Contractor mortgage Contractor mortgage
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  1. #1

    Still gathering requirements...

    someone has my name has no reputation


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    Lightbulb Contractor mortgage

    Not sure if this has been done before or not, but
    My mortgage deal runs out in December,
    And it can be a pain trawling through the
    Banks/ Building societies and advisors looking for a new one
    ( Esp as they done all seem to know who a contractor's Finances work)
    so is there any good specialist companies out there that have good competitive rates?

  2. #2

    Lord of the Vectras

    VectraMan - scorchio!

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    Northern Rock do.

  3. #3

    Contractor Among Contractors

    Swiss Tony has no reputation

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    Firstly see an Independent Mortgage advisor, the ones I have working with me have access to over 27,000 mortgages, allot more than the web sites out there. A re-mortgage should be very straight forward with you looking at the lowest rate that suits your circumstances. Important to note that you do not need a years accounts and over, just an advisor that is competent with contractors and has more than NR up their sleeve.

    Start seeing them now; as you will want it all to be done before your term is up. I’ve come across far too many clients who wait until they are on the standard variable rate and then think about re-mortgaging. You can do it up to 6 months in advance so by the time your old rate is up it goes straight onto the new one. PM me if you want to know more.

    ST
    "Wait, I still function!"

  4. #4

    Nice But Dim

    DaveB is a fount of knowledge

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    I went with Contractor Money, they advertise on the CUK site. Very good and got me a good deal.
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

  5. #5

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    Standard Life do and they also do offset mortgages as self certification which is very handy.

  6. #6

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    swamp is too good to be a permie

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    I got a high street mortgage via a broker. I thought Contractor Money 's charges were too high. There is nothing special or unusual about being a contractor when getting a mortgage, you probably just have to speak to someone higher up in the organisation and a broker can do this for you.

  7. #7

    Fingers like lightning

    r0bly0ns has no reputation

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    HSBC local staff were surprisingly open to my situation when moving house earlier this year.

    Especially seeing as it was my first year in business so I had no accounts...

  8. #8

    Contractor Among Contractors

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    This is a latent Oh dear™.

    It means some contractors are having visit the moneylenders to provide something as basic as a roof over their heads.

  9. #9

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    Quote Originally Posted by r0bly0ns View Post
    HSBC local staff were surprisingly open to my situation when moving house earlier this year.

    Especially seeing as it was my first year in business so I had no accounts...
    Top tip! Thanks!

    I must say that I have long suspected that the High Street lenders must, these days, be far more receptive to contractors, than, say, 10 years ago.

  10. #10

    Faqqed Off

    TheFaQQer is a fount of knowledge

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    Ask SockPuppet, he knows about Contractor Money (IIRC)
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