UK Contractor Mortgages

22/06/2023

Nottingham Building Society loosens criteria for contractors
https://bit.ly/3pl9XxB

Nottingham Building Society has cut the minimum length of time contractors must have worked on fixed-term contracts to make it easier for these workers to secure a mortgage. Get in touch with us today to speak with the UK’s Best Contractor Mortgage Broker. Nottingham Building Society has cut the m...

14/06/2023

Nearly a third of key workers and self-employed have been rejected for a mortgage
https://bit.ly/43QImmw

Around 30 per cent of key workers had been turned down for a mortgage and 28 per cent of self-employed people had been rejected, according to a report. According to a survey by LendInvest, which was carried out by Opinium with around 1,000 adults who were non-salaried, key workers or had missed a pa...

22/05/2023

House prices surge at fastest pace this year to record £373k despite Bank of England rate hikes
https://bit.ly/45orSUe

Britain avoiding a much-forecasted recession has helped push house prices up by the greatest amount so far this year to a record high of £372,894, new figures out today reveal. The average price of a home coming to market climbed 1.8 per cent over the last month, the strongest increase in 2023, acc...

11/05/2023

Skipton launches deposit-free mortgage aimed at renters
https://bit.ly/41oqq13

A deposit-free mortgage specifically aimed at people currently renting has been launched by a UK building society. While a handful of other no-deposit deals are available, they all need the financial backing of family or friends. Skipton Building Society says while its deal requires 12 months of on-...

02/05/2023

House prices rise for the first time but analysts still expect a rough ride
https://bit.ly/3Nqdqoo

The housing market showed “tentative” signs of recovery in April as the price of homes rose 0.5 per cent during the month, however prices remain four per cent below their August 2022 peak. The Nationwide house price index showed that the annual rate of house price growth improved to -2.7 per cen...

27/04/2023

Like your lunch, contractors, with umbrella company payroll services there’s no such thing as free
https://bit.ly/422k5Jh

‘Free Payroll Services’ are a hook to avoid Nonetheless, there is a scourge on the umbrella sector, with companies right now posing as legitimate ‘umbrella’ companies but that are not actually doing what ‘umbrella company’ says ‘on the tin.’ These spurious brolly operators seem to be...

25/04/2023

Why being self-employed isn’t a barrier to mortgages at 50 or 90
https://bit.ly/3V0OK7E

It is generally thought that if a person is self-employed, their mortgage options are limited. And if that person is also aged 50 to 90+, those options become even narrower. Of people we surveyed in their 50s (of all professions), only 4% had any idea they could get a mortgage. For those in their 80...

20/04/2023

Annual house price growth slows but market ‘resilient’ – ONS
https://bit.ly/3MWwUkk

Figures from the Office for National Statistics (ONS) show that average UK house prices have risen 5.5 per cent since this time last year. The annual percentage change for average UK house prices was 5.5 per cent in the 12 months to February 2023. The average UK house price was £288,000 in February...

13/04/2023

Accountants ‘worth the money’ for self-employed brokers ‒ analysis
https://bit.ly/3mqgc1T

Brokers have emphasised the importance of getting a tax return completed as early as possible, and argued that quality accountants are worth the expense. With the end of the 2022-23 tax year last week, self-employed workers across the UK can now start to think about completing their tax return. And....

28/03/2023

Where will house prices go in 2023?
https://bit.ly/3ZmDBia

House prices experienced rapid growth throughout the pandemic thanks to a combination of stamp duty cuts, low-interest rates and the “race for space.” But as interest rates started to climb in the second half of 2022, the mood changed. Rising interest rates and the cost of living crisis are now ...

23/03/2023

IT contractor jobs agencies plough on with ‘ambiguous, burdensome’ IR35 reform
https://bit.ly/3LIukgY

08/03/2023

Resilient UK tech companies ‘making hay’ from distressed sectors
https://bit.ly/3F3Wu20