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FTC vs day rate contract - is one better than the other for mortgage purposes?
Greymug
Posts: 369 Forumite
I am an IT consultant, so far I have worked as a day rate contractor. I am about to receive a contract offer and I am given the possibility to either do the contract as a day rate contract or as a FTC (fixed term contract).
I'm just wondering if one work engagement is better than the other for mortgage purposes? I mean, when I apply for a mortgage, are these two types of engagement seen and treated differently? Do lenders view one more positively than the other?
If not, I will just choose the one that maximise my take home pay.
I'm just wondering if one work engagement is better than the other for mortgage purposes? I mean, when I apply for a mortgage, are these two types of engagement seen and treated differently? Do lenders view one more positively than the other?
If not, I will just choose the one that maximise my take home pay.
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