Mortgages For Start-Up IT Contractors

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Mortgages For Start-Up IT Contractors

In the current financial climate, securing a mortgage is difficult enough, as a startup IT contractor it can be almost impossible to find a lender through the usual channels.

Historically, IT contractors have always struggled to obtain mortgages and re-mortgages, largely due to having to provide two years of strong accounts which show an increasing profit over the period to traditional lenders, before they will consider extending a mortgage offer to a freelance IT contractor.

The days of waiting until you’ve been trading as an IT contractor for two years, to get a mortgage or a remortgage on your existing property are over.

To allow startup IT Contractors to overcome this problem, Contractor Friend have teamed up with respected mortgage and remortgage introducers - Mortgages on Rails to provide access to an exclusive mortgage product from their elite broker network, which has beendesigned exclusively for IT contractor mortgages.

With this exclusive mortgage deal, the proof of income is based on the contract daily or hourly rate, allowing the Elite Broker network to underwrite a mortgage application from day one of trading, for IT contractors, who been in the IT industry in excess of two years and have a contract in place.

Visit Mortgages on Rails to find out how you can access this exclusive mortgage deal

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