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IT Specialists/ Contractors
Nowadays, numerous lenders are open to granting mortgages for contractors. As an IT contractor, your field is often seen as stable by many lenders. However, there are still some mortgage providers who might not handle non-PAYE applicants well. Therefore, it's essential to identify the right lenders to approach and more importantly, to prepare your application properly to align with their specific packaging requirements.
IT Specialist/ Contractor: Resources and Tips
FAQ
IT Specialist/ Contractor: FAQ
Will lenders consider my daily rate?
There are lenders that will consider lending to daily rate contractors, they are likely to want to see a minimum of 12 months contracting history or two years experience in your given field. In some instances exceptions can be made subject to lender approval.
How does IR35 affect my chances of getting a mortgage?
Being categorised as inside IR35 shouldn't impact your mortgage prospects, but it may affect the choice of lender.
Will a gap between contracts effect my chances of getting a mortgage?
This may or may not effect your application, it depends on the length of the gap and reasoning for the gap.
Contact Us
Why not give us a call on 0203 633 4342, for an initial chat with one of our Mortgage Advisors?
0203 633 4342
IT Specialist/ Contractor: Contact
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