Many lenders are making it more and more difficult for certain people to get a mortgage.
For instance the self employed seem to have more and more hurdles to overcome in applying for a mortgage, company directors are also treated as self employed and face the same issues. Contract workers whether self employed or paid directly are often treated unfairly by mortgage lenders.
At Westexe we have lenders who will treat everyone fairly, no matter what there employment status is.
We have lenders who will require only one years trading accounts for the self employed, who do not require a minimum trading period of more than one year.
For company directors, most lenders will only use the salary and dividend income to assess how much they can lend. At Westexe we have lenders who will also use the applicants share of the company’s Net Profit. This can have a huge beneficial effect on how much can be borrowed.
More and more people these days are working on annual contracts. The trouble with this is that it is not regarded by many lenders as permanent employment and therefore the application is declined. We have lenders who will accept annual and longer term contracts, even when there is only 6 months left to run on the current contract (even if it is the first contract) This is particularly helpful to professional sports people and IT workers.
These are just a few examples of how we can help in all circumstances. So whether you are first time buyers and employed on a permanent basis, are looking to re-mortgage or are moving house. Contact us at Westexe Mortgage Solutions for an unbiased whole of market appraisal of the best possible mortgage deal for you.
Why should you use a mortgage broker? It is our job to know the most appropriate lender to suit the applicants circumstances. To know which lenders are likely to lend the most and offer the best possible mortgage rate. In other words we match the applicant with the best lender and we manage and monitor the application from start to finish. This process helps to avoid costly mistakes and damaged credit profiles, by avoiding mortgage declines. It also provides peace of mind, knowing that you have achieved the best possible solution to match your individual circumstances.
Please call us 24/7 on 01392 216 344 for free advice without obligation