Contract Rate Mortgages
Mortgages based on your contract and rate
With the introduction of tough new requirements under MMR, the Mortgage Market Review, Contractors could have been forgiven for thinking they would not be able to secure a mortgage at all, and certainly not one from a high street lender at competitive rates. Well think again!
With direct access to key decision makers and underwriters in some of the best high street lenders, we are able to introduce the most exciting mortgage product to be made available to Contractors in a decade!
With competitive rates and income multiples based on your contract rate, there is no longer a requirement to produce three, two or even one years of tax history, company accounts or any HMRC income documentation.
Requirements fall into the following categories:
Sub Contractors, Fixed/short term contracts and Agency workers
Applications will be considered from the above employment types if the customer has a current continuous employment of 12 months or more with 6 months of the contract remaining or the customer has 2 years continuous service in the same type of employment.
IT and other contractors
For IT contractors on any income and other contractors whose income is more than £500 per day or £75,000 per annum: whether employed or self employed, we accept the gross value of the contract as evidence of income.
All applicants must have a current continuous employment of 12 months or more with 6 months of the contract remaining or 2 years continuous service in the same type of employment.
If you are a Contractor or company Director and are considering buying a property, call us now to discuss your financing options.
t. +44 207 712 1684