Log in using your ITContractorsUK account
5 New Contractor Mortgages Friendly Lenders Enter The Market
Article Author: Steve Smith Posted on: April 30, 2015 (Full Author Bio in the box on the right side)
3978 views
Over the last 12 months, 5 new contractor mortgages lenders have begun to offer mortgages based on daily rate.
There’s been considerable innovation in the space over the last year; even more lenders are offering higher Loan To Values (LTV) and accepting clients with breaks in their contracting history.
UK Contractors have more choice than ever before, because of the new market entrants. Mortgages available to Contractors based on a multiple of their daily rate has soured over the last 12 months to a record breaking 1,198 mortgage products, 142 of which are available exclusively through ContractorFinancials.
Rates at most Loan To Value (LTV) are amongst the best in the market with contractors borrowing at 60% Loan To Value (LTV) having access to the three best rates in the market.
This is exciting news for Contractors, many of whom may have felt that their mortgage options were limited because of the unique way in which they work, and with more lenders set to enter the Contractor Mortgages market this year the number of options can only increase further.
You will have access to the same rates as your permanent colleagues at your chosen Loan to Value (LTV) and can even access the Government Help to Buy scheme that enables you to purchase with just 5% deposit.
Over the last 15 years the Advisers at ContractorFinancials have helped over 22,000 Contractors to avoid the financial pitfalls that you will often face if you go it alone and the great news is that they won’t charge a fee so you save £695 when you apply through IT Contractors UK.
UK plc confused about T&S regulations says FCSA research 
The rise of the female contractor 
Why compliance has lost its meaning for contractors 
A checklist and timeline for new Contractors 
HMRC admits contractor tax change legislation needs a rewrite 
5 Trusted Contractor Services Providers in the UK 
Why Contractors MUST Download TeraCopy Freeware 
First Time Buyers take advantage of the new Help to Buy ISA 
The golden rule of Contracting 
What forms do I need to submit In my tax return? 
The future of IR35 in the public and private sectors 
Sole Enterprise with Protected Assets or Limited Company - Which is better for Contractors? 
Limited Company Vs. Umbrella Company Guide for UK Contractors 
How will the new tax year affect IT Contractors and Umbrella Companies 
What all recruiters need to know 
Amendments in Finance Bill to prevent misuse of Personal Service Companies 
Will the low rates mortgage price war benefit UK Contractors? 
Do I Need To Complete The Self Assessment? How To Know If You Have A Tax Return Due 
Top 5 things a first-time Contractor should do when switching to Contracting 
APSCo backs call for strategic review which could end raw deal for contractors 
How much salary should I pay myself as a Limited Company Contractor 
Autumn Statement 2016 - How will the VAT Flat Rate Scheme Restriction Affect Contractors? 
Personal Service Company Guide for UK Contractors 
RIP Business Entity Tests 
Understanding tax basics - a guide for contractors 
Top 10 cash flow tips for IT Contractors 
Registrar of Companies Scam Letter sent to Businesses 
Fun ways to save money for the adventurous contractor 
Where is your IT contracting career going 
General Elections from the Tax perspective for UK Contractors 
Benefits for Freelance Contractor Mortgages Insurance 
Umbrella Company and IR35 
MP David Morris calls for new IR35 legislation for Contractors 
What does change in dividends mean to UK Contractors 
How the 2015 Budget could affect you as an Independent Contractor 
How to avoid time between contracts 
What a Directors loan means and who can take one 
The top 3 common mistakes Contractors make 
How will Autumn statement affect Contractors? 
How IR35 reforms in the private sector going to affect the self-employed? 
Doubt is cast on HMRC new IR35 proposals for contractors 
FCSA submits its official response to the HMRC consultation 
What can Limited Company contractors expect from the Budget 2017? 
How will Supervision Direction or Control rules affect Contractors 
Election 2015 - what is in it for contractors and freelancers 
What is Required For Your First Digital VAT Return: Making Tax Digital 
How HMRC continue to confuse matters for Contractors and Agencies 
Great Chance to Win a Trip to Monaco for IT Contractors 
6 free tools all contractors should use 
Is contracting the key to a successful and family-friendly career 
IR35 IT Contractors And Office Holders 
Relieve the stresses of Limited Company contracting with 4 simple solutions 
Simple guide to Tax relief on Motor expenses and business mileage 
Intermediaries' legislation - IR35: What is the likely impact of the new rules for contractors working in the public sector? 
The 10 commandments of contracting 
Changes to the Flat Rate VAT Scheme are coming - are YOU ready? 
Why Contractors in trust based schemes should think twice 
Beginners Guide to IT Contracting 
Is Umbrella Company the best solution for first-time Contractors? 
RTI offers annual option for contractors 
Chancellor announced dividend tax hike from April 2016 
HMRC Employment Status Service tool - How accurate is it in determining the IR35 risk for contractors? 
Contractors feel puzzled of the UK job market 
10 Must Have iOS Apps for UK Contractors 
First Time Buyers get cashback on Contractor Mortgages 
Is there light at the end of the tunnel for UK Contractors 
Insulting to Contractors 
How to deal with unplanned time off for UK Contractors 
5 benefits of contracting through an umbrella company 
The Taxman is going to war on UK Contractors 
Contractor paid 2500 GBP to HMRC for tax return mess up 
How Important is IR35 and Tax Planning to Contractor Accountants 
What is Contractor Mortgages and how to secure the best mortgage deal? 
Barclays and Citigroup are the latest to cut IT Contractor pay 
FCSA urges Osborne to get his facts right before tarnishing all contractors 
How can a contractor be a winner in the tax race 
Why Contractors Need To Understand IR35 
What is the 24 month rule and how does it apply to Contractors 
How does the recent IR35 changes in the public sector affect UK contractors? 
How important is it to protect your income as a contractor 
Why Contractors should save for a rainy day 
Why Contractors should never stop learning 
Festive Gift Ideas for Limited Company Directors 
Professional Indemnity Insurance Explained 
FCSA calls for HMRC to abandon its consultation on public sector use of off payroll staff 
Limited Company OR Umbrella Company 
Budget is good for small business but still hurts contractors 
Is it time to break up with your Accountant 
Why Brexit will not be an easy exit 
Why Contractors should set up a home office 
The true value of umbrella companies for UK contractors 
How IT Contractors can become an expenses wizard 
Parents working full time file petition for free childcare 
Why it is important for Contractors to network effectively 
5 New Contractor Mortgages Friendly Lenders Enter The Market Latest Posts
-
Staying HMRC Compliant: VAT Returns Have Chan...
by Amanda Swales on January 29, 2020 Accounting & Tax -
Self Assessment Tax Return 101 - Filling In T...
by Amanda Swales on January 15, 2020 Accounting & Tax -
-
