You CAN get a mortgage as a contractor!

If you’ve approached a major lender you may have been told that your employment is not stability and as a result you don’t qualify for a mortgage.

But why? Contract employment has become increasingly popular in Australia, with one third of our workforce consisting of contractors! They are often receiving better remuneration and companies see outsourcing contractors as a productive business measure.

You could be a journalist, highly skilled IT consultant or work in the mining sector still struggle to obtain a loan, despite your high earnings! The reality is that modern day contractors are highly skilled “career opportunists” seeking a work / life balance or a higher income, however most banks don’t share this view.

Luckily our mortgage brokers can assist you in getting your home loan approved! Please call us on 1300 965 504 or enquire online today to find out how!

How do we get contractors approved?

With many years of experience and expertise, our brokers are accustomed to dealing with unconventional employment types, in particular those in contract employment. Our mortgage brokers are all self-employed themselves and are paid via their own ABN, in fact they are contractors too!

We know exactly which banks can accept which types of contractors, how long you need to have worked in your industry for and which documents you will need to provide to get approved quickly. Please call us on 1300 965 504 or enquire online today to find out how!

Who can we help?

We help many types of contractors including:

• Mining contractors,
• Freelancers,
• IT contractors, and
• Government contractors.

Depending on the type of work you’re involved in, you may be classified by the banks as either a:

• Self-employed contractor: You may be running your own business as a sole trader, partnership, trust or company and have a registered ABN. However you contract your labour to one main business, so in effect you are similar to an employee.
• PAYG contractor: You may be on contract with a fixed duration or an ongoing contract that is regularly renewed.
• Sub-contractor: You may be sub-contracting work or your labour to another business and paid via a sole trader ABN or your own company. In this regard you are similar to a self employed contractor.

Speak to a mortgage broker today!

Please call us on 1300 965 504 or enquire online today to find out how easy the application process can be. Our expert help will ensure that you get approval first time round!