Mortgages 101

[Ticktock]

This will depend on what your deposit is but more importantly, what is affordable to you on a monthly basis after calculating all essential outgoings.

As a contractor, you have 2 options. Firstly you can either work off your limited company salary and dividend figures or net profit and salary depending on which bank you approach. The second option is to work off your daily rate. Lenders that are sympathetic to contractors will take your daily rate - multiply that by a 5 for a 5 day week and then multiply that by 48 to assume you give yourself 4 weeks off a year.

You didn't think this was a serious post worthy of a serious answer did you?

[nomadd]

Lenders that are sympathetic to contractors will take your daily rate - multiply that by a 5 for a 5 day week and then multiply that by 48 to assume you give yourself 4 weeks off a year.

Question is: Do I want a £20 million house?

[Old Hack]

Question is: Do I want a £20 million house? sasguru

ftfy

[Old Hack]

You didn't think this was a serious post worthy of a serious answer did you?

He's on commission; I'd venture if someone mentioned they were entertaining the thought of entertaining the thought of remortgaging he'd respond.

I know i would!

[DimPrawn]

This will depend on what your deposit is but more importantly, what is affordable to you on a monthly basis after calculating all essential outgoings.

As a contractor, you have 2 options. Firstly you can either work off your limited company salary and dividend figures or net profit and salary depending on which bank you approach. The second option is to work off your daily rate. Lenders that are sympathetic to contractors will take your daily rate - multiply that by a 5 for a 5 day week and then multiply that by 48 to assume you give yourself 4 weeks off a year.

For arguments sake, imagine I was a MATHEMATCIAL GENIUS, stay-at-home-dad, who had TWO clients, both paying me WELL OVER £1000/day for pretty much doing sod all, how much could I borrow then?

[Old Greg]

For arguments sake, imagine I was a MATHEMATCIAL GENIUS, stay-at-home-dad, who had TWO clients, both paying me WELL OVER £1000/day for pretty much doing sod all, how much could I borrow then?

A shed load of cash.

[Old Hack]

For arguments sake, imagine I was a MATHEMATCIAL GENIUS, stay-at-home-dad (well, ok, I don't STAY-AT-HOME with him per se, he's sent away to nursery, and a nanny), who had TWO clients, both paying me WELL OVER £1000/day for pretty much doing sod all, how much could I borrow then?

ftfy

[yasockie]

Up to 600k

Thank you
Admin: please delete all the other O/T posts