Mortgages

[Bumfluff]

Finally got through to first direct and they are contractor friendly, 2 years ltd accounts and the rest umberalla they just want to see 2 years accounts and my tax returns for the years I was with the umberalla to see the divs. Great deals at mo 4.75% fixed offset, £1500 setup cost or 5.25% fixed offset £99 set up, the 5.25% works out best for me.

[PAH]

Northern Rock are doing some good deals on council houses.

[Sockpuppet]

Anyone recommend a decent mortgage lender that is happy with 2 years worth of ltd accounts rather than 3, or who is contractor friendly. Prior to ltd I was with umbrella for 3-4 years but the mortgage companies dont want to know about that, I have had 5 years back to back contracts, Im not a risk

Places like the Halifax and Aliance and Leciester and ok and will deal with me but there rates are poo and these are the ones the brokers always recommend, First Direct who have decent rates wont deal with as I have 3 years accounts. grrrr

Contractor Financials.

Woolwich offered me £180k (may have offered me more, thast all I asked for) based on 15 months of accounts. Rate was Base + 1.29% (95% mortgage, no tie ins, no arrangement fee).

They also have a base + 0.99% (£995 arrangement) as well.

[ratewhore]

I went with Abbey through an IFA. They were happy to lend based on an accountants reference. Contractormoney always recommend an offset but I got a betterrate on a fixed deal with the ability to pay off regular chunks with no penalty...

[Bumfluff]

I am with Yorkshire Building Society. Was with them before becoming a contractor but when we moved house after contracting about 2 years they were fine - although they would only go to a maximum of 90% LTV (which wasn't really a problem).

Thats good to know Yorkshire BS have some good deals as well at the moment but you being with them before you went contracting probably helped, I willgive them a call

[WotNxt]

I am with Yorkshire Building Society. Was with them before becoming a contractor but when we moved house after contracting about 2 years they were fine - although they would only go to a maximum of 90% LTV (which wasn't really a problem).

[Ruprect]

have you tried contractormoney?

[Bumfluff]

Abbey are good with contractors. I have a few self cert mortgages with them and they only require 2 yrs accounts. Their rates are ok too. Id advise to get an IFA or 2 to do the work for you. They are free and you can play them off against each other for the best deal.

Yeah Abbey would deal with me but again there about 0.50% more than the best lenders rates like First Direct.

[Mailman_1]

Abbey are good with contractors. I have a few self cert mortgages with them and they only require 2 yrs accounts. Their rates are ok too. Id advise to get an IFA or 2 to do the work for you. They are free and you can play them off against each other for the best deal.

[DimPrawn]

Welcome to the credit crunch.

[Bumfluff]

Anyone recommend a decent mortgage lender that is happy with 2 years worth of ltd accounts rather than 3, or who is contractor friendly. Prior to ltd I was with umbrella for 3-4 years but the mortgage companies dont want to know about that, I have had 5 years back to back contracts, Im not a risk

Places like the Halifax and Aliance and Leciester and ok and will deal with me but there rates are poo and these are the ones the brokers always recommend, First Direct who have decent rates wont deal with as I have 3 years accounts. grrrr