Having historical issues like missed payments, defaults and CCJ’s does not mean you are not able to get a mortgage. There are lenders that have products specific to this market and some do not even credit score.

Adverse Credit/Low Credit Scores

Whether you are in or outside IR35 there are options available. Some lenders can even treat you as employed! It all depends on the length of your contract, how you get  paid, the frequency and how long you have been contracting.

Day Rate Contractors

You can now access new build properties with lower deposits. There are also lots of green mortgage products that can offer cashbacks. The downside is that new build sites put very quick time scales on exchange dates to try and get the sale secured.

New Build

Weather it be overtime, commission, bonuses, benefit income, non taxable income, trust income and the list can go on! Having experience on where to place your business is key.

Complex Incomes

Sole traders, limited companies, partnerships, LLP’s, there is a taboo around not being able to get a mortgage if you are self employed! There are different ways to place you business including lenders that will tax pre tax profits for limited company owners!

Self Employed

Lots of lenders will treat CIS contractors as self employed. However there are quite a few lenders that can look at using your remittance gross and net income over a 3 to 12 month window. Experience shows us that using the remittances normally increases borrowing.

Construction Industry Scheme (CIS)

Sometimes your current income vs outgoings means you cannot borrow what you need. Doing a JBSP mortgage means you can add a family member to your mortgage and use their income (and outgoings) to boost your affordability. The main thing is that they will not own the property or go on the deeds, meaning normal stamp duty and hopefully buying the property you desired.

Joint Borrower Sole Proprietor

A great option for people when buying. It means instead of owning the property you only own a share. The remaining share you then pay rent on for shared ownership.
There is no rent to pay on shared equity. There are many moving parts to these types of properties so expert advice is important.

Shared Ownership/Equity