Category: Self-Employed Mortgages

Buying a home is everyone’s dream. But obtaining a mortgage can be challenging for some people. Especially those with bad credit history. A mortgage guarantor could be the answer. But do banks accept guarantors for mortgages post the financial crisis?

For many people who aspire to own their own home, taking out a mortgage is a much more realistic prospect than purchasing a property outright. However, taking out a mortgage requires borrowers to satisfy the criteria lenders set.

If you have plans to purchase a home, understanding the ins and outs of mortgages can be invaluable. With the right insight and preparation, you don’t have to wonder ‘what will I need to get a mortgage?’

Buying a home can be intimidating, especially for first time buyers new to the process. There is a lot that can go wrong, including problems found during the survey, your offer being rejected or your mortgage application being refused.

Homeowners looking to move home or remortgage their existing property will need to arrange finance to cover the cost. For most people, this means applying for a mortgage. But how do you know if you’ll be approved?

Following the demise of self-certification mortgages in 2008, many contractors mistakenly believe they will no longer be approved for a loan. So, it’s no surprise that ‘Can I get a mortgage as a contractor?’ is one of the most common questions we get asked.

When you apply for a mortgage, whether it’s for your first time or your fifth, being prepared is the best position to start from. Understanding the answer to ‘what do you need for a mortgage?

If you’re an independent contractor looking for a mortgage, you may be concerned that your working status might affect your application’s success or how much you can borrow.

Propertymark states that the government is unlikely to meet the 300,000 houses per year target until 2028. For 2020 the total new build completions amount to 220,600 which makes the target not achievable.

If you’re an IT contractor or a self-employed individual, you have a lot of freedom. You can choose your own projects, the hours you do, and when and where you work.