Author name: ContRacto@usesr

Remortgage FAQ's - All you need to know.

Remortgage FAQ’s – All you need to know.

Are you interested in gaining a comprehensive understanding of the remortgage process in order to avoid incurring higher interest rates once your current agreement expires? Alternatively, perhaps you are contemplating the possibility of remortgaging your property to finance the purchase of another property or to undertake home improvements. The remortgage process can be quite daunting, […]

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Whats the legal process when remortgaging to a new lender

Whats the legal process when remortgaging to a new lender

When engaging in the process of remortgaging, it is important to understand the legal aspect known as conveyancing. This entails the involvement of a conveyancer or solicitor who will handle the necessary tasks. While the process is generally simpler compared to buying or selling a property, it still involves several crucial steps that typically take

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Checklist

Why use a specialist contractor mortgage broker?

Are you a contractor looking to buy a home or remortgage? If so, you may have encountered some challenges when it comes to securing a mortgage. Traditional lenders have strict requirements for income verification, making it difficult for contractors to evidence income. That’s where a contractor mortgage broker comes in. In this article, we’ll explore

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Independent

Understanding Contractor Mortgages: A Guide

In simple terms, a contractor mortgage is a mortgage application that follows a different assessment process compared to standard PAYE (permanent) or self-employed applications. Most lenders tend to categorise applicants as either permanent employees or self-employed individuals, which can pose challenges for contractors. Contractors often face difficulties in proving their income, especially when they receive

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Exploring Contractor Mortgage Options with Leading Lenders

Exploring Contractor Mortgage Options with Leading Lenders

In todays blog we will cover one of the most frequently  asked questions at MyContractorBroker. “Which lenders offer contractor mortgages” If you had have asked this question 10 years ago, it would have been a very brief response but today, most major High Street Lenders in the UK, including renowned institutions like Halifax, Barclays, NatWest,

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Debunking Contractor Mortgage Myths

Debunking Contractor Mortgage Myths

Whether you’re new to contracting or a seasoned professional, you may have encountered various misconceptions about obtaining a mortgage. Mortgage underwriting has evolved significantly in recent years, and while there are still instances where funding might be challenging, more and more contractors now have access to competitive lending options. MyContractorBroker has decided to dispel some

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