|
it used to be that you had to show an earning pattern that would cover the mortgage repayments, so being a contractor would not bar you but it used to be unlikely that you would get a mortgage until you have been contracting for at least a couple of years.
however since then they seem to give them out to anyone walking past the bank/building society and now it would seem to be the preserve of those that have at least twice the value of the house in cash in the bank
so its anyone's guess
You cant outrun the world, but there is no harm in getting a head start
Real stupidity beats artificial intelligence every time.
|
|
|
|
|
Been through this last year - the best thing is to find a decent financial advisor who knows about which lenders will lend to contractors.
Your accountant may be able to recommend someone or at least be able to point you in the right direction.
I also needed to provide signed off accounts and confirmation that I had a contract for the next six months, business bank statements and my own personal data. Seemed to go smoothly enough though 
How do you know so much about swallows? Well, you have to know these things when you're a king, you know.
modified 31-Aug-21 21:01pm.
|
|
|
|
|
I'd suggest going to speak to a lender or two. It won't affect your chances when you make a formal application, but at least you'll know what the policies are.
Are you planning to contract privately or through an agency? If you're going through an agency, they might be able to provide a letter stating expected rates und utilisation.
I didn't have a problem contracting in Canada, but then I had a track record when I applied. Back in the UK, I was employed, and in any case things may have changed in the 19 years I've been gone!
Good luck!
Life is like a s**t sandwich; the more bread you have, the less s**t you eat.
|
|
|
|
|
Are you an independent contractor or are you working for a contract company directly?
If you are a direct hire of a contracting company then you have a steady source of income and it is like having any sort of job.
If you are an independent contractor -- not a steady source of income -- you will probably need a more substantial up front payment before they will make the loan, but it should be possible.
Once you lose your pride the rest is easy.
I would agree with you but then we both would be wrong.
The report of my death was an exaggeration - Mark Twain
Simply Elegant Designs JimmyRopes Designs
I'm on-line therefore I am.
JimmyRopes
|
|
|
|
|
Either you know you customer well, he trusts you, you explain the problems and ask him a contract as an employee just until you get the loan. (and you pay the difference)
If you can't, use a "wage portage" service.
Such service transform contractor paperwork into employee paperwork, and keep some fees. From your customer you are always a contractor. From outsiders perspective, you are normal employee into the "wage portage" company.
If you can't, find a job for 1 month to get the stuff signed, and then resign out.
The thing to keep in mind is that your banker does not care about the reality, he only cares about the box to check for his "loan approval process". Use that to your advantage.
modified 19-Dec-14 13:07pm.
|
|
|
|
|
Bit mercenary but I did say mercs of all type! Umm well the general answer is see a financal advisor which I will. Thanks!
|
|
|
|
|
I don't agree with this advice. Except if your financial advisor is also a merc, because an employee solution to a merc problem can't possibly fit. 
|
|
|
|
|
...and have the Pint glass (real imperial thank you very much) and the Pepsi Max in the freezer. Double OP Bundy Rum to make up for the plastic schoon er thingy at the Pub with Damian S.
Michael Martin
Australia
"I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible."
- Mr.Prakash One Fine Saturday. 24/04/2004
|
|
|
|
|
Question in Oz are you fully metric or 1/2 & 1/2 like the UK, is the Ozzie pint American or British? American is smaller(!)
|
|
|
|
|
Glad you made it home safely... Did you see old mate on the footpath lying in his own vomit? We stopped to check if he needed a hand, but he said (while vomiting on himself) that he didn't want help... Waited a couple of mins to see that he managed to dial his phone then headed off...
Nearly time to do it all again - this scotch isn't going to drink itself!!
|
|
|
|
|
|
HobbyProggy wrote: on firing those rockets.
Hey, with my Kerbals, there are ALWAYS accidents.
|
|
|
|
|
Mine seem to be nothing but accidents 
According to my calculations, I should be able to retire about 5 years after I die.
|
|
|
|
|
You should try adding parachutes. That way, once you accidentally eject Jebediah into the upper atmosphere, the capsule will still land intact.
(I just loaded KSP on my new laptop, so I'll be able to shoot Jeb to the Mun while I'm 30,000 feet above the eastern seaboard)
|
|
|
|
|
|
You're a fairy? Who knew?
Is it the Smack Fairy? 
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
|
|
|
|
|
There's only one f***ing S.
Michael Martin
Australia
"I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible."
- Mr.Prakash One Fine Saturday. 24/04/2004
|
|
|
|
|
Michael Martin wrote: There's only one f***ing S.
You don't say? 
if(this.signature != "")
{
MessageBox.Show("This is my signature: " + Environment.NewLine + signature);
}
else
{
MessageBox.Show("404-Signature not found");
}
|
|
|
|
|
... and may I wish you a Happy Christmas too Mr Martin! 
PS drink too much, eat too much and relax a lot!
"State acheived after eating too many chocolate-covered coconut bars - bountiful"
Chris C-B
|
|
|
|
|
Michael Martin wrote: There's only one f***ing S.
Maybe the other one is celibate by choice, though all the one's I've known were pretty slutty.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
|
|
|
|
|
Wish u a Merry Xmas and Happy New Year!!![Rose | [Rose]](https://www.codeproject.com/script/Forums/Images/rose.gif)
|
|
|
|
|
rockets? what as in red glare? have de gone to war with those damn colonials again?
You cant outrun the world, but there is no harm in getting a head start
Real stupidity beats artificial intelligence every time.
|
|
|
|
|
Microsoft takes on tech support scammers[^] [BBC]
"In the UK Trading Standards has recently taken legal action against a man from Luton who hired people at an Indian call centre to falsely tell people their computers had a serious problem."
/ravi
|
|
|
|
|
I know someone who got one of those phone calls. They do not even own a computer!
|
|
|
|
|
I know someone who got one and they didn't even own a telephone!  
"State acheived after eating too many chocolate-covered coconut bars - bountiful"
Chris C-B
|
|
|
|
General 
News 
Suggestion 
Question 
Bug 
Answer 
Joke 
Praise 
Rant 
Admin 
Submit an article or tip
![Jig | [Dance]](https://codeproject.global.ssl.fastly.net/script/Forums/Images/jig.gif)
