Mortgage brokers dispute Tube drivers' affordability claim

The private sector lost 32,000 jobs in September, according to ADP – a sharp miss from expectations of a 50,000-job gain. ADP noted that “job creation continued to lose momentum across most sectors.” #CedarCity #RealEstate #Mortgages #HomeLoans

CIS workers: You’re NOT always treated as self-employed 👷♂️ I recently spoke to a self-employed bricklayer who thought he needed two years of tax returns to get a mortgage. His net profit looked low because he was being tax efficient, and he was worried he wouldn’t be able to borrow enough for the home he and his partner wanted. But it turned out he was paid through the Construction Industry Scheme (CIS). With some lenders, those weekly CIS statements can be used almost like payslips. 👉 That massively increases borrowing power compared to using the net profit figure on a tax return after tax. So if you’re CIS, don’t just assume your tax return is the only way a lender will look at you. The right approach can make a huge difference to how much you can borrow. Opportunity Mortgages is a trading name of Just Mortgages Direct Limited which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Approved by the Openwork Partnership on 09/09/2025

Contractors: does working inside IR35 limit your mortgage options? If you’re part of the UK’s flexible labour force, you know how often your working arrangements can shift... Outside IR35? You might use a limited company Inside IR35? You'll work under an umbrella payroll company Between contracts? You could even take on a permanent role... for a while ;) This constant change in IR35 status and payment structures raises an important question: how does working inside IR35 impact your ability to secure a mortgage or remortgage? We get it - there’s no shortage of articles on this topic. But many of them overcomplicate things, turning a simple question into a deep dive on IR35 itself. Here’s the thing: most contractors already know their IR35 status. What you really want to know is how lenders view contractors working inside IR35. That’s exactly what we’ve tackled in our latest post on the Freelancer Financials blog. No fluff, just clear answers. And the findings? They might just surprise you. 👉 https://lnkd.in/eHxZMaYz

Even high earners are finding it tough to buy their first home. The article shows with a six-figure salary, has been saving for seven years—and still faces massive mortgages or tiny, rundown properties. The government’s 5% deposit scheme helps, but high prices and rising demand mean affordability is still out of reach for most. Housing in Australia is increasingly treated as an investment, not a necessity—and first-time buyers are feeling the squeeze.

Market Update - Government Shutdown and ADP Private payroll numbers significantly lower than expected. What does this mean for the market and mortgage rates #lightscameraloans Northpointe Bank Zachary Levesque #ThePrincipalLender

🚨 Jobs Data Shock The QCEW just revised payroll growth down by nearly 1 MILLION — the largest revision on record. That, plus rising jobless claims, is why rates fell this week. 📊 Initial jobless claims = 263,000 (highest since 2021). 👉 See how this impacts housing + mortgage rates in the full Housing Market Update! #Unemployment #JobsReport #MortgageRates #Shorts

Moving back home and need a mortgage? Here’s what you should know. Do NOT rely on your existing overseas income when you apply to a bank. If you tell the bank you’re relocating, their risk assessment flips. They stop looking at your international pay slips and immediately want to see a signed local employment contract for a job in the new country (and ideally, in the same industry). They need certainty that your income is secured here. Get your new job lined up and the contract signed before you submit that mortgage application. #MortgageAdvice #ExpatFinance #RelocationTips #RealEstate

𝗖𝗼𝗺𝗺𝗼𝗻 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗢𝘃𝗲𝗿𝘀𝗶𝗴𝗵𝘁𝘀 𝗧𝗵𝗮𝘁 𝗗𝗲𝗹𝗮𝘆 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 Small administrative details can significantly impact mortgage application timelines. Here are the most frequent oversights I encounter: • 𝗕𝗮𝗻𝗸 𝘀𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀 𝘀𝗵𝗼𝘄𝗶𝗻𝗴 𝗼𝘂𝘁𝗱𝗮𝘁𝗲𝗱 𝗮𝗱𝗱𝗿𝗲𝘀𝘀𝗲𝘀 Ensure your address is current with all financial institutions before requesting statements. • 𝗣𝗮𝘆𝘀𝗹𝗶𝗽𝘀 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗻𝗮𝗺𝗲𝘀 Some payroll systems only display employee numbers. Request named versions from HR departments. • 𝗨𝗻𝗲𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱 𝗹𝗮𝗿𝗴𝗲 𝗱𝗲𝗽𝗼𝘀𝗶𝘁𝘀 𝗼𝗿 𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿𝘀 Document any significant transfers, particularly deposits from family members, with written explanations. • 𝗘𝘅𝗽𝗶𝗿𝗲𝗱 𝗶𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀 Verify passport and driving licence validity well in advance of your application. While these may appear insignificant, addressing them proactively can prevent weeks of delays during the application process. 𝗙𝗼𝗿 𝗮 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁 𝗽𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻 𝗰𝗵𝗲𝗰𝗸𝗹𝗶𝘀𝘁, 𝗽𝗹𝗲𝗮𝘀𝗲 𝗱𝗼𝗻'𝘁 𝗵𝗲𝘀𝗶𝘁𝗮𝘁𝗲 𝘁𝗼 𝗴𝗲𝘁 𝗶𝗻 𝘁𝗼𝘂𝗰𝗵. 𝘈 𝘮𝘰𝘳𝘵𝘨𝘢𝘨𝘦 𝘭𝘰𝘢𝘯 𝘸𝘪𝘭𝘭 𝘣𝘦 𝘴𝘦𝘤𝘶𝘳𝘦𝘥 𝘢𝘨𝘢𝘪𝘯𝘴𝘵 𝘺𝘰𝘶𝘳 𝘩𝘰𝘮𝘦 𝘰𝘳 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘺 #MortgageApplications #DocumentPreparation #MortgageAdvice #PropertyFinance #ApplicationTips #SouthYorkshire #MortgageBroker #ProcessEfficiency