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It is possible to raise a mortgage where you are employed by your mother, father or other first degree relative within a family business.  Typically expect to have to provide 3 months bank statements and 3 months payslips.  Note this applies to applicants who are employed and have very little or no shareholding within the business….

In recent months the number of lenders offering mortgages based on employment contracts has increased.  The general rule is that to fit policy you must fit one of two rules – a) You must have a continuous employment history of working on a contract basis for the last 24 months Or b) You must prove…

If you wish to reduce your outgoings in the new year, one way to achieve this is to raise your mortgage balance and with the additional funds available pay off any outstanding credit cards, personal loans or car finance.  These often unsecured debts have higher rates of interest than your mortgage and are repaid over…

If you earn more than £500 per day or £75,000 per annum then we should only require you to have a current continuous employment of 12 months or more with 6 months of the contract remaining or 2 years continuous service in the same type of employment to organise a mortgage for you. If you earn less…

Whether you are employed or are self employed it is almost certain that as part of your mortgage application process you will have to pass an affordability check.  Affordability checks have become slightly more sophisticated since the mortgage market review took place in April 2014. Thorough mortgage brokers will often run a detailed affordability check prior to…

Sub Contractors, Fixed/short term contracts and Agency workers Mortgage Applications will be considered from the above employment types if you have a current continuous employment of 12 months or more with 6 months of the contract remaining or if you have 2 years continuous service in the same type of employment. Evidence of your employment track record may be…

The majority of mortgage lenders are now lending to age 70 without the need for proof of income in retirement; I have found this mortgage policy will generally suffice for many people.  On occasion banks will lend to age 75 assuming you are a fair way off retirement, and that your role is not physically demanding….

Lending to those recently employed or in probationary employment.   During the past couple of weeks I have received communications from banks willing to lend to those only recently employed.  In fact, applicants in day one employment or even an applicant providing a contract of employment in the weeks leading up to employment can be…

 I have spent the last few months organising mortgages for several clients who have been contracting out their services to one or two larger firms.  These clients have worked in various industries – nuclear, media, professional services, the health service, IT etc. From UK lenders perspective these clients can demonstrate a consistent employment history and…

Since self-certification mortgages were abandoned by many mortgage lenders several years ago, it has become really difficult for employed and self employed people to prove their income to get a mortgage to help buy property. I have had some success in the past with helping clients receive mortgage offers depending on an individual’s circumstances.  Many self…

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