Harriet Brookes

Many contractors think that they can save themselves from IR35 investigations by simply closing down the company that’s causing problems. The common notion is that closing down a company will mean that HMRC doesn’t have the power to investigate when the company isn’t there any more. However, there are some problems even though this escape from IR35 seems somewhat logical.

The fact is that when you apply to you apply with Companies House to strike off your company, the Registrar will take up to three months to remove the company from register. Meanwhile, the Registrar will be obliged to inform all interested parties of such striking off. If there are no interested parties and no pending litigation, the Registrar will proceed with striking off procedure and the company will start to exist. Since there is a three-month period and a notice is sent to all interested parties, there is rarely any chance that HMRC will not react and investigate your company affairs before Registrar could close it down after three months.

The Registrar is obliged to publish notice of a company’s request for striking off. This notice is published in official gazette. The parties that have some kind of interest or want to object this stirking off will be able to raise their concerns after seeing the notice.

The official gazette for companies registered in England and Wales is London Gazette the official gazette for companies registered in Scotland is the Edinburgh Gazette. The Belfast Gazette serves as the official gazette for companies registered in Northern Ireland.

Since the Registrar has to wait for 3 months before finally striking off the company, HMRC can react within this time. HMRC can even restore a company even when it has closed if there are PAYE arrears that still need to be inquired. However, in practice HMRC doesn’t intervene after the Registrar strikes off a company after 3 months have passed since the initial application by the company directors. Historically, HMRC has never taken this route.

HMRC can recover PAYE debt after it satisfied two conditions. The first condition requires that PAYE arrears exist due to an error made in good faith. The second condition requires HMRC to establish that employee has received relevant payment despite having the information about employer’s failure to deduct tax from taxable payments.

There were 192 inquiries about IR35 status in the last tax year (2013-2014) and taxman yielded a total of £430,000 from these inquiries. If we compare these stats with the previous yields, we will clearly notice that the number of inquiries drop only by a little while the yield drops by half from 2012-2013. Overall, IR35 inquiries brought in 61% less yield that the yield last year.

Despite changes happening to IR35 legislation and reduced output for the taxman, the IR35 is going to be with us for a quite a long time. So there is no better way out than to prepare for it by improving your prospects so that you can face the situation if HMRC come knocking doors of your business.

If you think you are outside IR35, be ready to prove it

If you think that you are outside IR35, you should be ready to prove this fact. You will need to collect different type of evidence that will show that your business is outside IR35. Additionally, you can have your contract reviewed from a professional so that you can include the review in your business practices. This will help you follow the right practices and you will be able to collect evidence that will be handy when HMRC comes knocking at your doors.

If your contract review turns out to be positive, you should keep its record safe so that you can include it in your evidence in case of an HMRC inquiry and prove that you are a genuine business.

A business insurance can help

When HMRC investigates your business, a business insurance is going to prove a great help. You should consider taking out a business insurance especially the personal indemnity insurance and you will have another factor on HMRC’s business entity test in your favor.

Although HMRC has always dismissed the factor that business insurance contributes to determine IR35 status, the new legislation has changed this scenario. Now a business insurance is as much a factor of business entity test as much is the substitution and contract review.

Business insurance doesn’t cost a fortune. You can buy full range of policies around £20 a month. Insurance at this cost shouldn’t be a problem especially when you weigh the cost against the benefits of taking out an insurance.

Substitution and personal service

Substitution and personal service is one of the most important factors in IR35 tests. The right of substitution implies that a contractor can provide a reasonable substitute to provide services. Even the new Agency Worker Regulation emphasis that contractors and independent workers should establish the fact that their contract is genuinely independent.

To establish your right of substitution, you should send a substitute as a suitable replacement for a day’s work. This isn’t going to cause any problems but you will have a very strong evidence that your contract is independent.

Company stationary can help you clear IR35

As insignificant as it may sound, having your own business stationary can make a huge difference how IR35 sees your contract. You can either purchase of make your own stationary. Even a judge in hearing a case stated that having business cards and company stationary was a major factor in determining the nature of contract. To make sure that you have all the possible evidence in this regard, you can simply do the following.

Have a business website

Buy or make company stationary

Use company letterheads

Collect evidence for showing nature of actual relationship with your client

A pension contribution is usually considered an allowable expense as long as the contribution is made to a registered pension scheme and the purpose of such payments is directly trade-related. To put simply, if these contributions are part of the a renumeration package to be paid as part of the trade, it will be allowable expense.

