contractor-mortgage-uk's Introduction

How to get a mortgage

as a contractor in the UK

1. Find a mortgage broker who understands you

Update: Recommended brokers are gone, find someone else.

2. Send them an email introducing yourself. You will soon be asked to provide the following information, so best you collect it before starting this whole affair.

Details for both applicants;

•	Full Name (as per passport)
•	Date of Birth
•	Nationality (If NOT British, do you have permanent UK residency?)
•	Contact telephone numbers (Home / Work / Mobile)
•	3 year address history including postcodes
•	How long at each address?
•	Do you have a mortgage at the moment? (if yes, name of lender, amount
  outstanding & approx monthly payment)
•	Any existing credit commitments? (Credit cards, loans etc.  If yes, name
  of provider, approx amount outstanding & approx monthly cost)
•	Purchase price of property - if you have an idea this is helpful (not a
  problem if unsure)
•	Mortgage amount required - I will work towards maximum borrowing (unless
  otherwise advised)

Partners Employment details:

•	Occupation
•	Employed or Self Employed or Company Director
•	Name and address of employer / business
•	Length of time with current employer
•	Annual Income (Split between basic, commission & bonus if applicable)
•	Most recent x3 payslips

Contractor details:

• Industry
• Any gaps in contracts in the past 12 months? (a gap in contract being a
  period of 4 weeks or more off contract)
• Name and address of your Ltd Co/Umbrella co
• Daily rate