The Mortgage & Insurance Shopper Essex

Contractor Mortgages

Are you currently contracting for a company on a fixed term contract? Are you being paid on a day rate or a weekly rate but paying your own tax?

Are you a CIS ( Construction Industry Scheme) Contractor with tax being deducted by your main contractor?

Traditionally lenders would have treated these type of Contractors as a self employed applicant using the net income figure from your tax return. There are now a handful of lenders that will use your gross income if you are on one of the above types of contracts when assessing an application. For many this will mean these lenders will lend you more money compared to lenders that would have assessed what you can borrow based on your net income from your tax return.

Speak to us today so we can advise you on which lenders will be best for your situation. We will take your details and shop  the mortgage market to find you the best matched mortgage saving you time, hassle and money. Not only do we do the shopping around we help you apply for your new mortgage and deal with the application from start to finish. We guide you throughout the process.

*Advice is free and impartial with no obligation to take up our recommendations
*This firm may charge a fee for arranging your Mortgage and/or insurance. This fee ranges from £0-£495 dependent on your circumstances
*Your property may be repossessed if you do not keep up repayments on your mortgage