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  1. #21

    Should post faster


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    Quote Originally Posted by ChimpMaster View Post
    Probably too late for MVL now because the distribution might not be made until after April, unless perhaps the initial distribution can be completed quickly. It takes several months to go through the whole liquidation.

    It would (should) impact your application if you've told the lender you are an ongoing contracting business. It'll be akin to losing/leaving an employed position if a permie had applied for a mortgage.

    If you already have the deposit then carry on as normal. At some point in the future when you go through MVL you can then lump sum the mortgage down.
    Actually you will be surprised to learn that it wouldn't impact your mortgage application as a contractor. The banks that we deal with are familiar with contractors doing this to save tax. But your right, it's very tight as there's only six weeks left.

  2. #22

    Fingers like lightning

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    Quote Originally Posted by Aden View Post
    Why is that? How about the ContractorMortgatesUK? Any good?
    They are Contractor Mortgages made Easy I believe. Defo worth a call whilst comparing - they have offered out good products in the past.

  3. #23

    Still gathering requirements...


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    Quote Originally Posted by chopper View Post
    Steer well clear of Countrywide.

    And when it comes to conveyancing time, keep a very very wide berth from them.
    Countrywide Conveyancing and Countrywide mortgage brokers are ran in very different ways, I know they have some excellent advisors there. That being said, as Freelancer confirmed they are not contractor specialists and it is likely they wont be aware of all the options available to you.
    Last edited by Contractor UK; 23rd February 2016 at 15:40. Reason: Removed : Advertising

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