Halifax Contractor Mortgage Solution
A smart choice for contractors and self-employed people
Halifax is part of Lloyds Banking Group, one of the largest banks in the UK. As the country’s leading mortgage lender, Halifax offers a range of financial services, including savings accounts, loans, credit cards, and mortgages.If you’re a contractor, freelancer, or self-employed, Halifax provides mortgage options tailored to your unique needs. With their expertise in handling incomes through limited or umbrella companies, Halifax makes the home-buying process smoother and more accessible for those with limited or umbrella company employment.
We work with more than 120 mortgage lenders, including:
Why Halifax is a Great Option For Contractors
Halifax is a great choice for contractors, especially if it’s your first contract. However, there’s an important condition to meet: you must have worked continuously in the same industry for at least two years. This benefits both you and the bank. It shows the bank that you have enough experience to make repayments comfortably, which adds security to their investment.
One of Halifax’s key advantages is how quickly they process mortgage applications. In a fast-moving market, getting a quick offer is essential. Halifax’s speedy response can help you complete the process swiftly, making them a valuable option.
Halifax Contractor Mortgage Calculator
If you would like to find out how much you could borrow with Halifax, fill in the fields in this form to find out how much you can borrow with halifax contractor mortgage.
To get started with an application, call through to speak to one of our specialist consultants or contact us via this link: https://contractormortgagesolutions.co.uk/contact-us/
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Please provide your details to see your mortgage calculation resultsYour Estimated Borrowing Amount
Halifax Contractor Mortgage Criteria
If Halifax seems like a good fit, we at contractor mortgage solutions, can help with your application. Here’s what you need to know about Halifax Contractor Mortgage:
Contract Requirements
Your current contract must have at least one month remaining at the time of application and must be signed by both parties.
Income and Currency
Halifex accepts income in many currencies, including from Europe, Africa, Asia, North America, the Middle East, and Australasia.
They calculate income based on a 46-week period for daily rates.
Documentation for ltd
Provide the latest month’s business and personal bank statements.
Documentation For Umbrella Contractors
Submit the latest three months’ umbrella payslips along with the corresponding three months of personal bank statements.
Documentation for Payee Contractors
3 months bank statements and payslips.
Contracts Gaps and Earnings
3 months bank statements
There shouldn’t be more than a six-week break between contracts in the past 12 months.
You must earn at least £75,000 a year, with a daily rate of £326.08 or more over 46 weeks.
Our Relationship With Halifax
We work directly with Halifax’s senior underwriters to help with contractor mortgages. We’ve helped hundreds of applicants. This has allowed us to build a strong relationship with Halifax and know the application process well. With this know-how, we’ll submit your application correctly, with all the required documents. This helps avoid delays and keeps things moving smoothly.
This way, we can get early feedback and find out what’s needed for Halifax Contractor Mortgage offer. This helps us avoid delays and problems with your application.
Compare & Find the Right Mortgage for You
Don’t settle for less—explore, compare, and secure the best mortgage deal tailored to your needs.
Mortgage Comparison
Find the Right Mortgage in Minutes
Finding the right mortgage can be overwhelming, but we make it simple. Our mortgage comparison tool lets you explore options from top lenders, ensuring you get the best deal for your situation. Whether you’re a contractor, self-employed, or a first-time buyer, you can compare interest rates, loan terms, and monthly payments all in one place. Get a clear breakdown of costs and repayment terms before making your decision. With tailored solutions for contractors, securing the right mortgage has never been easier.
Mortgage Quote
Personalized Mortgage Quote, Instantly
Want to know how much you can borrow and at what rate? Our mortgage quote tool gives you a quick, no-obligation estimate based on your income and financial profile. We specialize in contractor mortgages, ensuring you get access to exclusive rates designed for self-employed professionals.
With no impact on your credit score, you can explore your mortgage options with confidence. Get a personalized quote in minutes and take the next step toward securing your dream home.
FAQ’S
Can I get a Halifax umbrella mortgage?
Yes, Halifax has updated its contractor mortgage policies to align with IR35 rules, including those who work through umbrella companies. Whether you are self-employed or employed, Halifax considers your individual situation, including your income source and work history. For more details on applying for a mortgage through an umbrella company, get in touch with us.
Who do Halifax use for credit checks for Halifax Contractor Mortgage?
Yes, Halifax has updated its contractor mortgage policies to align with IR35 rules, including those who work through umbrella companies. Whether you are self-employed or employed, Halifax considers your individual situation, including your income source and work history. For more details on applying for a mortgage through an umbrella company, get in touch with us.
Who do Halifax use for credit checks?
Halifax typically uses TransUnion, Experian, and Equifax for credit checks.
You can find more details via Halifax Self Employed mortgage guide: https://www.halifax.co.uk/mortgages/help-and-advice/self-employed-mortgage-guide.html
Halifax Contractor Mortgage Definition?
Halifax defines a contractor as anyone working on a contract basis, paying tax through self-assessment, a limited company, or an umbrella company.
Does Halifax allow foreign currency for contractor mortgage?
Halifax accepts income in the following five currencies: US Dollar, Euro, Australian Dollar, Indian Rupee, and Swiss Franc. For non-sterling income, we accept basic salary, bonus, overtime, and commission. However, non-sterling income is not accepted for other types of income.
How much I can borrow and what will be my monthly payments?
This varies greatly depending on your circumstances—individual lenders use many factors to calculate your borrowing capacity. Use our calculator as a rough guide, but call us for a more accurate figure:
What will be my mortgage interest rate?
The mortgage interest rate depends on multiple factors, including the interest rate set by the Bank of England, your credit score, down payment, loan-to-value (LTV) ratio, and the loan term. Consequently, the interest rate varies for each individual. However, with our experience and strong relationships with contract-friendly lenders, we can find the best deal tailored to your needs.