Mortgages and contracting: hiding the truth

[kramer]

Got a mortgage after 6 months of contracting with http://www.contractormoney.com/

Didn't need years of 2 accounts. The whole process was relatively painless.

ditto

[swamp]

Ditto, but not with contractor money. I found them too expensive. I have a (competetive) high street mortgage instead.

[ChimpMaster]

As we all know, these banks can't shift mortgages quick enough nowadays ... any tomdickharry can get a mortgage just so that the banks can show that their lending is increasing and they're making x% more profit this year etc.

So I wouldn't expect you to have any problems, especially if, as a contractor, you have a reasonable sum of money to invest into the house to start off with.

[MarillionFan]

I walked in to Lloyds off the street with £20 in my wallet and a shotgun. Within minutes Lloyds staff had filled my rucksack with £70000 in bank notes which was enough to buy my first house. They also put the alarms on to welcome me. Nice.

[DaveB]

And you called me a luny?

I just grinned at them with my chameleon circuit switched off & they gave me £250k.

Should have turned it on, they'd have given you half a mil

[WageSlave]

Thanks for the tips.

After unsuccessfully dealing with the high street lenders I've decided to go with a specialist broker recommended by a work colleague.

[css_jay99]

I got in touch with contractmoney and they had a deal from clydesdale bank for a 5.04 % 2yr Flexi tracker. I was going to do this as interest only

Is this a good deal ?

Not sure how much extra they will charge though for their part

css_jay99

[MarillionFan]

Why interest only?

[css_jay99]

bcos the Ex has got me by the balls.

I am also having to raise £60K of equity to pay her off. so you see in the short term (2yrs), interest only is the only way i can keep myself above water till the dust settles. Having to pay an additional £1000 a month for support does not make life any easier.

I have got to keep all my costs down untill I can build up some reserves again.

Advice : DONT GET MARRIED!, if you do HIDE YA MONEY, if you dont and it goes belly up THE TAXMAN WILL BE THE LEAST OF YOUR WORRIES

[Ivor1]

Advice : DONT GET MARRIED!, if you do HIDE YA MONEY, if you dont and it goes belly up THE TAXMAN WILL BE THE LEAST OF YOUR WORRIES

Aint that the truth .......... Equal rights for men, Equal rights for men