It is important to note that the whole part of the renumeration package is exclusively paid for the purpose of employer’s trade. In case the total amount paid for renumeration package doesn’t simply include pension contributions, then HMRC will consider looking at the situation.

In some cases, an employer can make increased pension contributions and still be able to claim it as allowable expenses. This is typically a case when a pension scheme is underfunded. The employer may decide to make increased payments and still be safe from HMRC. HMRC will check contributions between different periods and investigate the history of contributions.

Renumeration paid to a close fiend or a relative are accepted by HMRC when there is a ground to prove that these were paid wholly and exclusively for the purpose of the trade. These contributions will be compared against the contributions paid to employers who are unconnected but perform similar duties and offer similar value to the company. If there are no such employees in the company, then HMRC will make comparisons of contributions to the third parties who are performing similar duty in a similar setup. HMRC will do this to determine whether or not the contributions exceed the reasonable amount paid as reward for the work done. In case a friend or a relative is paid higher contributions compared to the other employees with similar tasks or third-party employees, HMRC will doubt such payments and doubt that these payments aren’t being made for trade purpose exclusively.

Many contractors take financial risks when operating through their limited companies. Similarly clients also take risks and it sometimes affects contractors as they are unable to recover payments for work completed. However, majority of them don’t realize that they have a great opportunity to grab as many as 14 points for the business entity test.

Taking a financial risk indicates that you are operating as your own business. It essentially demonstrates the fact that your business can pass the business entity test. Realizing this fact, HMRC has alloted 14 points that you can score when taking a risk as a business.

The business entity test is designed in such a way that any independent contractors who take a financial risk can get 4 points for showing their financial responsibility to correct faulty mistakes. Any contractor taking a financial risk should ensure that he has enough evidence to support his claim for these points. The evidence may come from a clause in the contract stipulating responsibility of correcting your mistake in case of a financial risk. Additionally, details of what can possibly go wrong and how you can fix it will strengthen the evidence.

You get 10 points when your client takes a risk and doesn’t have sufficient funds to pay you for work completed. When you are working as a contractor, you take the risk of being unable to recover payments for work done in situations when your client doesn’t have enough money to pay you for some reason. This is a risk that comes with being a contractor. If your client has taken risks and they have disabled him from paying you due to lack of funds in the past 24 months, you can use this to your advantage and get 10 points in the business entity test.

When you are unable to recover payments, it shows that you are in business at your own. This distinguishes your nature of work from employment and therefore helps you stay clear of HMRC. Here is what you are going to need in order to establish your claim for these important 10 points.

You should be able to establish the fact that you were unable to recover payments by showing write offs in accounting records. If you keep your records proper, you should easily find these records.

If you had been in a situation when you were unable to recover payments, there should be some sort of email or snail mail communication between you, the client and the intermediary. You should be able to produce copies of such communication to further strengthen your claim to 10 points.

If you are planning to own or rent a premises that will be used specifically for running your business, you should not worry about IR35 legislation as long as you can provide sufficient evidence. Your business will also get 10 additional points on Business Entity Test that will help you stay clear of IR35 legislation.

In order to take the 10 points from Business Entity Test, you will need to prove evidence to prove that you are using premises to run business only and that it is separate from your home and client’s premises. To establish your claim, you are going to need address of your business premises along with lease documents and utility bills that you have paid.

To demonstrate that your premises is separate from client’s premises and your home, you are going to need to need your home address and your client’s address.

It is important to note that any of you or your business can own or rent the premises. When you or your business owns or rents the business premises, it is quite evident that you are a contractor and not an employee as an employee would have no reason to rent or own the business premises. It just shouldn’t be connected with your home or client’s premises in any way since it will render evidence in favor of you being an employee.

Owning or renting a business place to conduct your business doesn’t put you outside the IR35 as such. All it does it give you an advantage and 10 points that can help you pass the business entity test. If you can rent or own a place to dedicatedly operate your business from, you should go ahead and do that. This will at least prove to be a positive factor and your chances of being IR35 immune will increase.

There are scenarios when you are working from home and may never have to visit client’s site during the entire period of your contract. Many contractors who are working on this type of a contract may think that they don’t have to worry about IR35 since they don’t ever go to client’s site, which makes a clear case of control. But being in control doesn’t make you exempt from IR35 as there are still substitution and mutuality of obligation that you will need to demonstrate in order to stay clear of IR35.

