Borrow a small amount extra on my mortgage as a contractor

[northernladuk]

Yeah, that's fair. Just to clarify, I wasn't suggesting that Mortgage Quest are price-gouging, or anything like that. I'm just saying that a mortgage broker might not be the best choice for the OP, since they're borrowing a relatively small amount.

Agreed, wouldn't be my first choice either. I'd be surprised if you couldn't deal direct with the lender but I do know some won't speak to B2C at all. Plenty of other avenues to try before shelling that much out for sure.

[Martin@AS Financial]

I would suggest that a personal loan maybe better in that £5-9000 will be cleared in a couple of years. If it is added to the mortgage and your term is say 25 years, you will pay a lot more interest over the life of the loan unless you are willing to make overpayments.

Out of interest, what home improvements are you planning?

[Paracelsus]

Agree with Martin, the figure doesn't make sense to add to a mortgage on the face of it. Bank loan or 0% credit card if you can. I've had upto 10k on a 0% credit card deal not too long ago (stoozing in my case) and I don't even have the best credit score.

[clearedforlanding]

Hi Dani,

Apologies for the delayed response! As already mentioned below, we've been supporting contractors in similar situations to yourself for over 20 years, so we'd love the opportunity to help you with this and run through your options.

We won't look to charge you any fee for the initial consultation, that's not how we work. We will only look to charge a fee if you do progress with a full mortgage application.

It's difficult to give you advise without knowing all the details. So it would definitely be best to speak with one of our senior mortgage specialists who would be more than happy to help.

Feel free to give us a call on 0208 421 7999 or fill out an enquiry form on our website - https://www.freelancerfinancials.co.uk/get-started/

Kind regards,
The Freelancer Financials team.

As a financial advisor are you seriously considering that 9k of home repairs are added to a mortgage? FFS

[clearedforlanding]

I would suggest that a personal loan maybe better in that £5-9000 will be cleared in a couple of years. If it is added to the mortgage and your term is say 25 years, you will pay a lot more interest over the life of the loan unless you are willing to make overpayments.

Out of interest, what home improvements are you planning?

This is the answer a financial advisor should be giving.