Gordon's Blog | Been there, Done that, Got the Contractor MortgageI have worked in financial services for the last 20 years mainly within Mortgages and in the Investment Banking sector.I have had the good fortune to work for over 15 years in the mortgage industry and have advised on mortgages but also led processing teams within the mortgage arena therefore believe I have an in depth knowledge of the end to end process.However, even more importantly, I've tried to buy a house when I was a 'day rate contractor' and years ago found this next to impossible, I couldn't believe this. I also had a good friend who had worked in I.T. for all the major banks, had great credit profile, literally no career gaps, on £500 per day, and yet lenders didn't want to lend to him. Unbelievable.Therein, lay the idea to start a specialist service with people here who know the contract market, know the lenders' criteria, and crucially can provide an exceptional personal service. It is with this in mind we not only give you advice on the mortgage but also basically hand hold you until you get the key in the door.I'm pleased to say these days of lenders not wanting to know have changed and we have a number of lenders willing to consider the 'Contractor' the same as an 'Employed Person with payslips'. Given sometimes the reluctance for potential Employers to sign people up on Employed contracts these days it is a breath of fresh air that many lenders (and more to come on board soon) will value the day rate contactor as secure as someone employed these days.For more information on how we could potentially help you, phone 0800 211 8700 or fill in our online enquiry form.I look forward to hearing from you.Gordon HunterManaging Director
