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Contractor Mortgages
Up to 95% LTV
No Accounts Needed
Based on Daily/Hourly/Weekly/Monthly Rate
Umbrella Companies & IR35 Considered
No Contract Experience or Industry Restrictions
Step 1
Enquire Online
Step 2
Speak to an Advisor
STEP 3
We'll arrange the mortgage
Step 1
Enquire Online
Step 2
Speak to an Advisor
STEP 3
We'll arrange the mortgage
Mortgages for Contractors
It was quite an easy decision to make….the run of the mill mortgage brokers really were not going to be able to help me on this one. I would recommend Capital Fortune to any one asking and I do so too. Joe Crosby, Golders Green
Many clients tell us that they struggled to obtain a mortgage whilst working on a contract. They tell us that it is frustrating, as they earn more money than being employed, however can be restricted from a mortgage perspective.
We are often told there are an array of different comparison websites and brokers out there, however their specific requirements do not fit the traditional ‘mould.’
We work with a range of contractors across numerous industries. We help with fixed term contracts as short as 6 weeks up to 3 years. We can also help with open ended contracts.
There are no restrictions on the industry you work in or the previous experience you have. We can even help without the traditional 2 years tax returns or finalised accounts.
We are often told that certain industries do not offer the traditional permanent employment contract many lenders are looking for. We work with lenders who take a much more holistic approach.
Clients can also be considered working through the Contractor Industry Scheme (CIS,) umbrella companies or within / outside the IR35 framework.
If you are a contractor and are looking for a mortgage, contact us today!
Capital Fortune are a blessing…I feel like I’ve got the best rate on the market and a very personable and friendly service.
Reuben, South London, SE27
Clients we help in similar situations, typically tell us of their annoyance at the range of different lending criteria and wish to understand whether they qualify for a specific deal. Typically they tell us they are confused as to why lenders seem to have different rules when assessing contract worker when compared to employed applicants. They are frustrated that, although their contract work makes entire sense to them from an income point of view, they are finding it difficult to find a lender that will consider offering a mortgage to them given they may only have started contracting recently, their contract may expire shortly or not guarantee an income stream or they may have multiple contracts. They are concerned also that lenders may not consider their income structure such as hourly rates, day rates or other methods of payments. They often ask us to assist in arranging a mortgage up to 95% of the value of a property. They just want the overall best mortgage based on their needs and requirements but appreciate the risks in being declined by a lender. They may have spoken to a number of brokers without success, before making contact with us.
They arranged a re-mortgage for us…. which was unusual and certainly must have been difficult. It went through smoothly, more smoothly than any other mortgage I’ve taken out.
RH, Stanmore
Our contractor mortgage advice service is based not only on knowing all the mainstream UK lender’s criteria but also on our ability to access bespoke mortgages for non standard and unusual situations.
As you would expect with an award winning company, all our finance is arranged through fully authorised, regulated mortgage lenders, whom can offer Capital Fortune, exclusive products and rates.
As a comprehensive panel of lenders broker in this area, we know our lenders and lending criteria. Importantly, we appreciate the ambiguities and difficulties in this area of UK lending and work to provide an appropriate solution. We regularly assist clients with mainstream and complex finance and we are UK specialists for clients who work under contract
We have been voted the Overall Adviser of the Year for the largest UK mortgage and protection network, two years in a row and have recently won a national industry award for Excellence in Treating Customers Fairly. A number of our clients watched us on BBC TV Newsnight and supported our shortlist nomination for Best Broker Prime and Best UK Mortgage Adviser at the prestigious Money Marketing Financial Services Awards and British Mortgage Awards respectively.
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
Mortgage Application
We will apply for the mortgage on your behalf, submit the necessary documentation and liaise with the lender to obtain your mortgage offer.
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.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Rates are updated daily and can be withdrawn at anytime without notice by lenders.”
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 Buy to Let mortgages are not regulated by the Financial Conduct Authority.
They get the job done, know their stuff, and do it on time.
By: Paul Pavlou
They did what they said they were going to do and got the job done in a timely fashion.
These are th....
For service - Mortgage to assist with: REASON_BTL_REMORTGAGE
