Mortgage - specialist contractor broker vs standard lender route?

[Freamon]

Well he wrote:
"contract (£600pd) in December and currently on a break (thinking of picking up next contract April time but really not in any hurry to get back on the treadmill). I sold my flat last year and have £200k for a deposit. I have about £90k in the company war chest. I only draw about £11k in salary per year and pay myself about £45k in dividends."

But she would have written:
"contract (£600pd) in December and currently resting and letting OH take care of me (thinking of fancy holiday followed by extra loads of shopping and really not in any hurry to get back on the treadmill). I sold our flat last year and spent the money on shoes and one of those 'tease & denial' devices for OH. I have £2000 for a deposit. I have about £900 in the company war chest. I draw as much money as I can from the company to spend on special treats because I've been working so hard."

FX: Polite ripple of applause from the MCC box.

[achillea]

I can confirm that I am a woman!

Thanks for the sensible posts guys. Yes, I am indeed a woman and no, I'm not spending my hard earned dosh on shoes and handbags... !

Any thoughts on good 'city' brokers to use? Last time I applied for a mortgage it was with Northern Rock so I'm not used to going down the broker route.

Reckon I need to a) get another contract before applying b) apply before March next year when I have to file my current year's financial accounts which will be seriously down on the previous year

cheers
L

[ChimpMaster]

Thanks for the sensible posts guys. Yes, I am indeed a woman and no, I'm not spending my hard earned dosh on shoes and handbags... !

Any thoughts on good 'city' brokers to use? Last time I applied for a mortgage it was with Northern Rock so I'm not used to going down the broker route.

Reckon I need to a) get another contract before applying b) apply before March next year when I have to file my current year's financial accounts which will be seriously down on the previous year

cheers
L

Have PM'd you. But only cuz ur a woman

[Paddy]

Well he wrote:
"contract (£600pd) in December and currently on a break (thinking of picking up next contract April time but really not in any hurry to get back on the treadmill). I sold my flat last year and have £200k for a deposit. I have about £90k in the company war chest. I only draw about £11k in salary per year and pay myself about £45k in dividends."

But she would have written:
"contract (£600pd) in December and currently resting and letting OH take care of me (thinking of fancy holiday followed by extra loads of shopping and really not in any hurry to get back on the treadmill). I sold our flat last year and spent the money on shoes and one of those 'tease & denial' devices for OH. I have £2000 for a deposit. I have about £900 in the company war chest. I draw as much money as I can from the company to spend on special treats because I've been working so hard."

Post of the year so far

[Lockhouse]

I've never used a broker, always just applied to whoever gives the best offer at the time.

TBH, using a broker never crossed my mind.

Years ago it was a nightmare for contractors - you had to provide audited accounts and everything. Now the mortgage company will accept a letter from your accountant saying what your earnings (salary + dividend) have been for the last so many years.

I just wish I could borrow from my ltd company! Because now I'm in the silly position of getting turdy interest on my business account while paying pretty freaking high interest on my mortgages.

WHS - Just look for the best deal. I'm moving houses at the moment. HSBC are good at the mo if you have a 40%+ deposit.

What really sticks in my throat is the 4% moving tax.

[EternalOptimist]

Thanks for the sensible posts guys. Yes, I am indeed a woman and no, I'm not spending my hard earned dosh on shoes and handbags... !

Do you have something against heels, achillea ?

[ChimpMaster]

Post of the year so far

I doubt anyone will remember when it's time for the nominations in December

[achillea]

heels

The days of 4" stilettos are for the most over... give me a pair of calf skin, low heel FMBs any day.