• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Should I accept payment in EUR or GBP

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #51
    Originally posted by Emma Power Mortgages View Post
    The contractor mortgages we arrange are based on your contract rate stated on your contract. We do not use accounts as generally the income these show is far less than what you actually earn.

    Due to the new EU legislation that came in this month most mortgage providers will not lend to someone who is paid in a foreign currency
    OK, when I worked with Ben we didn't bother looking at "contractor" mortgages based on my daily rate (which IMO would lead to lending well in excess of what I could afford) but at lenders who used a combination of remuneration and net profit which was much more suitable for the way I work my business (lots more freelance projects and no long term continuous contracts).

    Comment


      #52
      Originally posted by TheCyclingProgrammer View Post
      OK, when I worked with Ben we didn't bother looking at "contractor" mortgages based on my daily rate (which IMO would lead to lending well in excess of what I could afford) but at lenders who used a combination of remuneration and net profit which was much more suitable for the way I work my business (lots more freelance projects and no long term continuous contracts).
      We do explore all options, a lot of contractors don't have the accounts to back up the lending they require and that is when this may become a problem. It's not a one size fits all with you guys. I'm glad Ben found you the most suitable option for you

      Comment

      Working...
      X