Did you know? In the UK, 1 in 3 applicants have been rejected for at least one mortgage application they have submitted in the last 5 years.
Contractors are a largely underserved group of workers by high street lenders, which is why we wanted to show how we can help you with those cases that may have landed on your desk.
PAYE Contractor
• Day 1 contracts accepted
• Only 6 months industry experience needed
• Allow for up to a 4 week gap between jobs
Evidence
• Copy of current contract (3 months remaining)
• Copies of last 3 months payslips must be provided
• 3 months bank statements
Day Rate Contractors
• Affordability uses day rate x5 x48
• Still work off the contract for customers impacted by IR35 legislation
• Day 1 contractors accepted
Evidence
• Copy of current contract
• Evidence of renewal / new contract if < 3 months left to run
To find out more about how we can help with your contractor customers, call us on 0800 368 1833, request a callback or check your cases on Bluelink.
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Round 4 of our 6 Nations competition series is here!
To be in the chance of winning a £30 gift card of your choosing (Amazon, Apple, UberEats, Deliveroo), head over to our LinkedIn page!
