- I'd like to say that the service we received from Dale was simply exceptional. I cannot rate him highly enough, and I would gladly recommend your firm to friends and family. Thanks again.Anuj, August 2014
- Hi Alexandra. You have done an amazing job in sorting out our mortgage. We have just got the keys to the house.Thanks for all your help!Imran, August 2014
- Hi Mark, Just a short note to thank you and the rest of the team at Contractor Mortgages Made Easy for your help in securing my mortgage with Clydesdale Bank. It was a pleasure to deal with you and your advice was spot on, thanks for your support.Simon, April 2014
- Jennifer helped us recently. Totally recommend this company. Jennifer and her colleagues are extremely helpful and professional.Lynne, March 2014
- Natalie was the account manager on my mortgage application and did a fantastic job guiding me through the minefield of contractor mortgages, securing me a great deal in a way that kept my stress levels to a minimum.Mark, February 2014
Frequently asked questions
The rate you can obtain on your mortgage is no different to the rates that are available to any other employed or self-employed individuals. Prior to these products being launched many contractors were reliant on self- certified mortgages, where they paid a higher rate and higher fees.
Not every lender is contractor-friendly, however a growing number are. These include well known High Street names such as the Lloyds Banking Group, Clydesdale Bank, Barclays, Nationwide, Virgin Money (previously known as Northern Rock), Natwest and numerous smaller building societies.
These products are no different to any other mortgage in terms of pricing. The difference is how the lender will assess the application. Lenders will not look at traditional forms of income assessment but rather channel the application towards bespoke underwriting criteria specifically available for the contractor and freelancer community.
Each application is assessed on an individual basis, but the broad criteria is as follows:
1) There must be a current contract in place 2) Continuity should be provable in the type of work being done 3) Borrowers new to contracting are acceptable. 4) Income can be defined via annualised contract rate