Get competitive rate mortgages
Award-winning services
No obligation
Mortgages for Pieceworkers
We have assisted a number of clients who work on a piece work arrangement where they are paid for the piece of work or task they do, for example making shoes and getting paid for every shoe or laying bricks and getting paid for every brick laid. These clients typically tell us they are struggling to get a lender to consider all of their income they earn given their piecework employment. We do appreciate this can be frustrating, especially when some clients are paying rent at a higher level than the mortgage repayments would be.
Lenders are cautious regarding the remuneration packages paid to pieceworkers and have shown reluctance to lend given the perceived lack of stability, variability and security of income.
We do work with a number of mortgage lenders who are happy to consider piece workers and the income they earn. These lenders understand that their risk is reduced if a mortgage applicant can demonstrate a track record in their employment area or similar area.
We have assisted a number of piece worker clients in various scenarios, for both Buy to Let and Residential mortgages including under the Help to Buy scheme.
Mortgages for pieceworkers is a specialist area within Capital Fortune. We have established relationships with leading providers of mortgages for pieceworkers and are familiar with their requirements. To ascertain which lenders criteria you meet, we will conduct a fact find. This will include our advisers assessing your track record of income you have received and prospects for the future. Based on this we will be able to place you with the appropriate lender offering the most competitive mortgages for pieceworkers package.
Once the mortgage application has been completed, your mortgage and mortgage protection needs will be constantly reviewed and in the event that new products become available, we will look to continually switch you to those products in order to increase the savings in a hassle free manner.
There are three stages to our award winning process:
1 | Indicative Rate |
Typically clients using the service, tell us they want to discuss their current situation and take us through any difficulties they may have. We can quickly give an indication as to the feasibility of what they are looking to do, undertake detailed research on the potential rates, confirm we can safely assist and importantly, express how we operate. | |
2 | Approval in Principle |
This stage involves completing a 45 minute Mortgage Fact Find questionnaire over the phone to fully assess needs and requirements. Once complete, we undertake research across a comprehensive panel of lenders to recommend the right mortgage. A detailed illustration is provided which we will take you through. If you are happy with the illustration we will then request documents from you to support the application. On receipt of the documents we will obtain formal approval in principle from the lender. | |
3 | Full Application |
We will process your full mortgage application and liaise directly with the lender on your behalf. We organise the valuation and deal with any issues that may arise during the mortgage application. |
We still appreciate however, we are not right for everyone and typically we best assist clients
- With non-standard/non-traditional requirements;
- That are time pressed and need the most competitive and quick results; or
- That just need an independent guiding hand through the minefield of products to obtain them the most competitive deal and to assist them through all the complexities within the mortgage process.
We pride ourselves on delivering advice which is accurate, tailored to your situation and fully compliant with Financial Conduct Authority (FCA) guidelines and best practice.
For help and assistance, call us today on 0207 710 0400 to speak to one of our Mortgage Advisers.
rated our service
What our customers say
Find out current Rates
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Commercial Mortgages and some forms of Part Commercial & Buy to Let mortgages are not regulated.
In assessing your requirements, we do not use credit scoring and we can provide an accurate estimate of the amount of borrowing and the viability of your requirements, without effecting your credit score.
We avoid credit searches at the initial stages given that numerous credit searches will impact your ability to access cheap credit. It is clear that too many credit applications in a short period of time will impact your score and whilst it is important to shop around, formal applications for a mortgage can trigger rejections, as it gives the impression you may be desperate for credit. It is essential when making enquiries for any financial product, that the Company does not credit score you, until such time as you have agreed to make a formal application.
We can indicate your chances of approval prior to any application being made and where necessary, can obtain decisions in principle from lenders who do not use credit scoring.
Discounted Rates
Lender | Rate | Type |
---|
5 Year Fixed Rates
Lender | Rate | Type |
---|
Get competitive rate mortgages
Award-winning
Mortgage Advisers
Fast Decisions
National Coverage
Holistic Approach
Comprehensive Panel
Direct Access to Underwriters
no obligation quotes