Guides

Identifying and Avoiding Mortgage Scams: A Contractors Guide   Scammers are a pervasive presence, particularly in the realm of home-buying where high-value transactions take place. It is crucial for contractor homebuyers and those seeking contractor remortgage to remain vigilant and recognise the signs of fraudulent practices. Find Out How Much You Could Borrow To assist […]

Taking out a mortgage is a significant long-term commitment, but it is important to periodically review your mortgage product throughout the term. As a contractor, it can be a little trickier when it comes to remortgaging and therefore it is always advisable to engage with a specialist contractor mortgage broker.   A common question that

One of the most common questions we get asked is “Can I get a mortgage if I work as a contractor?”. In most cases, the answer is yes……….. Firstly, what is a contractor mortgage? A Contractor Mortgage refers to a specific type of mortgage designed for contractors and contract workers. It is suitable for individuals

Have you recently experienced the disappointment of having your contractor mortgage application declined? It’s a frustrating situation that many contractors find themselves in when they approach lenders directly.   The truth is that lenders often lack a comprehensive understanding of the innovative ways in which contractors are paid and the stability of their income. As

When going through a divorce, it is important to understand how your mortgage will be handled. Navigating the complexities of divorce can be overwhelming, especially when it comes to handling your financial obligations. In this article, we will provide you with comprehensive information on mortgages and divorce, equipping you with the knowledge you need to

So you are looking to take your first steps onto the property ladder as a contractor.  We understand that this can be a daunting process, but don’t worry, we’re here to guide you every step of the way. In this article we have outlined the main steps involved: Saving up a deposit The first thing

Understanding the process of remortgaging as a contractor can alleviate any apprehension you may have, particularly if it’s your first time since moving into a contract role. In this guide, we will delve into the details of what remortgaging entails, why you should consider it, when the ideal time to remortgage is, and how to

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

What is a Contractor?   While employees are obliged to complete tasks set by their employer, contractors can choose to accept or decline work. They will be obliged to complete the work if they accept a contract. Once a contract is complete, if the client offers more work, the contractor can take on the additional