Contractor Mortgages
Contractors can find it more difficult to get a mortgage than employed workers. But it is not necessarily impossible as long as you seek advice from a whole-of-market broker such as AWS. We know which lenders offer specialist contractor mortgages, taking your day rate into account when deciding how much you can borrow and multiplying that by the number of working days in the year to work out your annual income. You don’t necessarily need many years of accounts as long as you can show a reliable income from your contract and a history of same line work prior to contracting.
Mortgage Broker London
If you are based in London and buying a property, whether it’s your first home, you are moving up the ladder, or purchasing an investment or commercial property, it makes sense to seek independent advice. The mortgage is most people’s biggest outgoing after all, and nobody wants to pay more than they need to. With a wide variety of products available, choosing the best deal can be a daunting prospect. A whole-of-market mortgage broker in London, such as AWS, will advise on the right mortgage for your purchase, guiding you through the process from start to finish.
International Mortgages
If you are buying a home overseas, whether it is for holidays, to rent out or to retire to eventually, chances are you will need a mortgage. It can be tricky enough getting to grips with a mortgage in the UK but international mortgages can be even more complex. This is why many people turn to a whole-of-market broker such as AWS, for assistance. We can advise whether you would be better off obtaining a mortgage local to the area in which you are buying or from a UK-based lender. We have lots of experience in arranging international mortgages and know the best approach to take.
Mortgages for Lawyers
Some borrowers have more complex income structures than others and this is certainly the case when it comes to lawyers. Using a whole-of-market broker such as AWS who understands mortgages for lawyers, their career paths, pay scales and income sources, will ensure you get the right loan for your circumstances. The good news is that lenders are keen to lend to such professionals because even if you are starting out on a relatively modest income, this will increase as your career progresses. Preferential terms, with regard to lower fees, better rates, reduced deposits and enhanced income multiples, should be available if you approach the right lender.
Mortgages for doctors
Medical professionals often have complex income streams. GP partners are not always salaried and may have additional sessional earnings. Those working as locums may provide their services as sole traders or through limited companies, while consultants may have income from private practice on top of their NHS salaries. Not all lenders understand these complexities which is why it is worth seeking advice as to the most appropriate mortgages for doctors. This is where AWS can help – we are whole-of-market brokers with access to all the deals on the market and know the best lenders to approach for mortgages for doctors.