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Secure a mortgage regardless of gaps

February 19th, 2016

Two contractor-friendly lenders have introduced new lending policy allowing contractors to secure a mortgage regardless of breaks between contracts.

Furness Building Society and Kensington Mortgage Company have opened their doors to clients that have taken a break, provided that they had less than 6 months out and have been back contracting for 6 months on application. Contractors with a strong track record who do not fit this criteria can still be considered.

Clients looking to take advantage of the new criteria will have access to the full standard product range of both lenders.

In the past, contractors have needed a 12-24 month continuous contracting record in order to qualify for a mortgage. However, one of the major benefits of flexible working is the freedom to tak

e a break when you want, with the majority opting for a less frequent extended period of time off.

Contractors no longer need to worry about whether this choice will put them at a disadvantage when it comes to getting a mortgage.

To find out more and to discuss your options please contact us today!

Article By: Ratchelle Deary

Media Contact: Ratchelle Deary, Public Relations Manager

Tel: 01489 555 080

Email: ratchelle.deary@contractormortgagesuk.com

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