Keys and House
June 14, 2016
With purchase activity slumping in the run up to the EU referendum, lenders are eagerly trying to entice existing borrowers to remortgage , creating a great opportunity for contractors to bag a long term mortgage deal. This week, several lenders have made sweeping cuts to their long term fixed rate...
Keys and House
June 07, 2016
On the 24th May Contractor Financials announced the launch of a new lender, offering rates at a considerable discount to Halifax and other contractor lenders. Initially, the lender launched with a proposition to support contractors planning to remortgage their current home only. We’re delighted to...
Buy To Let
June 02, 2016
This year alone, limited companies make up 38% of mortgage business applications, according to This Is Money . At the moment, landlords are able to deduct the running cost of their investment property, and the monthly interest only element, from the mortgage against their year-end tax bill. This...
Exclusive
June 01, 2016
Mortgage lenders show no signs of concern ahead of the looming Brexit vote later this month. Record numbers of contractor mortgages are now available and lenders continue to offer some of the lowest rates on record, flying in the face of the mainstream press who muted concerns that rates could rise...
Barclays
May 26, 2016
As of today, Barclays Bank has followed The Mortgage Works in increasing the affordability stress test of their buy to let mortgages. Barclays have taken this step amid fears that buy to let mortgages could soon become unaffordable for many people, especially when interest rates rise. In order to...
House and Keys
May 24, 2016
Contractor Financials are delighted to announce the launch of a new contractor friendly lender. The lender is the latest in a series of mortgage providers who have chosen to work with Contractor Financials clients on an exclusive basis and will offer our clients market leading rates, undercutting...
Credit Score
May 20, 2016
Obtaining a mortgage is more than likely going to be the biggest financial commitment you will ever make in your life. If you are a high earning contractor you will probably be taking on a larger amount of debt than the UK average. It’s vitally important that you put yourself in the best position...
Coins
May 17, 2016
A recent report carried out by the Financial Conduct Authority has revealed that lenders are struggling to assess borrowers with complex incomes , raising concerns that contractors could be missing out on the top mortgage deals, or declined lending altogether. The report found that whilst lenders...
Lending into Retirement
May 10, 2016
Contractor lenders are tearing up the archaic age related limit within their lending policy, as Nationwide and Halifax increase their maximum borrower age. Under the previous lending rules, Halifax and Nationwide would restrict the term of the loan to coincide with the borrowers intended or state...
Buy to let changes
May 05, 2016
Since George Osborne’s decision to disallow tax relief on buy to let income from April 2017, buy to let’s have become a less tax efficient proposition to contractors. At the moment, landlords can deduct the running cost of their investment property and the monthly interest only element from the...

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