Get to know how mortgages work for contractors, the cover they need and how we work with underwriters to secure mortgage funds using day rates!
Posted by John Yerou on October 7th, 2015
To understand contractor mortgages, you first have to understand contracting. That may, and should, sound obvious.
But 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?
Posted by John Yerou on January 30th, 2015
As a contractor, you may think that your contract is watertight. You’re wrong. According to HMRC:
“There’s no such thing as an IR35-proof contract”
Can’t argue with that. We can, however, be proactive and find ways to prove that we’re not a disguised employee.
Continue reading about Why should I take an IR35 test?
Posted by John Yerou on July 2nd, 2014
Before applying for a mortgage directly to a bank, we advise contractors speak first to a financial adviser. True, we are independent financial advisers who specialise in helping freelancers and contractors. So, we’d forgive you for thinking: “You would say, that, wouldn’t you?”
But rest assured, we recommend caution when approaching High Street banks for a mortgage for good reason. Based on years of experience, we can confirm with certainty two things:
Continue reading about How do I find a contractor-friendly mortgage lender?
Posted by John Yerou on July 25th, 2012
It’s an age old conundrum for contractors. Just how do you provide valuable life cover and financial security for your family in a tax efficient manner?
A revolutionary product has brought life cover into the 21st Century for small business owners. It’s called a Relevant Life Plan and could be the answer you’ve been looking for if you work through your own limited company.
Continue reading about Relevant Life Cover for Contractors – stick it on expenses!
Posted by John Yerou on November 30th, 2009
So many contractors and freelancers overlook Income Protection it’s frightening. Yet it can provide a tax-free monthly income to uphold your current lifestyle if you’re unable to work due to illness or injury.
There are two reasons that independent professionals don’t, but should, cover themselves. First, there’s a short answer; then, a long one.
Here’s the short version of why it’s imperative all self-employed people have income protection.
Continue reading about Income protection for contractors isn’t a luxury, it’s essential!
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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
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
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)