IT Contractor - mortgage

holly_hobby

As there are multiple contracts, IMHO and experience, you will definately for mge purposes be classed as normal self emp i.e need to produce 2/3 yr books, with affordability based on income & divs.

Having a mge free house is great for you, but little use to the lender, as all borrowings are based on the ability to pay, which is denoted in the case of s/emp by the info in their books. And this is exactly the situation a self cert mge comes into its own - unfortunately as far as I am aware they all bit the dust in the financial fallout - an active adviser on here with mortgage sourcing software such as mortgage brain, will be able to tell you if any have re-entered the market.

So in place of this, I can only think of Halifax who may still use the fast track mge process (which I think are for purchases also), you could submit an app, pray for an A or B pass and keep your fingers crossed that they don't require sight of your books. Just as a heads up - I must also advise that Halifax do reserve the right to sight of proof of income, even if you score an A or B credit pass, and may request this at any stage of the mge process - you may consider it worth a punt, but you must be aware that if declined by Halifax upon their review of your books, any processing fees paid up to that point will be forfeited.

Hope this helps

Holly

PRG123

Ok - thanks