Mortgages for Day Rate Contractors

Gurdeep had had his offer accepted on a new build property, he was ready to start the next chapter of his life but met decline after decline from banks and other brokers. Because he had his own limited company, everyone he contacted treated him as self employed when in fact he was a Day Rate contractor, outside of ir35 legislation. We assessed the status of his limited company, his current contract and tis value and within the same day found a lender who would assess his total contract income, rather than just his net profit. By speaking with one of our experienced specialist brokers who knew how to assess contractor income, his mortgage affordability doubled and he was able to move into his new home.