Mortgage Advice Needed

[Gumbo Robot]

Need a bit of info. The advisor I've been using is currently unavailable so was wondering if somebody could answer this question.

How do mortgages based on you annual accounts work? Is it some multiple of annual turnover? Do you get a better deal the more years for which you can provide accounts?

Reason I'm asking is that I've found a house I want to buy but this has coincided with the end of my contract (4 weeks away) and I'm of the understanding that I need to have some time to run on the contract at the time of applixation when going for a mortgage based on day rate.

[northernladuk]

I'd give Ken a call at Freelancer Financials. They are very helpful and have taken time to explain things to me even when I wasn't going to use them for that piece of work. I say that because I believe they have some different requirements depending on who you are with. Someone posted about the Virgin ones being very stringent. My Halifax on needed to see I had a number of months left (I think. Something like that anyway). I think the answer is..It depends so a quick chat to FF won't do any harm

[jmo21]

I'd give Ken a call at Freelancer Financials. They are very helpful and have taken time to explain things to me even when I wasn't going to use them for that piece of work. I say that because I believe they have some different requirements depending on who you are with. Someone posted about the Virgin ones being very stringent. My Halifax on needed to see I had a number of months left (I think. Something like that anyway). I think the answer is..It depends so a quick chat to FF won't do any harm

What NLUK said.

Some do take into account months left, but some can do it on your current rate (including months left) OR only on your last 3 years accounts (assuming you have them).