High street mortgage lender loosens criteria for contract workers
Mortgage lenders have started to ease their qualification criteria for contract workers over the last few weeks and there are now more options available.
Trinity Financial has access to one leading high-street mortgage lender that will now accept applications for contract workers providing they earn at least £500 a day or £75,000 a year.
Previously this mortgage lender relied on mortgage affordability to assess IT contractors, whereas all other contractors would have had to supply three-year's worth of accounts.
Aaron Strutt, a broker at Trinity Financial, says: "It is great news that there is now more choice and lenders aren't just limiting themselves to IT contractors.
"To qualify with this large high street lender contract workers must be able to provide evidence of at least one year's contracting experience in their chosen field. If you would like help to secure a leading mortgage rate, call us on 020 7016 0790."
May 22, 2013
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