Hi Scrollock,
If you are an IT Contractor then you will be fine and shouldnt get any problems obtaining funding regardless of your day rate so long as you have been working over the last 12 months (i.e. no significant gap of over 2 months from when you left a permy role).
If you are a non IT Contractor then the same will apply so long as your day rate is over £312.50 per day (which annualises up to £75,000 per annum).
You should be able to get a rate of around 1.89% with the kind of deposit you are putting down at the moment which is a fantastic rate.
As you are putting down a large deposit you will have the choice of a couple of lenders so long as you have been working in the same field for 3 years.
The fact you have not got any Limited Company year end accounts will not be a problem either as a Contractor friendly lender will disregard the Limited Company entirely and work on your contract rate annualised.
Hope that helps?
If you are an IT Contractor then you will be fine and shouldnt get any problems obtaining funding regardless of your day rate so long as you have been working over the last 12 months (i.e. no significant gap of over 2 months from when you left a permy role).
If you are a non IT Contractor then the same will apply so long as your day rate is over £312.50 per day (which annualises up to £75,000 per annum).
You should be able to get a rate of around 1.89% with the kind of deposit you are putting down at the moment which is a fantastic rate.
As you are putting down a large deposit you will have the choice of a couple of lenders so long as you have been working in the same field for 3 years.
The fact you have not got any Limited Company year end accounts will not be a problem either as a Contractor friendly lender will disregard the Limited Company entirely and work on your contract rate annualised.
Hope that helps?
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