Mortgages can be difficult to obtain for Fixed Term Contract and Temporary Agency Workers? By Chris Morgan
Have you found the perfect property only to find out that the obvious high street mortgage lenders, will not offer you a mortgage on what appears to be suitable security offered to them?
Even though you have a significant deposit money and solid income affordability, they have decided for what appears to be an insignificant reason to decline your mortgage application?
It can be soul destroying exercise searching for the right property, only to find out that because you work on Fixed Term Contract or on a temporary agency contract they would decline your application.
Here are some examples of the types of situations that it may be difficult to find mortgage finance for …
- Mortgage applicants who work on rolling fixed term contracts.
- Mortgage applicants who work on temporary contracts through an agency.
- Mortgage applicants who have switched their employment status from self-employed to employed recently and may be within a probationary period.
- Mortgage applicants who have switched their employment status from employed to self employed. (Subject to minimum 12 months self-employed)
- Self Employed Mortgage applicants with only 12 months trading figures and accounts.
We have seen many examples where high street mortgage lenders such as Halifax, Santander and Woolwich have refused clients mortgages, based on the employment scenario’s above.
However, you should not give up easily and contact the countries leading specialist adviser for finding mortgages for those in Unusual Employment situations like fixed term, agency and probationary contracts.
15 Minute Mortgage Assessment
Unusual Mortgages offer a 15 minute free mortgage assessment over the phone for anyone that has been turned down for a mortgage elsewhere. We will confirm if the decision you were given is correct and assess your options across all of the lenders on our manual research list, from which we tailor bespoke solutions for our clients.
If you have been turned down for a mortgage or are worried about approaching lenders due to the way you have been treated in the past, why not give us a call. Within 15 minutes you will know if your hopes and aspirations are a reality, with a sound opinion from the most experienced mortgage broker in the United Kingdom at placing “Unusual Mortgages”.
If you require more information on Complex Mortgages, Multiples Mortgages, Buy to let, Self Employed or Adverse Credit Mortgages you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk