The Problem For Self Employed Contractors
Expert Mortgage Advice for Self Employed Contractors.This is a very typical situation when you are a self employed contractor. You’ve finished your accounts for the year. Your accountant has deducted all your equipment, mobile phone costs and probably a few receipts for McDonalds for those ‘away from home’ expenses and now you have a nice […]
Should I Fix My Mortgage For 2 Or 5 Years
Should I fix my mortgage for 2 or 5 years This article describes some of the important decisions that CIS Subcontractors need to make on there mortgage. The questions we get asked by lots of our sub contractors is whether the mortgage should be fixed for the short or longer term. This is quite a […]
The General State Of The UK Housing Market
UK home buyers are being greeted with fewer choices and a housing market that is becoming stagnant. Could this be a result of Brexit or possibly the fault of an uncertain election year? The Royal Institution of Chartered Surveys recently released a report that suggests the slowdown in the housing market could be due to […]
Good News For Our Latest CIS Construction Worker
I thought I would take this opportunity to update our CIS readers with a recent success story. Chris contacted us as he has already been declined by most of the high street for a mortgage. His problem was that although he is self-employed he had just started as a CIS contractor with a building firm. […]
How To Plan For A Mortgage If You’re Self-employed
It is estimated that around 1 in 5 workers in the UK now self-employed, or working on a zero-hour contract, the mortgage market has finally woken up to the need to rethink some previous assumptions. Until recently it was common practice for a lender to demand a minimum of two years accounts when assessing a […]
3 Ways Your Contractor Status Can Impact Your Mortgage
Recent court battles involving companies like Uber and Deliveroo have highlighted there is nothing transparent in UK employment law: it’s more of a deep murky sink hole, rather than a beautiful, clear pool. If you’re working as a contractor, you might be happy with the flexibility that the status gives you. But if you work […]