Mortgage Advice for Subcontractors from a local mortgage broker in Croydon
When it comes to subcontractor mortgages not all mortgage providers are the same.
As a subcontractor you’ll have work flexibility and independence. But, many mortgage lenders just see that as uncertainty.
The number of subcontractors and freelancers in the UK is fast increasing. Therefore, more mortgage providers are starting to help. It’s just a case of finding the right provider to fit your circumstances.
Therefore, whether you’ve found your dream home or just looking, you need to know how much mortgage you can afford. We have considerable experience of finding the subcontractor mortgages. If you live in a BR postal area why not visit our sister website. We advise clients in Kent and Surrey.
Search for your ideal mortgage
Searching for a subcontractor mortgage ?
Why not start your search by using our online mortgage quote. Then, when you’ve taken a good look round the market, give us a call. Furthermore, rest assured, you will not be forced to leave your details. We know you’re busy so call us when you’ve got time.
Subcontractor Mortgages from MDFS
Advice without strings
Mortgage providers are working hard on designing more flexible subcontractor mortgages.
Banks are starting to realise that, despite the fact that contracts start and stop, most contractors are almost continuously in work. This realisation has led banks, and other financial institutions, to develop bespoke underwriting and alternative criteria.
Subcontractor Mortgages take in to account that it can be difficult to prove your income in a conventional manner. Contract value, daily rate and limited company incomes are suitable ways, if you can find the right provider.
Zero-hours contracts, freelance or part time employment, combined with contract work and self-employment. These are all changing our employment landscape.
It’s important to present your subcontractor mortgage in its best light. We can do that for you, fees free.
Make your mortgage adviser a regulated one
Not every mortgage advice website you come across will be the home of a regulated mortgage adviser practice. Many mortgage websites simply farm your data out and sell it as a lead. There may be nothing wrong with providing information to you. But, do you want advice from someone who’s not qualified ? However, in many cases your details are sold to a fee charging adviser and that might not be what you want.
Therefore, check out the website small print. Furthermore, does the website say what their status is ? Similarly, can you easily find details of any charges you’re expected to pay ? Are you happy to pay the charges as described ? Are any charges transparent ? Being based in Bromley and Croydon Massey Divall cover the majority of Surrey and Kent.
Any doubt, visit the Financial Conduct Authority via their website and check the register ( https://register.fca.org.uk ). Finally, make sure you’re dealing with a regulated adviser.