For better understanding what all these terms mean, I will elaborate each one of these starting with substitution.

Demonstrate substitution

Substitution is the right of a contractor that enables him to send a substitute to provide services. The substitute acts on the behalf of the original contractor and therefore demonstrates the right of substitution. The contractor has to be responsible for the completion of services and for paying the substitute. On the other hand, the client retains the right to refuse to accept the substitute on basis of insufficient qualifications and experience.

Since substitution is one of the three tests for determining status of your contract in reference to IR35, it is important that you do actually exercise this right even if you send a substitute for just a day. This way you will be able to demonstrate your right of substitution.

Demonstrate control

Your contract will also be tested for control in order to determine its status in reference to IR35. This test determines the degree of control over the execution of services exercised by the client. Control also includes control over workplace. So the place where the contractor actually does the work can demonstrate degree of control the client has over the manner of execution of services.

A client can determine what needs to be done and then the contractor decides the manner in which it has to be done for a contract to pass the control test. In case you are working from home, you have complete control over where and how the services are provided.

Demonstrate mutuality of obligation

Mutuality of obligation is the third test that is used for determining the status of your contract in reference to IR35. For a contract to fall outside IR35 legislation, there should be no mutuality of obligation in terms of continuity of services. No party to the contract should be obliged to offer work or accept work.

Other areas to consider

Status of your contract under IR35 legislation isn’t only determined on the above three tests but there are other areas that you need to consider as well. These include financial risk and provision of equipment.

Do you need IR35 insurance?

If you have been making common accounting mistakes, it’s time for a fresh start. The new tax year is approaching and you can make some new resolutions to keep. The best you can do is to avoid these fatal mistakes.

Ignoring claimable expenses

Doing the books is probably the least enjoyable part of running a contracting business. This is something that keeps slipping down priority list for majority of contractors unless it starts hurting business really bad.

When you put accounts at low priority, you tend to miss small expenses that you can claim. These expenses are usually under £10. Now these expenses usually make one-third of total claimable expenses so if you ignore them, you are paying a lot of additional tax and making a huge mistake.

You can avoid this mistake by simply being more efficient. You can use different tools that will help you keep better track of your finances and accounting. For example, there are some smartphone apps out there that let you take a picture of your receipt and then send it directly to your accounting program as a receipt.

Ignoring tax deadlines

There is no doubt that running a contractor business leaves with little time for anything else especially when you are new and still settling into your industry. This situation may lead to a disastrous situation where you might start ignoring tax deadlines. If you miss your deadlines, you are going to be in big trouble as HMRC will impose penalties for delay. If you continue doing this, your penalties will keep increasing and you will have to pay huge amount for interest. Once you are caught in this trap, you are simply going to find it impossible to get rid of surcharges and get your finances back to normal.

The best way to avoid missing tax deadlines is to keep track of deadlines somewhere. Make note or simply add them to your calendar but whatever you do, be sure to look at them. You can set reminders a week ahead if you are kind of a person who usually forgets deadlines. If you are unsure about a deadline, you should get in touch with HMRC at the earliest and ask for additional time. In most cases they will give you some relaxation or let you pay through installments.

Failing to keep things simple

One of the most common mistake is over-doing things and making booking way too complex than what it really needs to be. You just need to keep track of money you are making and tax that you need to pay. Adding too much of unnecessary detail can sometimes lead to complications that don’t need to be there. Sometimes your only problem may be using a complicated software that don’t really fit your needs.

Doing too much yourself

2015 budget [download Budget Document here] is here and it has announced that economy will continue to grow in a pattern similar to what we saw in 2014. Growth rate of 2014 was 2.5% and it is expected to remain around 2.4% this year. This is a good news for everyone including contractors and freelancers.

Personal allowance will increase starting from April 2015 while pension saving lifetime tax allowance will be reduced. The Corporation Tax for £300,000 and above will also be reduced to 20% which will bring it in line with what majority of contractors working through limited companies are paying already.

This year’s budget will also start a new personal savings allowance which will provide tax relief on interest rate. To be precise, taxpayers at basic rate will enjoy tax relief for first £1,000 in interest while taxpayers at higher rate will have first £500 in interest free of tax.

