Published date: October 13, 2020
When it comes to how much you can borrow, much will depend on your individual circumstances. Lenders will look at the type of contractor you are how long you have been contracting for how long you have worked in that particular industry your track record of having contracts renewed and how long you have left on your existing contract. As a general rule, the longer you have been contracting and the stronger your track record, the better. If you’ve only recently become a contractor and have no track record, it will be harder to get a contractor mortgages and even if you can, the loan-to-value may be fairly modest so you will need a bigger deposit.
Category: Other Services