Finding a mortgage as a recruitment consultant is, unfortunately, not always easy. Recruitment consultants often use commission to try and bump up their total income. Therefore, it’s vital to consider that lenders will use this to determine the income of a professional for affordability purposes. The issue is that the amount that the professional gets paid may vary from month to month. This can complexify the situation, making it harder to determine the loan you could be offered.
When you compound this with the fact that many recruitment consultants have had their income affected through furlough, lockdowns, and bouts of unemployment, it’s safe to say that finding a mortgage can feel almost impossible. That being said, you should not be put off trying to seek a mortgage. Lenders are now adjusting their view of risk when it comes to locating mortgages for those who might work in industries such as this.
For this reason, using a mortgage broker to help you find the right mortgage is worth its weight in gold. They will help you find the right mortgage that you can afford, as well as one that gets you the loan you need to secure your property.
Richard (our Director) has over 24 years previous experience in recruitment, both temporary and permanent, in various sectors so he fully understands the challenges you can face when applying for a mortgage.
If you would like to speak to a mortgage adviser that fully understands your needs, contact us today on 0800 001 6515 or email info@smithsfinancial.co.uk
