But, don’t worry! It doesn’t have to be! With more and more of the population deciding to become their own boss lately it is important to know how it affects your borrowing ability.
In short, it is no harder to get a mortgage if you work for yourself or, have own your own company, we just need different information for an application. You will generally need a couple of years trading history to get a mortgage. This is what tends to catch most people out. There are certain exceptions to that though, depending on what you do and even what you did before.
If you are a contractor, more and more lenders now are willing to look at the value of your contract rather than view things with traditional self-employed criteria. Again, it depends on what you do and how long you have been doing it.
You may be surprised at what is possible!
Generally 2 as a rule of thumb but there is the odd lender that might not need this depending on what you do.
No, not usually, although some lenders are more used to dealing with this type of income, there are some very familiar names that have specific criteria if you are a contractor. Some lenders will be able to use the value of your contract rather than the income from your tax returns.
No, not necessarily. Just like if you are employed, the more you earn, the more you are able to borrow. It is just important to remember that in most cases the lender will take your net profit or salary and dividends and not your turnover. There are a couple of lenders that may also take in to account the profit of the business.
For any more information please Contact Us
Book FREE Initial Meeting
An extra gift in your Christmas shopping could mean the world to a child or young person this year.
We know that many more people will find this Christmas harder financially so more children could go without.
We've been in touch with the Salvation Army to collect gifts on their behalf. We will then drop them off to the Banbury centre who will distribute them locally this Christmas.
Unwrapped gifts must be with us by Friday 10th December. They are in particular need of gifts suitable for 16-18 year olds, things like; games, gloves, socks, toiletries, mugs, bags, stationary, headphones etc.
THANK YOU to everyone who has dropped something in so far - you're amazing!
Black glasses for Black Friday ⚫️🤓
So, #blackfriday
Love it or hate it?
Personally I can't stand it. It seems to me it brings out the worst in some people, all trying to get something bigger or better. I remember the scenes on the first black Friday a few years ago. People literally hurting each other to get to a product off the shelves.
I wonder if they still have those items now?
It is my belief that we should always be savvy about getting the very best out of our money, every day of the year.
When remortgaging you might ask yourself, is it worth the hassle of moving lenders?
The answer is YES.
In fact, a saving of just 0.5% on a mortgage of £250,000 would be around £62 per month difference. That is about £3720 over a 5 year fixed term!* A substantial amount that you could and would probably want to put to better use.
I believe this to be a better way of getting good value for money and thinking about your future. Rather than buying something on a whim just because it's Black Friday.
So today, on Black Friday, check when your mortgage rate comes to an end and get in touch to see if I could find you a better fit.
*Figures based on a mortgage of £250,000 over 25 years at 1.5% verses 2% to the nearest whole pound.
**Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
If you're thinking of a move next year, any time next year, just be warned it could be a busy one.
Many moves and plans have been put on hold since the pandemic started. I predict that next year is going to be a recovery year. Recovery for our families, our plans and our searches for the next perfect home.
If this is you, I urge you to put in some of the background work now so that when you think you're ready, you're already on the right track. One step ahead.
One of the very first things you can do is get an up to date valuation of your home. If you're local to north Oxfordshire, my agency Maxwells Estate Agent can help you with this - at your pace.
If you're not local, I can help you with a remote valuation to get you started and can recommend estate agents best suited to you and your home.
Get in touch 01295 981300
**Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
Next year is going to be a BIG year.
I'm actually obsessed with looking forward. So much so, Julie often tells me that I need to slow down and take in what's going on right now and be more present.
Which is why we make such a good team I guess. Her yogi outlook on life and my dreamer head.
But my brain isn't wired that way - I'm always planning, considering, thinking about what the next challenge is going to be.
I've got so much planned for my businesses (stay tuned) and for my family (that might actually be more Julie's doing) in 2022.
Next year will be a big year for many of my clients too as many of them are going to come to the end of their fixed rate. There will be more conversations about home improvements, projects, moving plans and more. I can't wait to start helping them on putting their plans into action.
Check if your mortgage rate is coming to an end next year. If it is, start thinking about what your plans are. Is it to pay off a lump sum, is it to get working on that extension or finally convert the loft into a home office?
Whatever your plans, consider how you might make them a reality.