Freelancers and contractors currently pay Class 2 National Insurance if they are operating as sole traders. They don’t pay this if working through limited or umbrella companies. This class 2 NI will be abolished for self-employed which means sole traders won’t have to pay it anymore just like limited/umbrella company contractors.

This year’s budget also proposes a new digital solution to replace Self Assessment Tax Return (SATR) by 2020. This new solution will enable taxpayers to pay when they want and even choose installments if it facilitates paying their taxes.

This budget also provides an idea on what government is planning regarding travel and subsistence tax relief. As obvious from page 61 and 62 of the Budget Document, these expenses will be restricted only to workers under supervision and control of end-user. This clearly implies that self-employed workers will be affected. This change in legislation is proposed based on the concern that some payroll companies abuse these expenses to avoid tax.

The Entrepreneurs’ Relief is also touched in the budget which proposes to tighten the policy for relief so that only those selling genuine shares in businesses are provided this relief.

New budget also proposes that the fuel duty will remain frozen throughout the year, making it the longest freeze period in last two decades. Similarly, Help to Buy ISA will offer special rewards for anyone who deposits £200/month for first home. These savings will receive a generous 25% boost. Budget 2015 didn’t touch on extending the Annual Investment Allowance (AIA).

Chancellor delivers 2015 Budget Statement – Wednesday 18 March 2015

Becoming a sole trader means setting up a self-employed person which is often preferred by contractors and freelancers since it the easiest and most convenient route to getting started as a contractor. But still there are things that push contractors towards other solutions i.e. choosing an umbrella or setting up a limited company. There are various reason for this and one of the major reason is that contractors working as self-employed sole traders find it very difficult to find new work.

So what is the reason that recruitment agencies are reluctant to hire sole traders? To investigate this, we may have to look at The Income Tax Act 2003.

Income Tax Act 2003 and its implications on recruitment agencies

The Income Tax Act 2003 disallows agencies to involve a self-employed contractor between supplier and client. Section 44 of the Act makes it impossible for agencies to keep sole traders since anyone working through the agencies will be treated as an ‘employee’ for tax purpose and agency acting as ‘employer’ will need to deduct NI contributions as well as income tax from employees’ income. You can download this legislation in PDF here.

Although HMRC looks at intention of the parties to figure out nature of contract and employment but it is not the case in this situation. Agencies avoid hiring self-employed contractors because then they will have to provide employment rights to these contractors and pay income tax on their behalf while acting as an employee. This is the reason recruitment agencies will rarely engage with a sole trader. They will always prefer hiring contractors working through limited or an umbrella company.

The Government will implement new rules that will give HMRC more information about contractors due to new reporting requirements. According to these rules, recruitment agencies will need to provide more information about contracting and their wage than wha they have been providing earlier.

The current rules as derived from Agency Legislation of April 2014, recruiters need to update HMRC about workers who shall not be treated as employees. This identification is important primarily for the tax purpose. The reason recruitment agencies and businesses were asked in these rules to report employment status was huge number of reported fraud cases where workers reported false self-employment. However, these rules didn’t affect much the way limited company and professional contractors operate in the UK.

The new proposed laws will make new changes. According to these proposed changes, recruiters are required to provide additional information (download additional reporting requirements PDF) while reporting employment status. As a result, HMRC learn a great deal more about agency workers. These laws are expected to become active by April 2015.

The additional information that these rules requires includes payment information and details of contractors limited company. In addition, HMRC will now require infomration about duration of each assignment and manner of contractor’s engagement.

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Getting the right accountant is one of the most important things to do for freelancers and contractors. It helps them to smooth run their business without getting into financial hassle. Considering the fact that financial legislation is complicated for contractors as compared to employees, they find it hard to deal with the financial side of their business at their own. A contractor accountant can provide the necessary professional help thus ensuring that the contractor can focus on improving quality of services and achieving growth rather than spending countless hours trying to get accounts in shape for HMRC.

Having an accountant can help contractors avoid fines and penalties that HMRC will impose in most cases when finances aren’t reported correctly. At the same time, a financial professional can render advice that will help pay minimal taxes without doing anything illegal. On top of all that a finance expert will be able to give you the right opinion about new legislation and taxation rules affecting umbrella companies, limited companies, income shifting, and offshore investing.

Getting a good accountant who is reliable and has experience in your industry can be tough especially if you are new in contracting. You will need to research and talk to different professionals before you can choose one. You will also need to answer a few questions for yourself. Answering these questions will help you figure out the type of accountant your business needs.

