Are you an IT Contractor looking for a mortgage?
We understand the difficulty faced by IT Contractors in trying to source a mortgage.
Many IT Contractors operate their business dealings as a Limited Company for tax purposes or as a Sole Trader with a short term contract.
Whilst this is often very tax efficient, we regularly find that IT Contractors struggle to place their mortgage with lenders or non-specialised Financial Advisers who do not fully understand these structures.
Lenders usually base their lending criteria on the income you draw from your business (typically PAYE earnings and Dividends drawings) rather than the actual net profit generated or do not accept a contract with less than 12 months left to run.
Is your own bank sympathetic to IT Contractors and their mortgage requirements?
You may have found us after being told by a high street Bank that they are unable to assist you as you with the level of mortgage borrowing that you require. With over 20 years mortgage experience Greene & Company have become specialists in advising and arranging mortgages for IT Contractors and have strong links with major high street Banks and Building Societies as well as Private Banks and other specialised lending sources.
If you are a First Time Buyer looking to arrange your first mortgage then click here for some useful advice.
You may be looking to remortgage your property and be seeking advice in this regard. Click here for some initial information.
Call us now to discuss your requirements and request a no obligation quote.
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Our service provides you with a way of bypassing the frustration of being rejected by lenders with an out-of-date bias towards permanent employment. We can secure the most competitive mortgages regardless of how your daily rate is paid to you. We appreciate that for tax reasons many contractors will draw a minimum salary and also restrict dividend drawings from their company to avoid higher rate personal tax.
Use our calculator to work out roughly how much you should be budgeting for the monthly payments of your new mortgage. Click here for more details.
Please call us on 020 7328 3280 to discuss your mortgage requirements. Our advisers can provide you with a fast assessment as to whether we are able to assist with your enquiry. This avoids the need for unnecessary delays and numerous searches of your credit file by Banks who ultimately cannot help you which will often affect your credit rating.
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