- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Mortgage Advice Required
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Mortgage Advice Required"
Collapse
-
Technically, you should disclose if you know your income will adversely change. But, if you don't know for sure, how can you tell them?
-
Think the off-payroll working rule changes likely coming in April will affect how lenders assess contractors for mortgages?
Or to put it another way, should contractors looking to apply for a mortgage soon mention that from April they might not be working the same way they do now?
Leave a comment:
-
Originally posted by northernladuk View PostIt's worth looking around again. I believe Barclays are in the mix with a good option as well now. Mortgage offerings change regularly so always do your research.
Speak to Freelancer Financials, and see what's new.
Leave a comment:
-
Went with Halifax through a broker recommended by a friend, streamlined process and only had to provide a copy of my current and previous contract.
Leave a comment:
-
Originally posted by CanPayButWouldRatherNot View Postjust a nudge on this ...
Halifax still a good option for contractor mortgages ?
Speak to Freelancer Financials, and see what's new.
Leave a comment:
-
anyone had any recent experiences
just a nudge on this ...
Halifax still a good option for contractor mortgages ?
Leave a comment:
-
Rather than create a new thread thought I might bump an old one. We are running a joint event if anyone is interested.
https://www.linkedin.com/feed/update...63166480957441
Leave a comment:
-
Originally posted by sketchandsunshine View PostOut of interest does this mean:
Halifax would give a mortgage with 2 years continuous but no current contract?
And NatWest 75k minimum. Is this revenue, profit or actual take home?
Speak to John Yerou at Freelancer Financials. Either him or one his staff will go through it with you.
Leave a comment:
-
Originally posted by Becky at Power Mortgages View PostThe Halifax contractor policy states you need to be continuously employed for a 12 month period and have 6 months remaining on your contract OR 2 years continuous service in the same line of work. Unfortunately 2 months remaining on your contract will not be acceptable if only been in continuous employment for 12 months.
NatWest is happy to assist with 12 months contracting history and a current contract in place however they do have a minimum income of £75,000. I would recommend speaking to a contractor specialist broker to discuss your current circumstances.
Halifax would give a mortgage with 2 years continuous but no current contract?
And NatWest 75k minimum. Is this revenue, profit or actual take home?
Leave a comment:
-
Originally posted by mac86 View Postso i have approached two brokers both have advised to go with halifax since the process is very streamlined. the only difference is that one broker is confident that he get the mortgage with only 2 months remaining on current contract (1 year continuous with 2 months to go). the other broker has said he will need at least 6 months to go.
NatWest is happy to assist with 12 months contracting history and a current contract in place however they do have a minimum income of £75,000. I would recommend speaking to a contractor specialist broker to discuss your current circumstances.
Leave a comment:
-
Originally posted by craigy1874 View PostOr consider that the first broker is being over-confident to get your business...
Leave a comment:
-
Or consider that the first broker is being over-confident to get your business...
Leave a comment:
-
Originally posted by mac86 View Postso i have approached two brokers both have advised to go with halifax since the process is very streamlined. the only difference is that one broker is confident that he get the mortgage with only 2 months remaining on current contract (1 year continuous with 2 months to go). the other broker has said he will need at least 6 months to go.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: