Contractor Mortgage Calculator Assessor
The questions on most new or even experienced contractors and freelancer's minds when it comes to mortgages are:
- What size mortgage can I get as a contractor?
- How much will the repayments cost?
- Is it difficult to get a mortgage as a contractor?
- Can I even get a mortgage as a contractor if I don't have years of accounts I can submit?
Most contractors will know somebody or know of somebody who has had a nightmare getting a mortgage.
Well maybe it used to be like that a few years ago, however with the huge number of permanent employees choosing to move to contracting and work through their own limited companies, lenders have had to alter their view of contractors. It is now relatively easy to obtain a mortgage providing you use a competent specialist broker.
At SJD, we looked long and hard to find such a company, our preferred partner is Contractor Mortgages Made Easy (CMME) the UK's leading contractor mortgage broker. Contractor Mortgages Made Easy are eager to prove that you can easily secure the same 'High Street' mortgages as a permie - it's simply a case of making use of the expertise and contacts that they have built up over many years.
Contractor Mortgages Made Easy are directly regulated and authorised by the Financial Services Authority. They are pleased to be able to offer full advice whereas many institutions will now only provide you with an 'information only' service.
They also provide what is referred to as a 'whole of market service', which means they can advise you on and arrange a suitable mortgage from all the lenders and from their entire product range meaning you have more time to focus on contracting.
So back to the first question 'what size mortgage can you get as a contractor?', for ball-park figure as to the loan size that you can aim for, simply enter your contract rate in our mortgage assessor below (Click on the following link for more details on how much you can earn as a contractor):
For likely monthly repayments for any given interest rate try our Contractor Mortgage Calculator.
Your home may be repossessed if you do not keep up repayments on your mortgage.
If you are looking to take that first step on the ladder, or to remortgage an existing property, then Contractor Mortgages Made Easy will help you find a solution to suit your needs. Whether you want to find out the best rates available or help calculating how much you can borrow based on your contract rate alone, call 0844 44 88 800 or email CMME on sjd@contractormortgagesuk.com.
You may also find our other contractor mortgage guides and calculators helpful:
Contractor Mortgage Calculator
Top five tips on getting a Contractor Mortgage
Contractor Mortgages
30 Second Step by step guide to Contractor Mortgages
Contractor Mortgage Guide Myths and Facts
Contractor Self Certified Mortgages
About SJD Accountancy
SJD Accountancy are the UK's largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we've been acting for contractors across the UK since 1992, have more than 11,000 clients; are the only National specialist firm of accountants with offices in all major UK cities; are the most recommended accountancy firm on the internet and have more qualified staff than any other specialist firm with qualifications from the following major tax and accountancy bodies - ATII, ATT, ACCA, CA, ACA, FCCA, ACMA.
At SJD Accountancy you will get an accountant from a large, respected and award winning firm, who will take time to get to know you, always take your calls and provide you with prompt and professional advice. We’ve banned voice mail and you'll never be asked to press one for this or two for that.
We provide our contractor and freelance clients with:
Free face-to-face meetings. Tax is complicated which is why we offer everyone free face to face meetings in any city of the UK.
Unlimited access to your own dedicated accountant. No call centres, no outsourcing, no automated call handling. Simply telephone, e-mail or meet your own dedicated accountant face to face.
Money back service guarantee. All your telephone calls and e-mails will be answered the same day or we will refund your monthly fee's.
Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market.
All inclusive low cost monthly package which includes completion of accounts, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, unlimited access to your accountant and all company returns. All of this for a fixed monthly fee of £110 plus VAT, which is one of the lowest prices in the market.
Click here for an interactive map showing all our offices.
If you wish to appoint us as your accountants immediately, the quickest and easiest way to do so is by accessing our Client Agreement Form.
You may also find the following pages, guides and case studies useful:
Take home pay calculator - How much could you be taking home
Contractor FAQ - All your frequently asked questions and their answers
First time Contracting or Freelancing? - A summary of the alternatives along with pros and cons
Step-by-step Guide to Contracting - Download a FREE copy of our guide
Limited or Umbrella? Can't decide? - We help you decide which is best for you
Take home pay case studies - Examples of contractors using limited and umbrella companies
Expenses Guide - Know exactly what you can claim
Umbrella company guide - Everything you ever wanted to know about umbrella company services
IR35 Guide - A great plain English guide to IR35
If you have any questions about contracting or would like any further advice please contact our New Client Services helpdesk on 0500 152500 / 01442 275789 or email jaime.thorpe@sjdaccountancy.com.
Appoint SJD Accountancy and never worry about your tax or accountancy affairs again!
