FAQs
We know that navigating the world of contractor finances can be complex, and you probably have a lot of questions relating to securing a mortgage.
That’s why we’ve put together this comprehensive FAQ page. Here, you’ll find clear, straightforward answers to the most common questions we receive.
If you don’t find the answer you are looking for here, contact us for advice for your specific circumstances.
Contractor FAQ's
Let’s start with the basics. Many contractors don’t actually realise that that’s what they are. Now that seems a strange statement, but one worthwhile pointing out.
The following questions and answers result from our experiences with clients.
Many answers cover all homebuyers, not just independent professionals. But it’s self-employed contractors who need help clarifying their income the most.
What does becoming a limited company contractor entail?
What is a contractor mortgage and how hard is it to get one?
Why can't I get a contractor mortgage in a High Street branch?
Having just started contracting, will I be at a disadvantage?
What remaining time do I need on my contract for a mortgage?
Do I need 3 years accounts to prove earnings for a mortgage?
How should umbrella contractors best evidence their income?
What supporting documentation must I provide to evidence income?
Contractor mortgage FAQ's
We’ve ascertained that mortgage lenders make many incorrect assumptions about contractors. But it’s not all one-way traffic.
Conversely, those new to being self-employed also don’t yet understand how the products on offer to them differ from what they may have been used to as a permanent employee.
Call 020 421 7999 to speak to a specialist mortgage broker to discuss your circumstances.