What Is an IT Contractor Mortgage? Contrary to the term, ‘IT contractor mortgages‘ aren’t specific loan products solely for IT professionals. Instead, some lenders, like Halifax, Barclays, Nationwide, and Santander, offer contractor mortgages. These mortgages cater to individuals with irregular income, like IT contractors, whose earnings may not arrive as fixed monthly salaries. Traditional mortgages […]
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A Guide to Buying a Home with IT Contractor Mortgages
How To Get a Mortgage With A New Job?
Can You Get a Mortgage with a New Job? Yes, you can get a mortgage with a new job. It’s quite common for people to apply for a mortgage when they’ve just started working somewhere new. Different lenders have their own rules about this, so while some might be accepting of your new job situation, […]
Getting a Mortgage on Maternity Leave: A Complete Guide
Can I Get A Mortgage On Maternity Leave? Yes, you can get a mortgage on maternity leave, but it requires careful planning and choosing the right lender. It’s important to understand that lenders typically assess your affordability based on your income, and since your income is lower while on maternity leave, this can impact the […]
A Guide To Getting A Mortgage As A Freelancer
Can Freelancers Get Mortgages? Yes, freelancers can absolutely get mortgages! However, the process is typically stricter compared to salaried individuals. This is because lenders require evidence of consistent income, and freelance income can fluctuate more than regular salaries. The good news is that there are a growing number of lenders willing to consider freelancers, recognising […]
How To Get Mortgages with a Fixed Term Contract: A Full Guide
What Is a Fixed Term Contract? A fixed-term contract is a type of job agreement with a clear end date. This means if you’re working on a fixed-term contract, you’re hired for a specific period. This could be for a few months or even a year or two, usually to complete a particular project or […]
Does Gambling or Betting Affect Your Mortgage Application?
How Gambling Affects Your Mortgage Application When considering your mortgage application, lenders like to get a clear picture of your financial situation. This includes taking a peek at your bank statements, where they might notice any gambling transactions. Here’s what could raise a red flag: – Big spending. If you’re spending a lot more money […]
