Finally, a Helping Hand with Mortgages for the Independent Contractor
The service offered by Professional Representation Network provides contractors with specially tailored and individually negotiated underwriting terms.
Mortgage products available to contractors are few and far between these days. As a consequence of the tighter approach to lending from banks in general, specific products seem to be more a thing of the past, or have onerous conditions attached. Professional Representation Network believes that this is a very unfair situation which results in punishing an important sector of the population. In many communities contractors make up as much as 10% of the wage earning populace and it seems very unfair to restrict their opportunities to do well financially in this way.
Indeed, Professional Representation Network feels so strongly about this situation that they’re taking action to help. A new service seeks to help contractors find lenders who will offer them attractive products. While they may be difficult to find the specialist lenders are in the marketplace and they are willing to provide rates that are on a par with the much broader range of products in general.
The service offered by Professional Representation Network provides contractors with specially tailored and individually negotiated underwriting terms. The lenders involved are able to put forward competitive rates and point to mortgage products that are contractor centric. Professional Representation Network is also able to provide specialist mortgage advice due to the wide-ranging experience that they have in the fields of mortgage research and contractor issues.
Figures released recently show a sharp rise in the number of personal bankruptcies among independent contractors, partly as a consequence of being denied access to specific mortgage products. If a contractor is “tied in” to high interest rates and cannot seem to find an alternative mortgage solution, then often bankruptcy becomes the only way out.
There’s no doubt that contractors make a very important contribution to the United Kingdom workforce. They should be given every available opportunity to provide their services and earn a satisfactory return. Professional Representation Network doesn’t like to see independent contractors turned away by an average high street building society or bank. As a consequence, they’re dedicated to helping contractors with their mortgage issues as much as possible and are well positioned to assist contractors with obtaining mortgages now.
The Professional Representation Network is a complete contracting provider, providing a variety of services to contractors from varying industries around the world. They identify opportunities, negotiate contracts and provide support to contractors at every stage of the relationship. Relying on 40 years of experience in consulting and representation and access to an established network, Professional Representation Network brings passion to help develop a contractor’s professional life.
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- VMF Ltd
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