“Khalid was recommended to me by a friend. We contacted him speculatively, to explore the mortgage opportunities for contractors. Although Khalid knew we wouldn't need to take out a mortgage at any time over the coming year, the level of service and advice we received was top notch. He is very thorough in his approach and takes time to explain the process, the options and provide advice on putting ourselves in the best position for the best deals”
Independent contractors often report difficulties in obtaining a mortgage unless they can supply 3 years accounts or demonstrate they have a long term contract in place.
Blackstone Financial Solutions recognise individual clients have individual circumstances. We have years of experience specialising in this area and know which lenders understand the contractor market.
We will assess your individual circumstances and recommend a lender whose underwriters understand your status.
We will assess your individual circumstances and recommend a lender whose underwriters understand your status. They will be able to assess your application based on the contract you have rather than on the number of years you have been working as a contractor.
Initially you will only need to supply a copy of your current contract and let us know the likelihood of it being renewed, together with documentation to confirm your identity, three months bank statements and confirmation of the source of your deposit.
A copy of your CV with your career experience will help. Some lenders may require additional information once they have assessed your application.
If you are a contractor via your own limited company, your income will normally be assessed on the basis of your salary plus dividends and/or net profit. However, if you carry out contract work under an umbrella company, the lender will typically use your PAYE income calculated on the pay rate of your gross contract.
Interest rates are based on the amount of deposit or equity you have and your previous credit history.
Blackstone Financial Solutions – we understand individuals.
Please call us to discuss on Bristol 0117 403 0097.
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