AWS Mortgages

  Given the contractors' work nature, it is not easy to find a lender to understand their needs and circumstances. But most contractors or self-employed do not have a fixed income, and their payments change at different times. Therefore, traditional lenders are less interested in lending to contractors or have higher rates and conditions than the current market rate. Here are the best lenders who specialize in mortgages for contractors . However, these contractors are based on various indicators, including Loan-to-Value ratio, mortgage repayment period, required documents, the process of evaluation, underwriting and lending, closing costs, private mortgage insurance and other related costs. Acceptance of applicants, as well as feedback received from their former customers, are also categorized. However, it should also be noted that different lenders consider different rates and conditions for contractors based on the affordability of the applicants and the type of products th...

  Paying Attention to the Process of Getting Large Mortgages for Contractor Contractors were considered high-risk customers in the lenders' traditional approaches, but today, with the expansion of contractors' activities in various economic sectors and their significant annual incomes, high street lenders are paying more attention to this category of people. High street lenders, realizing the importance of this issue, have envisaged various approaches to meet the needs of this group of people. Here are the factors that determine the maximum mortgage amount payable to contractors. Lenders come up with different criteria and formulas to assess the financial capacity of contractors, so it will be difficult to find a lender whose benchmarks are most in line with the borrowers' financial condition. This problem becomes more pronounced when contractors demand large mortgages . Determinants of the Maximum Payable Mortgage Amount  Several factors determine the maximum mortg...

  The good news is that lenders are now aware of contractors' needs and financial conditions and have designed special mortgages for them. These mortgages are designed according to their needs and requirements and can be provided to them. But finding these lenders is a complex and arduous task. Lenders usually consider specific conditions, documents, and processes for lending to contractors. For example, the contractor must prove to the bank that they have a stable income and can pay the mortgage instalments on time. Some lenders will ask you for documents related to your current and future contracts. With the advice of a specialist contractor mortgage broker , you can get rid of the stress of this process because the contractor mortgage broker is fully acquainted with all the steps and documents required by lenders and can also make a complete comparison to the products provided by lenders. AWS Mortgage specialist advisors have sufficien...

  The contractor's mortgage broker ensures that all documents have been fully collected and submitted, and the underwriting process and assessment of the contractor's affordability have been completed. Some lenders prefer to lend through brokers; because it is a cheaper and less risky way to lend. The contractor mortgage broker is fully acquainted with the products available in the market and the lenders interested in granting to the contractor. For this reason, they can provide you with a complete comparison of the type and condition of products offered by lenders. So you can save a lot of time and energy. Contractor mortgage brokers make a thorough assessment of the needs and financial condition of the contractors. Also, before you submit your application to the lender for free, the contractor mortgage broker will check the deficiencies in your file and provide you with the necessary guidance in this regard....

  With the expansion of contracting in London, many people are working in various contracting jobs. They work in multiple occupations such as general contractors, construction contractors, freelancers, business owners, professionals, Limited Liability company shareholders, sole traders, and other self-employed persons who work as contractors in London. They cover a wide range of people who do not have a fixed income but still need a mortgage to buy a home, improve their home facilities or extend their mortgage. A contractor mortgage broker in London pursues one of the most complex commitments in the housing and mortgage market. Because on the one hand, contractors have difficult and special income conditions, and therefore the risk of lenders lending to them increases. Therefore, lenders are also less inclined to lend to contractors or do not consider the appropriate rates and conditions for contractors' mortgages. On the other hand, contractors have different needs due to fluct...

A specialist contractor mortgage broker will help contractors get the mortgage they want in several ways based on the rate, terms and period they are considering. Contractor mortgage brokers have accurate information about the contractor market and can interpret contractor income for lenders. They also have access to lenders' rates and other information and know-how to negotiate with lenders based on the specific needs and type of contractors' income (limited company, umbrella company, sole trader, self-employed). Contractor mortgage brokers search the market for mortgage products to find the most reasonable rates and conditions and help contractors gather and prepare the lender's documents. A specialist mortgage broker will be with the mortgage applicants from the beginning to the end of the process and provide them with the necessary guidance in the various stages of obtaining the mortgage. Based on their experience, AWS Mortgage advisors will help you understand...