Contractors, whether IT, Banking or other professions, find that Lenders treat them as self-employed, which restricts choice an loan size. Our many years of experience in this sector means that we can access lenders who will use your contract value or day rate, to give you what you require with much less stress.
Mr M had been employed in the IT industry for many years and working as a self-employed contractor for 18 months. As a new business, while his daily rate of pay was high, his net profit for his first year of business was modest.
We were able to find a high street lender who was happy to lend on the contract value, rather than his self-employed income, meaning that his borrowing capacity was three times higher than it might otherwise have been.More info
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JLM Mortgage Services Ltd is registered in England, No. 470 1803. Registered office: JLM Mortgage Services Ltd, 21a Churchyard, Hitchin, Hertfordshire SG5 1HP. Registered company number 04701803. Registered in England & Wales.
JLM Mortgage Services Ltd is authorised and regulated by the Financial Conduct Authority, (FCA). We are entered on the Financial Services Register No: 300629 at https://register.fca.org.uk/.
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain, and you are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows:
The Financial Ombudsman Service Exchange Tower, London, E14 9SR Tel: 0800 023 4567 or 0300 123 9 123 www.financial-ombudsman.org.uk
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