Contractor Mortgages Made Easy reveals why we are the number one mortgage advisory service of choice. We showcase why a contractor mortgage is highly beneficial, and how you can purchase your dream home with us.  

Transcript

Contractor Mortgages Made Easy makes the process of buying a house easy.

One of our clients, Mauros, found a dream home in his local town, and started the process of applying for a mortgage. He approached three high street banks, sat through long interviews, provided rafts of paperwork and documents, only to be told that he wasn’t eligible for a mortgage because he was a contractor.

The fact that he didn’t have accounts, and also his salary in dividends from the company were relatively low, around £40,000, meant that he was too risky for the banks. Mauros came to us after reading an article on our website, and within just 8 working days of contacting one of our mortgage advisors, we were able to secure a formal binding mortgage offer with a reputable lender.

So what do we do differently?

We provide our clients with access to expert advisors, and exclusive lending solutions from a range of high street lenders and specialist banks and indeed buildings societies.

With a conventional mortgage, if you’re on a daily rate of £500, that’s roughly £120,000 a year. A traditional lender will just look the salary and dividends you take out of your company, typically £45,000. The lender will lend a multiple of that figure, maybe 4 times, which means you can only borrow £180,000. Despite the real income being far higher

A contractor mortgage is far easier and more practical.

With a contractor mortgage, the lender takes account the entire gross annualised contract rate, £120,000. And they will lend again, 4 times that figure, which means you can borrow up to £480,000.

That’s a huge difference.

£180,000 versus £480,000.

Or to put that into context, that’s a one bed flat, versus a 4 bed semi.

But it’s more than just a higher loan amount.

Thanks to the way we work with lenders, we are able to save you a lot of time as well, a typical mortgage application with us takes just 8 working days, compared to the high street were, going back to Mauros’s example, clients can waste weeks without no end result.

Ultimately though, it’s about certainty. When buying a property, what clients really want is the certainty that knowing that they are going to able to secure a mortgage.

Contractor Mortgages Made Easy can take the uncertainty out of an already stressful process. Contact us today to discuss your requirements with one of our expert advisors.

 

 

 

Sign up to our newsletter

By clicking subscribe you agree to our privacy policy

We respect your data

We'll always treat your personal details with utmost care, and will never sell them to other companies.

We'd like to send you updates about products and services, promotions, exclusive offers, news and events from CMME by email, SMS, phone and other electronic means. You can unsubscribe at any time by contacting us through email, telephone or post.