PAYE Versus Fixed Term Contract for Mortgage Application

[ziggystardust]

I am looking to apply for a first time mortgage but, now being faced with the dilemma of taking a 6 month PAYE role via a recruitment agency or another 12 month fixed term contract direct with an employer, I'm unsure which would make me more of a risk to a lender. Although I have been contracting for...

[Sunshine2021]

I need some advice. I received and accepted an offer on my property which I've had for 9 years last Friday. Found the perfect property to buy last Wednesday and put an offer on it. Called Nationwide to discuss porting my existing mortgage and went through the DIP process. I was granted a DIP for £400k,...

[CalamityJane]

Haven't posted in a LONG time. Yes, I've spared you.

But I'm now in a really good and bad position for getting a mortgage and I wanted to get the lay of the land from you guys.

Please tell me your personal experience of trying to get a mortgage as a contractor. I want to be...

[SimonMac]

Completed (finally) on our house purchase on Friday, went to my bank (who I have personal and business accounts with) and they looked at me as if I have three heads, went to CMME and they were amazing from start to finish, would recommend to anyone looking for a contractor mortgage.

[benjimarshall]

Hi,

Let me start by saying I hope i'm posting in the correct section of the forum! I'm looking to get a mortgage in the next 6 months and I am wondering how to maximise my chances of being accepted for a mortgage as a contractor. The main thing i've been trying to do is build my credit...

[Sheens83]

Hi all, I took some time off for 5 months to study for some qualifications after which I went into a contract (which I've been on for nearly 6 months now).

I am trying to get a First Time Buyer mortgage but it's proving a little difficult. The current broker I am using is from the estate...

[Prinsa]

I have been contracting for 9 months and finding it difficult to find a mortgage. Can anyone suggest a solution? I

Hi All,

I wondered if anyone had pointers or recommendations on Lenders and the do's and don'ts of getting a new mortgage as a contractor please?

I have an existing mortgage but my lender doesn't entertain 'dirty' contractors , and we'd like to think about moving house....