Mortgages

ParasolFinancials - providing the best mortgages for contractors.

Securing a mortgage as a contractor or freelance worker can be a challenge, with many contractors often missing out on their dream home when mortgage underwriters realise that you are only going to be working for your client for a matter of months.

ParasolFinancials specialise in advising on and sourcing the best and most suitable mortgages for contractors. Our understanding of contractor needs, knowledge of the market and our expertise in working with major lenders provides our clients some of the most competitive deals with the minimum of fuss.

• Little or no deposit required
• Highly competitive schemes
• Selective lender process - guarantees fast approval
• Mortgages agreed within days of your first contract
• Advice and provision of most appropriate scheme for you
• No broker fees charged

ParasolFinancials have negotiated specialist mortgage underwriting terms for Parasol clients with the big High Street lenders. We are selective in which lenders we work with, choosing only those where we are guaranteed of a successful application.

Fast turnaround and competitive deals
Your mortgage can be arranged within days of your first contract, requiring only a minimal deposit and allowing you to benefit from exactly the same competitive mortgage schemes as people employed in permanent positions.

Offering Choice from 1,000s of Mortgages
As Independent Financial Advisers (IFAs), directly regulated and authorised by the Financial Services Authority, ParasolFinancials cut through the maze of the UK’s 160 plus lenders and 1000s of mortgage schemes to advise you and secure the most competitive and appropriate scheme for you.

No additional mortgage fees
Unlike many mortgage brokers ParasolFinancials do not charge for services offered to our own Flexible Employees nor do they insist that you take out additional products from them! In most cases they use the mortgage introducers fees to cover the costs of administration with no further fee payable by you.  As part of new Financial Services Authority regulation, however, they do offer you the option of paying 0.6% of the loan instead where they would refund you any commissions earned.

Professional trusted advice
Any recommendations ParasolFinancials make to you are based on your needs and circumstances, all advice will be made to you in writing so that you know all the features of your mortgage. ParasolFinancials avoid self-certification and non-status mortgages at uncompetitive interest rates and favour those schemes that do not lock you into extended terms at a high rate once any initial offer has expired. Whether it’s a fixed, discounted, capped flexi or the new chequebook loans they have a scheme that will be right for you.

Please read the Initial Disclosure Document, which outlines the regulatory framework that applies to mortgages and their place within it.

To help ParasolFinancials work out which lender best suits your circumstances please complete a Mortgage Finder form with your requirements. They will email recommendations, which can be discussed in more detail by telephone.

Once they've agreed which scheme is right for you, you will be assigned a case handler who will be your point of contact to ensure the successful completion of your loan.

To find out monthly repayments on your new mortgage try the Mortgage Calculator.

Financial advice is given by ParasolFinancials, which is a trading name of Contractor Financials Ltd and is regulated and authorized by the Financial Services Authority.

Read our Private Client agreement

The value of investments may rise as well as fall and past performance is not a guide to future returns.

Copyright © ParasolFinancials 2001 -2007.  All rights reserved