Contractor Mortgage
Hi Jambo,
Technically you are an employee of the Offshore EBT provider/umbrella, so in theory you should only need to provide payslips and P60. However, In practice this only seems to confuse lenders because of the summary breakdown of earnings on pay-slips.
An experienced Contractor Mortgage broker will make use of contacts they have with senior underwriters to directly package your mortgage application so that the full earnings potential is taken into account
The good news for contractors is that there are a number of high street lenders that will provide you with a mortgage offer based on contract rates alone. The mortgage loan can be as much as 4-5 times annualised contract rate.
Whilst most mortgage brokers will charge you a broker fee there are still a number of brokers who, like ourselves, are able to deliver this service without cost to the borrower.
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