The reason for writing at all about Chelsea Building Society is to forewarn contractors. The only time we ever come into contact with them is by way of complaint. Here’s why.

Continue reading about  Chelsea Building Society – a no-no for genuine contractor mortgages

Clock ticks down towards Osborne’s legacy landlord tax. Are you ready?

Posted by John Yerou on November 29th, 2016 in Mortgage Blog

Rent property tax insuranceBuy-to-let mortgages have been a useful tool for contractors over the years. The rental income ensures continuity of cash flow when they’re not working. When they are contracting, that same income is a great way to shore up their pension.

Continue reading about  Clock ticks down towards Osborne’s legacy landlord tax. Are you ready?

Buying a New Build property – 10 Top Tips for Contractors

Posted by John Yerou on November 21st, 2016 in Mortgage Blog

New Home Key Shows Moving Into HouseBuying a home as a contractor can be an exhilarating trip. Even more so when that home is a new-build property.

There’s excitement, expectation and, of course, dread. You’ll be the first person to ever live under that roof, more often than not*.

Continue reading about  Buying a New Build property – 10 Top Tips for Contractors

It’s a prime time for contractors to remortgage off their SVR

Posted by John Yerou on June 24th, 2016 in Mortgage Blog

British-poundsWe know that homeowners remortgage for many reasons. They may want to:

  • save money switching to a new introductory offer;
  • release equity for home improvements, travel or major life event;
  • reduce the term of their mortgage with a new deal.

Continue reading about  It’s a prime time for contractors to remortgage off their SVR

Renaissance amongst lenders, but is it too little too late?

Posted by John Yerou on November 23rd, 2015 in Mortgage Blog

Mortgage LendersReading the news last week was heartening for contractors in one respect. There are more new mortgage lenders prepared to work off day rates than ever before.

The bad news? National headlines in the Guardian and Mail Online made dire reading. They reported that Chancellor Osborne is gunning for contractors yet again.

Continue reading about  Renaissance amongst lenders, but is it too little too late?

What are contractor mortgages?

Posted by John Yerou on October 7th, 2015 in Featured Articles, Mortgage Blog

Contractor Mortgage Keyboard ButtonBut it would surprise you how few mainstream lenders ‘get’ contractor payment structures. Or it definitely seems to you that they’re ignorant at branch and call centre level.

The good news is that, if you’re a contractor looking for a mortgage, we can help.

Continue reading about  What are contractor mortgages?

Halifax slashes mortgage rates for first time buyer contractors

Posted by John Yerou on September 18th, 2015 in Mortgage Blog

HalifaxFor a limited time, first-time homebuyers with at least a 10% deposit can fix 2.94% for two years. This is nothing short of an absolute bargain.

The new 2-yr fixed interest rate represents a cut of 0.45% off its previous 3.39% deal. In mortgage terms, that’s a substantial reduction or should I say ‘saving’, for borrowers.

Continue reading about  Halifax slashes mortgage rates for first time buyer contractors

check-out
Close

Thanks for your enquiry,
we’ll be in touch soon!

020 8421 7999
Request a Call Back
Do NOT follow this link or you will be banned from the site!

Incorporated in England & Wales. Company Registration Number: 5013239 | Data Protection Act Registration: Z9469673

Consumer Credit License (CCL): 562464 | Registered Office: Avondale House, 262 Uxbridge Road, Hatch End, Pinner, Middlesex, HA5 4HS

+13
Tweet
Share33
Share161
Stumble358
Shares 555