Whilst running Mortgage Quest Ltd., Freelancer Financials’ founder, John Yerou, gained first-hand experience of how extremely difficult it was to secure mortgages for contractors. That was seven years ago.
John subsequently set out to change Lenders’ biased attitudes towards contractors and freelancers. By negotiating the underwriting criteria for assessing a contractor’s relevant earnings for lending purposes, those lenders’ perceptions of our industry changed.
The resultant products are now commonly referred to as contract-based mortgages or contractor mortgages. The lengths John went to for the contracting community has seen Freelancer Financials become one of the largest Contractor Mortgage Specialists in the UK today.|