Take a look at my blog for more on remortgaging next year - link in the bio.
**Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
Refer a friend to us at Vantage Mortgages and receive a £50 Amazon voucher - that would be nice for some Christmas shopping right?! 🛍 📦
🌲
🎅 There is no limit to how many people you refer - £50 for each referral.
🌲
🎅 You'll receive your voucher when your friend submits their mortgage application.
🌲
Do you know someone who would benefit from our expertise? Tag them!
🌲
*Your home may be repossessed if you do not keep up repayments on your mortgage. Our typical fee for arranging a mortgage is £500.
Some children will struggle to be given much at all this Christmas.
.
We are opening up our office as a drop off point for Christmas gifts for children and young people. They will then be taken to the salvation army for distribution.
.
So whilst you're out and about shopping, if you felt you could buy an extra gift for a child, we know it would be so very much appreciated.
.
The #salvationarmy have told us it's gifts for both boys and girls aged 16-18 that they tend to struggle for. We've got started with some toiletries gift sets.
.
We know that these are incredibly difficult times for some of us financially right now so whatever you can afford will be absolutely amazing.
.
If you'd like to drop a gift to us to pass on, however big or small, please get it to our office, 48 High Street Banbury BEFORE 10th December and make sure it is unwrapped. And we'll be delighted to pass it on for you.
.
#helpatchristmas #salvationarmyuk #christmascharity
We are not a bank or building society.
We are family owned and independent mortgage and protection advisers.
And we THRIVE on our clients spreading the word about our expertise and service.
We have a little favour to ask...
Consider the following:
When you decide to use a service for a big life decision (an estate agent, a mortgage adviser, health care) how do you make your decision?
It's probably no surprise that most people make their choice based on other people's experience. This could be a conversation in person with a friend or family member, a recommendation from a colleague or online reviews.
Hearing positive comments and feedback from others helps us to feel secure in our decision making, this is particularly important when deciding who to use when arranging your mortgage. For a lot of us, this will be one of the largest financial commitments you will ever make.
We know it seems everyone is after a review for something these days but for a service like ours, your words could be the beginning of another client's journey with us.
(We can't advertise on TV like national companies. I'm not sure we'd want to!)
It's now easier than ever for you to leave us a review, taking just minutes to do. Please consider telling others about your experience with us as we strive to work hard for our clients and aim to get the very best result possible for them.
Here's the link: https://review.vantage-mortgages.co.uk
And keep your eyes peeled for how we will reward our clients who spread the love... 💗 (details are coming soon)
#mortgagebroker #mortgagehelpers #localbusinessuk
Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
So you may be thinking, doesn’t it cost a lot to change mortgage lenders?
Absolutely not! In fact most of the time for a simple swap it doesn’t cost anything at all. Most lenders will provide a free solicitor to handle the change over and they will usually cover the cost of the valuation too.
This is the point when we will find out about your situation, your income, outgoings and any other considerations that may need to be taken into account, like your credit history before we give advice on what to do next.
See more about this in my newest blog - link in the bio.
#remortgage #mortgagetips #mortgagehelpers #proudtobeprimis #mortgagelender #mortgagebrokers #oxfordshire
**Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
Say cheese 🧀 😄 Our faces are aching but what a lovely morning having some updated team photos taken. @katkaholliday made everyone feel at ease - can't wait to see the pics!
.
Dotty was a dream to photograph today 😍😍 I think we may have to do a Dotty calendar for Christmas or something 🤔😀
.
#mortgagehelp #mortgagehelpers #remortgage #officedogsofinstagram #officephotos #teampics #saycheese📸
Can Dotty get some love for wearing her poppy with pride today?
.
#poppywithpride #lestweforget🌹 #officedogsofinstagram
Book FREE Initial Meeting
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
© 2019 Vantage Mortgages Ltd is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited. Personal Touch Financial Services Limited is authorised and regulated by the Financial Conduct Authority. Vantage Mortgages Ltd is registered in England & Wales.
Company Number: 11754334.
Our typical fee for our service is £500.
HTML Sitemap - Terms & Conditions - XML Sitemap - Privacy Policy - Cookies - Google Site - Butler's Bakes - Site by Technique Web
Call us
Read Reviews
