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
Need help? One of our advisors will get in touch to discuss your specific requirements.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE JLM Mortgage Services Ltd is authorised and regulated by the Financial Conduct Authority, (FCA), registration number: 300629. The FCA do not regulate some forms of mortgages. JLM Mortgage Services Ltd is registered in England, No. 470 1803. The guidance within this website is solely targeted at consumers based in the UK. Registered office: JLM Mortgage Services Ltd, 21a Churchyard, Hitchin, Hertfordshire SG5 1HP. Registered company number 04701803. Registered in England & Wales. *A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495. In some circumstances no fee will be payable.