Author name: ContRacto@usesr

The Bank of England has today refrained from implementing an interest rate cut, as expected inflation has been reported to remain above the target of 2 percent. The majority of economists believed that the members of the Monetary Policy Committee would maintain the current interest rate at 5 Bank of England Governor Andrew Bailey indicated […]

Are you interested in the possibility of obtaining a mortgage as a contractor? Your eligibility for a contractor mortgage will be determined by if you meet the lender’s requirements.   We will outline the necessary contractor mortgage criteria that impact your eligibility and offer guidance to assist you in navigating through the process below.  

The Bank of England has today finally implemented a reduction in interest rates……. The first time in four years, as inflation remains stable at its targeted two percent for two consecutive months.   The Bank Rate has been adjusted to five percent, marking a decrease of 0.25 percentage points. The last rate moment was in

You spend months looking for the perfect property in the right location, you make your offer which is accepted and you start mortgage process. It should be as easy at that shouldn’t it? Wrong…… More and more contractors are reporting to us they have been gazumped.   Gazumping occurs when a buyer’s offer on a

In preparation for the upcoming general election on 4 July, it is crucial for voters to be well-informed about the housing and mortgage policies proposed by each political party.   The issue of housing, including mortgages, has taken centre stage in the election campaigns as homeowners have faced challenges due to high house prices, soaring

Many Contractors contact us looking to raise additional funds. In a number of cases the mortgage was originally secured when they were permanently employed and the current lender has shown no appetite to assist now they are contracting. In this situation they have 2 choices, remortgage the whole mortgage away to a new lender (taking

Are you a contractor looking to purchase an investment property?   Many contractors utilise a property portfolio as part of their retirement plan. In today’s blog, we will explore the concept of a Buy-to-Let Mortgage (BTL).   This type of financing enables contractors to acquire property with the specific intention of renting it out.  

Last week the Bank of England announced I had maintained the interest rates at 5.25% for the seventh consecutive time. In May, UK inflation reached the Bank’s target of 2%; however, it is anticipated that rates will remain unchanged until the Bank is assured of the stability of price increases.   Consequently, analysts speculate that

Despite experiencing a noteworthy development on Wednesday morning, with headline inflation reaching the Bank of England’s targeted 2% for the first time in almost three years, the Bank of England today decided to hold interest rates at 5.25%.   The decision does not come as much of a surprise as prior to the announcement, traders

Individuals who are in the process of purchasing a home or refinancing their mortgage are currently faced with a challenging decision regarding the duration of their fixed mortgage rate.   In the previous year, the majority of borrowers chose to fix their rates for a period of two years. This decision was based on the