Mortgage Advice - First Time Buyer (shall I use Broadbench?)

**amanwhoisquiet** · 7 March 2018, 14:47

Speak to Halifax first if you like them. I've recently been in touch with them about this and you sound like you hit their criteria for using your contract rate as basis for borrowing amounts and they ask that you've been 'working' for two years prior to application, but I think they take each case as it comes.

**GasmanLS7** · 8 March 2018, 13:04

OK thanks, will try them.

**northernladuk** · 8 March 2018, 13:39

I've used Freelancer Financials a number of times for mortgages and most recently to secure a Halifax mortgage. The rate is comparable and actually beats many of the standard offerings so we don't get penalised as some people think.

Some people have gone direct to Halifax and it's worked fine but as you are very close to the 2 years thing I personally recommend going through a broker. Mess up the application and you might lose the house so well worth paying a little bit to get it done properly.

You could ask for John Yerou but any of his advisors will be more than capable of helping.

EDIT : we've discussed mortgages and providers ad infinitum on here and it appears Broadbench have never been mentioned which I think gives you your answer.

**GasmanLS7** · 15 March 2018, 08:01

Yes thanks! It was well worth asking then. I've tried super contractors who are happy to provide an agreement in principle free of charge but the interest rates they are quoting are around 2.2%. Broadbench quoted 1.4% over the phone but stated that it may change when they do the AIP, which they would like to charge £100 for. It seems like they might just be quoting a low interest rate to real people in. Will try Freelancer Financials today.

Thanks for all your help!

**kaiser78** · 15 March 2018, 13:49

Originally posted by GasmanLS7 View Post

Yes thanks! It was well worth asking then. I've tried super contractors who are happy to provide an agreement in principle free of charge but the interest rates they are quoting are around 2.2%. Broadbench quoted 1.4% over the phone but stated that it may change when they do the AIP, which they would like to charge £100 for. It seems like they might just be quoting a low interest rate to real people in. Will try Freelancer Financials today.

Thanks for all your help!

Most contractor mortgage brokers do this and you can even do online as well - if they want to charge for AIP go elsewhere. Super Contractors was pretty useless in helping me out, to went with London and Country who were much more on the ball.

**zonkkk** · 15 March 2018, 14:43

Originally posted by kaiser78 View Post

... went with London and Country who were much more on the ball.

Good to know they deal with contractors too. I used them a couple of times when I was an employee and their services were free of charge.

Do they charge a fee for contractors?

**WordIsBond** · 15 March 2018, 14:52

Well, this is interesting.

Originally posted by northernladuk View Post

EDIT : we've discussed mortgages and providers ad infinitum on here and it appears Broadbench have never been mentioned which I think gives you your answer.

Last edited by Contractor UK; Today at 09:04.

NLUK is "Contractor UK"????

**northernladuk** · 15 March 2018, 15:00

Originally posted by WordIsBond View Post

Well, this is interesting.

NLUK is "Contractor UK"????

Sorry, made a change and forgot what account I was on. Nothing to see here.. move along.

but really it was just admin/mod removing freelancer financials hyperlink I put in.

**WordIsBond** · 15 March 2018, 15:18

I totally believe you.

Mortgage Advice - First Time Buyer (shall I use Broadbench?)