Breaking news: mortgages for all professional contractors
ANY professional freelancer can now apply for a mortgage based on their daily contract rate through Halifax.
Halifax eases up freelancer mortgage rules - Freelance Advisor
Halifax eases up freelancer mortgage rules - Freelance Advisor
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On £300 a day you can borrow £360,000! Jeez, that's scary. -
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Wait until self certified liars loans to make a come backOriginally posted by Old Greg View Post
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Not exactly news to IT Contractors though.Originally posted by Freelancer Financials View Post
FTA.
Halifax has proven one of the lenders more open to dealing with the self-employed, and has up until now offered a mortgage product for IT contractors. They are now opening the same deal up to all freelancers and contractors of all flavours, provided they have a day rate of £300 or more."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Your right, Halifax has been offering this to IT Contractors for several years, you'd be surprised though how many IT Contractors don't know this? Unless, you live in the forums!!!!!!!!!!!!Originally posted by DaveB View Post
What's really annoying for IT Contractors, is that if they go direct to the branches, the advisers don't know about the IT Contractor policy that they support. They try and assess them as self-employed (3 years accounts). Which is why a lot of IT Contractors turn to mortgage brokers to handle their application.Comment
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Does anyone know if this also applies to C&G mortgages as they're all part of the Lloyds Group ?Originally posted by Freelancer Financials View Post
Cheers...Comment
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No. It only applies to Halifax.Originally posted by Basil Fawlty View Post
John Yerou
Freelancer FinancialsComment
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