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, […]
Remortgage FAQ’s – All you need to know. Read More »
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
Whats the legal process when remortgaging to a new lender Read More »
Remortgaging, or switching your mortgage to a new lender, can be a smart financial move. It can help you save money on your monthly payments, reduce your interest rate, or even release equity from your home. But when is the best time to remortgage? In this article, we’ll explore the factors that can affect the
When is the best time to remortgage? Read More »
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
Why use a specialist contractor mortgage broker? Read More »
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
Understanding Contractor Mortgages: A Guide Read More »
Are you looking to remortgage? Here are My Contractor Brokers top tips to ensure you get the most out of the process. 1. Ask yourself why you need to remortgage If you find yourself dissatisfied with your current mortgage deal, it may be worth considering remortgaging for a variety of reasons. One of
Looking to Remortgage? Here’s our top tips: Read More »
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
A Guide to Contractor Mortgages Read More »
If you’re considering investing in a rental property, you may have come across the term “BTL mortgages”. But what exactly are BTL mortgages, and how do they work? In this article, we’ll break down the basics of BTL mortgages and help you understand if they are the right option for your investment goals. What is
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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,
Exploring Contractor Mortgage Options with Leading Lenders Read More »
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
Debunking Contractor Mortgage Myths Read More »
Your property may be repossessed if you do not keep up repayments on your mortgage. My Contractor Broker is a trading name of Harrier Consulting Southern Ltd which is authorised and regulated by the Financial Conduct Authority (FCA reg. 1003892). Registered in England No. 15040182. Registered Office: 5 Harrier Close, Waterlooville, Hampshire PO8 9BZ. Please be aware that Commercial Mortgages, Overseas Mortgages and some Buy To Let Mortgages are not regulated by the Financial Conduct Authority. Calls may be recorded for training and security purposes and to improve the quality of our services.