Yes, one can get a joint mortgage with partners or friends if buying a property together. The procedures remain the same as applying for a single-contractor mortgage. However, having a joint mortgage will help you increase the amount you can borrow. One will also be able to save a larger deposit, which could reduce the cost of the mortgage, fees, and interest overall.

If you’re working through an umbrella company, mortgage approval is slightly more complex. This is because it can be difficult for lenders and particularly underwriters to establish whether or not your income is sustainable. However, speaking to an expert in the field at ProLeads will help you make an informed decision.

A common misconception is that contractors who work through agencies will be unable to get a mortgage. This is untrue. Although it can be difficult, some lenders have approved mortgages under these circumstances. The best part is, speaking to an expert in the field at ProLeads will help you make an informed decision.

If you’ve been declined, then don’t panic and certainly don’t give up. There are many different ways to approach lenders and there are specialist advisors that can help you every step of the way. An expert at ProLead will help you secure a mortgage as well as fetch a good rate.