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mortgage for contractors

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I recently changed my job to contracting from permanent. My re-mortgage is due early month. I am wondering how is the mortgage eligibility calculated for contractor? For permanent it was x times of your annual salary (5 times nationwide). How is it work for contractor who are working in daily rates?

Comments

  • amnblog
    amnblog Posts: 12,730 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    For ones who have only just started contracting it's a problem.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What options have the Nationwide offered you?
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