Reply to: Contractor Mortgage - Living Location - Advice Please.

[barrydidit]

How do we feel that Testmangler is going to feel about someone almost impersonating him?

Arkwright won't give a tulip, he's too busy charging his captive audience over the odds for bottles of meths.

[northernladyuk]

How do we feel that Testmangler is going to feel about someone almost impersonating him?

In a cool and calm manner I expect.

[MarillionFan]

Well I certainly have now. Thank you. The 'he' is a little presumptive.

How do we feel that Testmangler is going to feel about someone almost impersonating him?

[SueEllen]

Habito are a fairly recent startup. You’d be best to go with a broker who is used to dealing with contractors, rather than a new business that isn’t clued in on our area of business.

...provided you are talking about a proper mortgage on a primary residence, not a disguised BTL or buying something through your company.

Cynic.

[WTFH]

Contractor Mortgage - Living Location - Advice Please.

Habito are a fairly recent startup. You’d be best to go with a broker who is used to dealing with contractors, rather than a new business that isn’t clued in on our area of business.

...provided you are talking about a proper mortgage on a primary residence, not a disguised BTL or buying something through your company.

[WTFH]

PS are you a test manager or a manager of testers?

Have you considered the possibility that he might be a tester of managers?

Well I certainly have now. Thank you. The 'he' is a little presumptive.

Nope, not a manager of testers.

[washed up contractor]

Hi all,

First time post so go easy...

I am an IT contractor having worked within this field as self employed for over 5 years.

I am trying to secure a mortgage on a property which is away from my current contracted location, as a first time buyer.

I have been told by a mortgage broker (Habito) that trying to gain a mortgage within a location to which I have no 'ties' is impossible and not worth trying.

My argument being, as an IT Contractor I could work anywhere in country depending on where the contract is based, as I have done, Liverpool, Brighton, London etc, so, should it really matter? As long as I can cover the mortgage payment.

So my question is - has anyone had this type of issue before or heard of such a thing?

I have an AIP (agreement in principal) from Halifax but before I pursue it with a home near where I am currently contracted, I am keen to hear other peoples thoughts.

Thank you.

Change you broker because they're talking rubbish. Presumably, you live in a place other than your 'contract location'?

Buying a property in a location other than where you live or work happens all the time. I suspect the broker is just wanting an easy life for their fee \ commission.

With 5 years contracting history and accounts, you really shouldnt be having obstacles like this put in your way.

[northernladyuk]

Have you considered the possibility that he might be a tester of managers?

Well I certainly have now. Thank you. The 'he' is a little presumptive.

[barrydidit]

are you a test manager or a manager of testers?

Have you considered the possibility that he might be a tester of managers?

[barrydidit]

It's a risk factor for the lender as it's assumed you'll spend a fecking fortune commuting, go mental from too much commuting and lose your job, or else just let the place out without telling them. That's why.

Really???

I think the real risk is they think the OP is trying to get a BTL mortgage through another route.

I said that. Haven't you had a G&T to steady the ship yet this morning?

As I also said, it's a question of risk - buying a place that's nowhere near where you live or work is going to be flagged up.

[SueEllen]

That's a very cynical take on it, Susie. I'm surprised at you. There is no reason the think this is a back-door BTL.

I was racking my brains to work out why a mortgage broker would come out with that tulip and that's the only thing I could think off.

[TheFaQQer]

Load of bollocks. You can buy a house anywhere.

Evidently, the OP can't.

[northernladyuk]

Really???

I think the real risk is they think the OP is trying to get a BTL mortgage through another route.

That's a very cynical take on it, Susie. I'm surprised at you. There is no reason the think this is a back-door BTL.

[MarillionFan]

Load of bollocks. You can buy a house anywhere.

[SueEllen]

It's a risk factor for the lender as it's assumed you'll spend a fecking fortune commuting, go mental from too much commuting and lose your job, or else just let the place out without telling them. That's why.

Really???

I think the real risk is they think the OP is trying to get a BTL mortgage through another route.