Contractor mortgage - can we "ignore" my income?

nottonight_josephine

Hi there - we are currently looking at remortgaging our house to get a lower interest rate. OH is full time employed and I'm an IT contractor, which is where my question arises - I know being a contractor limits the lenders/products available to us somewhat, but am wondering whether this is still the case given that OH's salary is actually enough to cover the mortgage on his own (just over 50% LTV and the amount borrowed would be just over 3 x his income). Both have good credit histories, no dependents.

Can we therefore just apply directly to the deal we want (which is with Barclays) on the basis of his income and not worry about mine or is this more complex and we therefore need a broker?

My current contract has 4 months left to run but I've been in contract continuously for around 2.5 years and before that was doing a similar role but on a permanent employment basis.

Thanks :beer:

ACG

If your income is not needed it can be ignored.