If you're thinking about applying for a mortgage, read onMany contractors and freelancers believe that they're unable to secure a mortgage. This could be for a number of reasons like irregular income and length of contract . There are brokers that can help you apply for a mortgage but not all truly understand the contractor or freelance marketplace. Some are unfamiliar with dividends and could suggest that you increase your salary to a much higher rate rather than remaining tax-efficient by taking a small salary and regular dividends.
To help our customers get the best advice and biggest chance of securing a mortgage that suits them, we've created Crunch Mortgages which is a partnership with our good friends over at Seico.
Crunch Mortgages is the perfect solution to help secure your first mortgage, re-mortgage or move home.
Check out Crunch Mortgages and remember that as a Crunch customer you'll receive:
- Free consultation from our contractor and self-employed mortgage brokers with access to the whole market
Mortgages based on your day rate for contractors, or on your previous year’s Self Assessment for freelancers and sole traders
Your own broker to guide you through the process
If you have your own broker, not to worry we're happy to support this and but charge £50+VAT for a Mortgage Reference. Our advice is to show your broker the mortgage template attached to this article as we follow guidelines published by the ICAEW and there's little scope to change some of the caveats listed throughout.
We'd rather highlight these to you now before you engage us for the service and then we're unable to help you with the reference.
Please note that we're unable to provide mortgage projections