IT Contractors Are On The Rampage To Buy Property!
It is understood that surplus cash that IT contractors have made is funding a mini boom in property purchasing at rock bottom prices. The "funding for lending" scheme has made more money available and also pushed down interest rates.
OnTax Accountants In Dunfermline is of view that the main problem that buyers are having is finding large deposits. OnTax Accountants In Dunfermline has also found that bank loans and other sources of funds are available, it's just the qualifying that is the hard bit!
London Is The Prime Place For IT Contractors To Invest In
Buy Property Now, It Wont Get Any Cheaper!
Our advice to IT contractors is to buy property now, but negotiate hard as it really is a buyers market. Another developing issue for IT Contractors is that they have to ensure that they don't have any pending tax returns and that you have provable earnings.
OnTax Accountants In Dunfermline believes that it helps to understand a bank's position in giving loans to IT contractors. Banks are in a dilemma when having to prove a person earnings, particularly those running their own limited companies. OnTax Accountants In Dunfermline suggests that a balance is obtained between using every legal method possible to lower your profit but retaining a profit level sufficient to support a loan application.
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