Mortgages

[bellymonster]

Serious question for a change..

My tracker mortgage is about to end and it will jump from 2.49% up to 6.49%.
Obvioulsy I want to change and my bank FirstDirect have some half decent offers.

But, I've never applied for a mortgage as a contractor, and I wondered if anyone else had recently had any success.

I have a v.good credit history but in the current climate didn't know if it was worth applying. Certainly don't want to blot the history by being refused.

[GreenerGrass]

I remortgaged with First Direct (offset) a few months back, they have no problem with contractors.
As well as decent BOE rate trackers their SVR is only 3.69% at the moment.
Not sure whether they will pass on the latest 0.5% cut in full, there is usually a month's lag but they like to undercut the opposition on SVR.

[BrilloPad]

Serious question for a change..

My tracker mortgage is about to end and it will jump from 2.49% up to 6.49%.
Obvioulsy I want to change and my bank FirstDirect have some half decent offers.

But, I've never applied for a mortgage as a contractor, and I wondered if anyone else had recently had any success.

I have a v.good credit history but in the current climate didn't know if it was worth applying. Certainly don't want to blot the history by being refused.

What is you LTV%? If under 70 you may well find that current lender will negotiate. Always worth getting another quote to play off against them. If they match you will save yourself the fees.

[bellymonster]

Cheers for the info.

I'm well below 70% LVR so I might give them a call. Don't hold out too much hope tho as their website now states they dont do trackers at all.

[Tensai]

I used a broker, seem to be clued up about getting mortgages for self-employed people and got me an excellent deal about 6 months ago. No idea what they can do currently though. PM me if you want the contact details of the chap I dealt with.

[DaveB]

I used a broker, seem to be clued up about getting mortgages for self-employed people and got me an excellent deal about 6 months ago. No idea what they can do currently though. PM me if you want the contact details of the chap I dealt with.

I used contractor financials for my last remortgage as well. Seemed very good and very efficient.