C&F Mortgages’ sole purpose is to provide contractors and freelancers access to mortgage borrowing. We help self-employed people get onto the property ladder where the High Street fails.
It’s no secret that many people decide to work for themselves for two reasons:
- they can earn more providing a service in which they specialise as an individual;
- HMRC tax breaks afforded to limited company business owners are amazing compared to working via PAYE.
The problem is, once an accountant has worked their magic, your net take home pay is low. More often than not, you ‘pick up’ enough to make a small National Insurance contribution. You retain the rest of your income in the business.
For your long term prosperity and immediate cash-flow, such tax efficiency is a superb tactic. Take this ‘proof of earnings’ to a High Street mortgage lender, however, and the opposite is true. They look at your take home pay, then the amount your want to borrow and your application crashes and burns right there.
That’s where we, as an independent mortgage broker of some renown, can help.
The C&F Mortgages Difference
There are several companies, both online and off, offering contractor and freelancer mortgages. Some are affiliates, some work with a panel of lenders and others work with all comers.
We don’t subscribe to any of those models. C&F Mortgages is a whole of market, independent specialist broker. We only work with freelancers and contractors because their unique status demands extra attention.
This focus has helped us hammer out deals with underwriters that cut out the High Street all together.
With the best will in the world, an in-branch IFA will never ‘get’ taxation like your accountant. We know that, you know that and so do underwriters. So why put them (and you) through that pain barrier? There’s no need.
Less is more – using your contract to buy your home
We use your contract rate as the basis of your mortgage application. Along with a CV, bank statements and proof of ID, that’s all you need.
I know. That’s not what a member of staff at a local branch has told you. It may not even be what your peers have told you. But this is how contract-based underwriting works.
Underwriters will consent to look at your application, but only if it’s packaged in a certain way. They don’t want us to send them irrelevant paperwork they have to scour through to find out what you’re worth. That means NO Trading Accounts, Pay slips, P60’s, SA302’s or Tax Returns.
Our negotiations have given us access to all manner of mortgages at competitive rates. We can help freelancers and contractors who are:
- buying their first home;
- up- or down-sizing, moving to a bigger or smaller home;
- looking to invest in their future with a Buy-To-Let property;
- remortgaging for a better interest rate or to release equity;
- only able to offer a small deposit and want to use Help-To-Buy to get on the property ladder;
- struggling with impaired credit.
Whichever type of contractor or freelancer you are, we want to help you.
Getting onto or moving up the property ladder needn’t be hard work. It’s nowhere near as complicated as most High Street lenders make it. But you do need someone on the end of the phone who knows what they’re talking about.
All our advisors understand contracting and freelancing because they live that life themselves. That connection, that understanding – that is the C&F Mortgages difference. And it’s waiting to work for you.
Here’s what you need to do next.
Simply call us on 0208 421 7788 or click on our Request a free quote button below and we’ll start searching for the best contractor mortgage for you.