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All the latest news from Contractor Mortgages

Contractors shouldn’t ignore protection insurance

Posted by John Yerou on in News

Permanent Health Insurance Vs MPPI

The scandal over mis-sold PPI has meant that a lot of self employed contractors  have refused to take out income protection on their mortgage payments because they do not understand that it is a different product.

Continue reading »Contractors shouldn’t ignore protection insurance

Homeowners Face “Shocking” Rise in SVRs from Major Lenders

Posted by John Yerou on in News

These are testing times for freelancers and contractors coming to the end of their discounted rate mortgage period. With a number of high street lenders raising their standard variable rates, they are feeling justifiably nervous about their repayments.

Continue reading »Homeowners Face “Shocking” Rise in SVRs from Major Lenders

Buy-to-Let Landlords Prosper as First Time Buyers Shut Out

Posted by John Yerou on in News

Self-employed Contractors with Limited Companies looking to invest in properties

Whilst first-time buyers continue to struggle to get their feet on the housing ladder, the buy to let market is witnessing the return of property investors. The largest investors in properties are self-employed people, including contractors operating through their own Limited.

Continue reading »Buy-to-Let Landlords Prosper as First Time Buyers Shut Out

Mortgage seekers must get a grip on reality

Posted by John Yerou on in News

Interest Rates have to go up at some point

Property owners in the UK have lost reality when it comes to interest rates on mortgage deals, according to a new study by unbiased.co.uk.

The research showed that the average British homeowner would only apply for a fixed rate mortgage if it was at 3.3%. This view is unrealistic the website notes as is that of the 16.6% of people who would not switch from a tracker mortgage unless they could secure a fixed rate deal at 2%.

Continue reading »Mortgage seekers must get a grip on reality

Yorkshire BS to Help Independents Protect Their Mortgage Payments

Posted by John Yerou on in News

Unemployment Protection for mortgage holders

If you have your mortgage with the Yorkshire Building Society and you are an employee (Not Self-employed), you will be interested to know that Britain’s second largest Building Society is considering giving free unemployment protection to all its mortgage holders.Continue reading »Yorkshire BS to Help Independents Protect Their Mortgage Payments

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