Re-Mortgaging as a contractor

[M777CUS]

i am currently employed and have a mortgage with halifax, 2 year fixed term. the fixed term is up early 2015. it is very likely though that in the next 3/4 months ill go from being fully employed to self employed (my own limited company).

how difficult would it be to remortgage? i would guess at the time of wanting to re-mortgage i would have a years worth of accounts.

thanks in advance.

[New POD]

There are companies that specialise in that sort of thing. Would the lack of accounts be your worry ?

[smckeown]

Halifax are very contractor friendly. At the time of remortgage,if you are not looking to extend loan amount then they wont look at your finances

[Sarnie]

M777CUS said:

i am currently employed and have a mortgage with halifax, 2 year fixed term. the fixed term is up early 2015. it is very likely though that in the next 3/4 months ill go from being fully employed to self employed (my own limited company).

how difficult would it be to remortgage? i would guess at the time of wanting to re-mortgage i would have a years worth of accounts.

thanks in advance.

It will depend entirely on how you will be set up. If you set up as a Limited Company you will need two years of accounts if you want to move away from Halifax. If you just want a rate transfer with Halifax, that will be easy enough but their retention rates are pretty poor really.....