Contractor mortgage with one late mortgage payment

[SueEllen]

I am sure that what I said was "searches are recorded"? The number of searches shows a certain amount of "form" and, as a statistic (think Big Data), has an imprint, for (potential) subjective use.

You looking at your own credit file isn't a search.

I looked at mine from all 3 agencies then went into a lender and they checked it with one of the agencies.

The fact I looked at my credit file a month or so before was not recorded.

I actually mentioned to the guy I had looked at my credit file before.

[lukemg]

Another shout for contractor money, they get paid from the mortgage provider which covers their end and no suggestion you get a better deal for the extra 500 elsewhere.

[Freelancer Financials]

If you have 2 or 3 years of accounts you can go to a lender direct.

There is no need to involve a broker.

I had sh*t from one of the brokers who posts on here due to taking a 3 month break a couple of years ago however the lender I finally chose had no issue with it.

Not sure why you had a problem, especially if it was a couple of years ago. Halifax would have been absolutely fine and it shouldn't have been a problem for the broker to get you an exception from Clydesdale.

But, I do agree, if you've got 2 years accounts and your drawings are sufficient to borrow what you need, then you can go whole of market.

The only time you need to use your contract rate is when your salary & dividends are low.

A good mortgage broker should look at your accounts first before looking at contractor mortgages.

There are also lenders that will take the net profits before tax plus the salary.

So there are options. The trouble with some contractor mortgage brokers is that they just want to use your contract rate as it's easier. Or they're just too busy and take two weeks to get back to you.

[Freelancer Financials]

Am not sure if they can access all products or just the ones that pay them commission to get but it won't do any harm doing your own home work. There are some good ones out there and I don't think the agents get any special rates to beat some of them. Often calling your existing supplier will get you a discounted rate that anyone walking in couldn't get.

A Directly Authorised Contractor Mortgage Specialist, will have access to Whole of Market, we certainly do anyway.

The only lenders that we do not have access to are lenders like HSBC, First Direct and ING Direct, who generally do not go through intermediary channels. I agree with NorthernladUK, the rates from these lenders are often very competitive and if your accounts stack-up, worth a try. The only problem is that they typically use low income multiples (around 3.5) and assess affordability based on salary & dividends which can reduce potential borrowing for contractors working in a tax efficient way.

[cailin maith]

Please accept my apologies if we've dropped the ball on your mortgage enquiry as we normally pride ourselves on the service we give. If you could PM your details I'd like to look into this straight away

Well, here I am again.

I spoke to the lady in your office last Wednesday who assured me that I'd have the mortgage illustration by the close of play that day..... nothing.

I've since discovered the illustration that she'd been "waiting for from the Halifax" doesn't actually come from the Halifax, it's computer generated by yourselves. Not really sure why she felt the need to be dishonest about it.

Disappointing that the dealings I have had have been so poor. Especially when so many on here have sang your praises. I realise we don't want to borrow a massive amount and will probably not generate much fees for you but I'd have thought that was rather short sighted given that we'd probably look to move up the ladder again in the future.

Regardless of Contractor Money, I've nothing but the highest of praise for Freelancer Financials who have been brilliant - quick at getting back to me, getting me the fact find to fill in and just generally being super helpful including being available to speak to, long after usual business hours.

[ContractorMoney]

Well, here I am again.

I spoke to the lady in your office last Wednesday who assured me that I'd have the mortgage illustration by the close of play that day..... nothing.

I've since discovered the illustration that she'd been "waiting for from the Halifax" doesn't actually come from the Halifax, it's computer generated by yourselves. Not really sure why she felt the need to be dishonest about it.

Disappointing that the dealings I have had have been so poor. Especially when so many on here have sang your praises. I realise we don't want to borrow a massive amount and will probably not generate much fees for you but I'd have thought that was rather short sighted given that we'd probably look to move up the ladder again in the future.

Regardless of Contractor Money, I've nothing but the highest of praise for Freelancer Financials who have been brilliant - quick at getting back to me, getting me the fact find to fill in and just generally being super helpful including being available to speak to, long after usual business hours.

I am sorry to hear that you feel you have received poor service from Lisa and following your post I have looked in to our response times and can see that the Adviser sent you an email with the illustration at 5.30pm on Wednesday which is within the ‘close of play’ promise that she originally quoted. I apologise if that illustration didn’t reach you, (perhaps its sat in your spam) and you felt that the Adviser had not kept to the agreed time frame but I would be happy to forward this on again to show that she had delivered.

The illustration that you refer to comes directly from the Halifax system as , unlike other brokers who for ease of use rely on online sourcing systems such as trigold or mortgage brain, we do prefer to go directly to the lender to source all of our illustrations in order to ensure that the details we receive are 100% accurate and will match the Lenders individual criteria exactly. Whilst this is a slightly more lengthy process, we believe that it saves risk, time and potential hassle for you further in to the mortgage application process as the initial illustration is far more accurate than one that is sourced from a generic system. I am sorry that this took longer than you had hoped but again, I would point out that it was sent to you within the timeframe you were given by your Adviser.

