Finding a safe contractormortgagespecialist.co.uk IT contractor mortgages UK nowadays is quite impossible if you’re a contractor as well. That’s because there are lots of lenders feel that someone who is “self-employed” are in the category of high risk when it comes to the lending. Numerous banks need minimum 3 years of solid accounts earlier they’ll consider you, and even then you may be faced with relatively higher interest rates as compared to the normal rates. It’s quite easy to find yourself fraudulently thrown in a “reject” pile by different financial lenders and institutions once they discover that the employment status of yours isn’t permanent. That’s when you get a disappointing letter or call stating that the status of yours isn’t meeting their actual criteria, thus application was rejected.
You will find that longer it takes to get a contractormortgagespecialist.co.uk IT contractor mortgages UK, more you’re missing out on exceptional deals and that dream house of yours had your eye on. Sellers don’t tend to sit/wait around for you to secure a different mortgage; next buyer which comes would take it right from under the nose of yours. However, there’s an answer to the troubles, contractor mortgages that are particularly designed for freelancers and contractors. Today few certain mortgage brokers are capable of providing a mortgage that’s particularly made to service you and many other freelancers. There is a different type of professionals that specialize in contractors’ mortgages and provide cooperation and high expertise for financial institutions letting you to not just get an approval on next application, but also an ideal deal possible.