If you're self-employed, you expect to encounter a few more challenges when trying to secure a decent mortgage deal. Lenders are more likely to offer mortgages to self-employed contractors if they can present at least two years' worth of accounts. But for those who have only recently started working for themselves, this can be a long time to wait. This was certainly a concern for one of our clients who sought our help to secure a new mortgage deal. She was desperate to release some equity to co [...]
Here at Hawk Mortgages, we are an independent mortgage advisor. We are contractor mortgage specialists who have an excellent track record in getting the best mortgages for self-employed workers. Since we are independent, you can be sure that any deals we bring to you will be the best we can find for you - and not for the mortgage companies. Recently we were able to arrange a remortgage for a married couple who wanted to release equity from their home to purchase a Buy To Let Property. Contracto [...]
Our client, a first-time buyer, approached us looking to buy a new build studio flat on a shared ownership basis. The studio flat was located in a highly desirable high rise development in central London and finished to a high specification. To support the mortgage application, she was able to provide a 5% deposit, a gift from her immediate family, who live outside of the European Economic Community (EEC). In order to fully understand her circumstances and the nature of the property she wished [...]
Our clients were looking to save money on their monthly mortgage repayments by remortgaging their property. They jointly owned a limited company, and the wife had recently started a second job. They were concerned that it wouldn’t be possible to achieve their aims as they had heard that it can difficult to obtain a mortgage if you are self-employed. Their Hawk mortgage broker was able to explain the range of remortgaging options available to them and reassure them at every stage of the process. [...]
At Hawk Mortgages, we're experts in every type of mortgage. Whether it's your first home or your sixth property, we can give you independent and specialised advice from start to finish. Even if you're a landlord looking into buy to let mortgages, we have all the knowledge and expertise you'll ever need. For example, when our client in Reading wanted to review three mortgages to get the best deal, we were happy to help. Over a series of phone meetings, we were able to ascertain just what he requ [...]
A first-time buyer in the IT industry approached us via a personal recommendation. The client had recently left a job as a permanent employee to work on a self-employed basis as an IT contractor, he had a 6 month contract and was being paid a daily rate into his recently incorporated Ltd Company. The Difficulties: Many lenders would have an issue with this working arrangement. Firstly most lenders will require 2-3 years accounts to proceed on a self-employed basis. Therefore, we discussed wi [...]
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