Offset Mortgage for IT contractor

[kaiser78]

Hi guys,

Just wondering if any IT contractor has applied for "offset mortgage" totally based on daily rate with only one years of accounts.

Any recommendations about the mortgage broker who is willing to submit offset mortgage?

Thanks

I have an offset with Barclays and an offset with Santander. First one applied for on 1 set of contracting accounts. No need to go through a broker - directly is easier.

[Freelancer Financials]

I have an offset with Barclays and an offset with Santander. First one applied for on 1 set of contracting accounts. No need to go through a broker - directly is easier.

How can you say he doesn't need a mortgage broker when you don't even understand his circumstances? Firstly, he only has one years accounts and he's also stating that he wants to use his contract rate. Santander, need two years accounts and Barclay's will normally want to see at least two years accounts. Sometimes, Barclay's will consider one years accounts with projected figures but only if your an IT Contractor or have an existing account with them.

[Freelancer Financials]

Offset Mortgages based on your contract rate alone

Hi guys,

Just wondering if any IT contractor has applied for "offset mortgage" totally based on daily rate with only one years of accounts.

Any recommendations about the mortgage broker who is willing to submit offset mortgage?

Thanks

There are a number of perfectly good Mortgage Advisers on this forum that can assist you. If you're looking to be assessed on your contract rate (due to only having one years accounts), there are a number of contractor Friendly lenders that we can take you to. Scottish Widows, Clydesdale bank and Leeds building Society.

The best Offset mortgage rates at the moment are from Scottish Widows:

They are Fixed Rates with offsetting:

60% LTV - 1.79%
75% LTV - 2.29%
80% LTV - 2.49%
85% LTV - 2.89%

I hope this helps.