Joint Borrower Sole Proprietor Mortgages

Mortgage affordability can be challenging, especially for first-time buyers or those with unique financial situations. One option that has gained popularity in recent years is that of Joint Borrower Sole Proprietor mortgages. It’s becoming more common for families and...

How do I protect my income as a Contractor?

Being unable to work poses a huge risk for a large number of Business Contractors. Having a contingency plan is therefore crucial to counter this risk and make you more financially resilient should the worst happen. Some Contractors believe that they cannot get...

Is Business Protection Tax Deductible?

Premiums for Business Protection are usually paid for by the business. The tax treatment depends on the type of policy so it’s best to seek advice from your Accountant. There are also some policies which are treated as employee benefits. Namely these are – Relevant...

How much can Contractors borrow on a mortgage?

The amount of mortgage made available can differ massively depending on both the individual circumstances and the lender involved.  For instance, let's consider a scenario where you're a contractor earning a daily rate of £500. Over the past three years, you've...

Is ‘Equity Release’ a bad idea?

It’s fair to say that the term ‘Equity Release’ tends to be associated with some horror stories from the past. However, this market has evolved and Lifetime Mortgages are now considered a more mainstream and certainly heavily regulated product. There are many more...

What documents does a Contractor need?

Typically, required documents include - Identification: Passport and driving license. Proof of address: Bank statement, credit card statement, or council tax bill. Personal bank statements: Usually the last three months' statements at a minimum. Business bank...

What is a Professional Mortgage?

Most working people would consider themselves professional. However, when it comes to mortgages, the term 'Professional' has a different meaning. So, what is a professional mortgage and how does it work? What is a professional mortgage? A "professional mortgage" isn't...