Oddball contractor (not me, but a close relative) & mortgages

[TykeMerc]

A close relative is going to need a contractor type mortgage (the banks consider him a contractor due to the way he works) very shortly, who are the contractor related brokers on CUK that people have used?

I need to make some serious enquiries and explore options.

[northernladuk]

I've used freelancer financials for three mortgages now. Ask for John or Ken. I've also phoned them a number of times asking questions that didn't end in any business for them but were still happy to help. Happy to recommend them.

[BrilloPad]

I've used freelancer financials for three mortgages now. Ask for John or Ken. I've also phoned them a number of times asking questions that didn't end in any business for them but were still happy to help. Happy to recommend them.

How much do they charge?

[fool]

I used ian @easystreet. co.uk. Was happy with the service. The cost was approx £300 per mortgage I believe, but I'd check that with them.

[BolshieBastard]

I just went to my bank (Yorkshire Bank) and said I wanted a flexible 'mortgage.' They gave me one after a quick 'interview' and looking over the company accounts.

There's lots of stuff you can do yourself without bothering with brokers.

[TykeMerc]

I just went to my bank (Yorkshire Bank) and said I wanted a flexible 'mortgage.' They gave me one after a quick 'interview' and looking over the company accounts.

There's lots of stuff you can do yourself without bothering with brokers.

Indeed and I have my own Mortgage with Yorkshire, but as I said it's not just a contractor product that's needed, it's a good bit more complex. I've put him in touch with a few of the recommended brokers.

[Mark McBurney@CMME]

I just went to my bank (Yorkshire Bank) and said I wanted a flexible 'mortgage.' They gave me one after a quick 'interview' and looking over the company accounts.

There's lots of stuff you can do yourself without bothering with brokers.

That's because you were (luckily) able to sort your mortgage on the basis of your trading accounts, so YBS assessed you as self-employed, rather than as a contractor.

For many that won't work as they're either borrowing more than their salary/dividends/net profit allows, or they haven't got the required 2/3 yrs of books.