Halifax won't give mortgage due to IR35 and contract wording

[lumper]

How did they do it?

Congratulations to Freelancer Finacials in pulling this off. After many months of agonising frustration and umteen emails and protracted liasing, Halifax came through with a offer this minute !!! FLF certianly tried their best and can be recommended as a good broker.

so how did they get around the 5 day problem? I have the same issue, agency won't confirm 5 day working week and underwriter at Halifax say they need this!! Help!!

[northernladuk]

so how did they get around the 5 day problem? I have the same issue, agency won't confirm 5 day working week and underwriter at Halifax say they need this!! Help!!

Have you spoken to Freelance Financials as they seemed to have pulled it off according to this thread?

[Freelancer Financials]

so how did they get around the 5 day problem? I have the same issue, agency won't confirm 5 day working week and underwriter at Halifax say they need this!! Help!!

It really does depend on the underwriter dealing with your application. In most cases this can be done by presenting your time sheets along with your business bank statements.

Halifax is definitely the best lender when it comes to contractors, however, if you're slightly outside their criteria e.g. contract doesn't state the number of days worked per week, then it reverts to manual underwriting which takes longer. It's definitely doable just delays the process whilst further evidence is used to confirm this.

[CloudWalker]

I've just secured a new gig but my contact dose not show my rate / hours , as the pimp says its is shown in the assignment note? Problem?

[Freelancer Financials]

I've just secured a new gig but my contact dose not show my rate / hours , as the pimp says its is shown in the assignment note? Problem?

As long as the details are in the assignment schedule that should be acceptable.

[CloudWalker]

As long as the details are in the assignment schedule that should be acceptable.

Great, I'll be in touch soon for a decision in principle