Mortgage nightmare!

luckyfool

Doesnt sound like the "IT Contractor" type of definition that will allow a lender to work from the gross value of the contracts. For that scenario to work we would need you to be working for a company for say £200 a day on a 6 month contract, have worked for them or someone else previously and have at least 12 months continuous contracts in the background, plus be able to demonstrate relevant experience in industry previously. We are back with needing accounts and working from 1 yrs + maybe a projection. Speak to a good broker and take it from there.

Thrugelmir

tkitmike wrote: »

I also have two contracts which guarantee a number of days work per month at a rate of pay that's double the mortgage amount.

If these are for 5 year contract terms. Then the HMRC may question your status as self employed.