Please rest assured that we always endeavour to give the highest level of service to every client regardless of the loan amount or remuneration that we may receive and we pride ourselves on never charging a fee for our advice. If remuneration was our primary motivator then we would opt for the fee charging approach that other brokers have adopted but using our fees-free approach means that it is in our interests to see your mortgage through to completion as unlike these other brokers, we don’t receive any remuneration if the mortgage application fails to complete. I hope this reassures you that your Adviser was trying to ensure the illustration was accurate and was not delaying the process deliberately.

I hope that you will get in touch with me via PM so I can try and right the wrongs that you feel you have suffered as I would very much like to help you with your mortgage.

[cailin maith]

I am sorry to hear that you feel you have received poor service from Lisa and following your post I have looked in to our response times and can see that the Adviser sent you an email with the illustration at 5.30pm on Wednesday which is within the ‘close of play’ promise that she originally quoted. I apologise if that illustration didn’t reach you, (perhaps its sat in your spam) and you felt that the Adviser had not kept to the agreed time frame but I would be happy to forward this on again to show that she had delivered.

The illustration that you refer to comes directly from the Halifax system as , unlike other brokers who for ease of use rely on online sourcing systems such as trigold or mortgage brain, we do prefer to go directly to the lender to source all of our illustrations in order to ensure that the details we receive are 100% accurate and will match the Lenders individual criteria exactly. Whilst this is a slightly more lengthy process, we believe that it saves risk, time and potential hassle for you further in to the mortgage application process as the initial illustration is far more accurate than one that is sourced from a generic system. I am sorry that this took longer than you had hoped but again, I would point out that it was sent to you within the timeframe you were given by your Adviser.

Please rest assured that we always endeavour to give the highest level of service to every client regardless of the loan amount or remuneration that we may receive and we pride ourselves on never charging a fee for our advice. If remuneration was our primary motivator then we would opt for the fee charging approach that other brokers have adopted but using our fees-free approach means that it is in our interests to see your mortgage through to completion as unlike these other brokers, we don’t receive any remuneration if the mortgage application fails to complete. I hope this reassures you that your Adviser was trying to ensure the illustration was accurate and was not delaying the process deliberately.

I hope that you will get in touch with me via PM so I can try and right the wrongs that you feel you have suffered as I would very much like to help you with your mortgage.

Thanks for your response but no, I won't be contacting you again.

I originally contacted your advisor on 7th May. Thats almost 4 weeks ago. I could now be 4 weeks further along the process than I am now. With that in mind, it was only after I posted on this forum regarding this issue that you contacted me and in turn I managed to finally correspond with your advisor.

The illustration is not sat in my spam folder.

I guess we have to reach the conclusion that although it appears from your system that it was sent, it simply never reached me. Odd when your advisors other emails reached me.

Again, thank you for taking the time to reply.

[ContractorMoney]

Thanks for your response but no, I won't be contacting you again.

I originally contacted your advisor on 7th May. Thats almost 4 weeks ago. I could now be 4 weeks further along the process than I am now. With that in mind, it was only after I posted on this forum regarding this issue that you contacted me and in turn I managed to finally correspond with your advisor.

The illustration is not sat in my spam folder.

I guess we have to reach the conclusion that although it appears from your system that it was sent, it simply never reached me. Odd when your advisors other emails reached me.

Again, thank you for taking the time to reply.

In that case I'm genuinely sorry that we couldn't help and I wish you all the very best of luck with the application.

[Ketchup]

Thanks for your response but no, I won't be contacting you again.

I originally contacted your advisor on 7th May. Thats almost 4 weeks ago. I could now be 4 weeks further along the process than I am now. With that in mind, it was only after I posted on this forum regarding this issue that you contacted me and in turn I managed to finally correspond with your advisor.

The illustration is not sat in my spam folder.

I guess we have to reach the conclusion that although it appears from your system that it was sent, it simply never reached me. Odd when your advisors other emails reached me.

Again, thank you for taking the time to reply.

I contacted Contractor Money a few weeks ago, they told me they couldn't help (because of the subject of the subject of this thread). Last Tuesday I contacted Contractor Mortgages Made Easy and received the approval in principle this afternoon (with Halifax).

[Freelancer Financials]

The illustration that you refer to comes directly from the Halifax system as, unlike other brokers who for ease of use rely on online sourcing systems such as trigold or mortgage brain, we do prefer to go directly to the lender to source all of our illustrations in order to ensure that the details we receive are 100% accurate and will match the Lenders individual criteria exactly. Whilst this is a slightly more lengthy process, we believe that it saves risk, time and potential hassle for you further in to the mortgage application process as the initial illustration is far more accurate than one that is sourced from a generic system.

Oh please, who are you kidding, it only takes 5 minutes at most to produce an Illustration from Halifax directly (It's an online system).