What are professional qualification required for an accountant?

Accountants should have either one or all of the following qualifications.

Qualified from the Institute of Chartered Accountants

Certified by the Association of Certified Public Accountants

Qualified from the Chartered Institute of Management Accountants

Certified by the Association of Chartered Certified Accountants

Is your accountant a ‘contractor’ specialist?

You will also need to look for experience and specialties apart from qualifications and certifications. Since you are looking for an accountant who can handle your contracting finance, you need to look for one who specializes in the contracting field and has some valuable experience in the industry. An accountant who specializes in contracting industry should know his way around umbrella companies and should be able to understand different payment mechanisms that freelancers primarily use. Moreover the legislation is so tough that only an expert will be able to handle legal issues.

Can you meet your accountant in person?

Accountants may choose to offer online service or local service or both. It is important that you know it beforehand and make the choice accordingly. Many people typically prefer communicate in person since contracting involves some really complex tax issues that you will need with your accountant. Being able to reach out in person will often prove to be time-saving and efficient.

Is your accountant from a large or a small accountancy firm?

Although this is a personal preference, contractors will be better off going with a large company that offers dedicated accountants. A small accountancy firm may offer dedicated accountants and a more personalized customer support but it doesn’t offer the kind of security, reputation, and efficiency that a large firm may offer.

Insisting for a dedicated accountant is important because it will mean you always get the same person to look after your accounts instead of someone from the team or one of the firm’s general accountants doing your accounts. You should be able to contact the accountant whenever you need.

How much is your accountant charging?

It is important that you know the exact fee that your accountant will be charging. If you have more than one professionals that you need to evaluate, write down what each one of them is charging against what services they offer. Moreover, look at entry and exit fees and avoid any accountant whose fee structure depends on your earning. You should be able to get a flat upfront quote from any good accountant.

We have been hearing for past few years that how difficult it is to get a mortgage in the prevailing financial circumstances. Most of the banks were not paying heed to Government’s request to approve more loans. On the contrary, they had tightened their belts and made things more complicated for IT contractors.

The mortgages were considered as a financial facility, which required hefty deposits, perfect credit history and high salaries. However, things have started to change after last couple of years and with return of optimism regarding housing market, you can monitor an increase in the availability of specialist mortgages.

Specialist mortgage – How it works?

A specialist mortgage can be defined as a loan facility within reach of those mortgagees, who don’t have a standard monthly salary or high deposits. As a result, self-employed people and buy-to-let freelancers can win a chance to get specialist loan. As far as ‘IT contractors’ are concerned, they can also avail the facility of ‘Contractor mortgage’ in the similar fashion.

Importance of Contractor Mortgage

These loans are imperative in current circumstances where most of the people are planning to change the way they used to work or run a business on their own. When people like freelancers, contractors and those who are running a small business require a loan, they simply don’t fit into the standard financial requirements to seek approval of such a facility. Hence, Contractor mortgage is the right option for such type of applicants.

How is it approved?

As evident from the name, a this type of loan is specifically designed to meet the requirements of IT contractors. Following are some basic factors considered by the lender, while evaluating the financial status of a contractor.

For how many years an applicant has been working as a contractor

Amount of profits retained by such applicant

Rate charged for each contract

Duration of current contract and that of future contracts if applicable

How different a contractor mortgage is from other loans?

Previously, contractor mortgage used to fall into a self-certification category. Hence, the only choice left for contractors was to apply for self-cert products. These products had a style of underwriting, which was termed as monolithic. Moreover, high interest rate was charged, which rendered such products as unfair and punitive.

Due to the tightening of rules regarding lending requirements, self-certification is completely banned. At present, contractor mortgage is more or less identical to that of a typical loan.  IT contractors can now borrow in a fashion which is similar to high-street borrowing. Nevertheless, the eligibility requirements of such a loan are somewhat wider than normal.

Is it expensive?

IT contractors working for a long time are well aware of the term ‘Mortgage rejection’. They have realized that financial institutions and banks show reluctance while lending money to freelancers and self-employed.

There are various advantages of contracting life style, which attract permanent employees to be a part of it. However, mortgage rejection is considered as the biggest disadvantage of contracting. Contractors have faced tough conditions during 90’s, which turned out to be strenuous after the financial crisis of 2008. During this period, most of the financial institutions were forced to tighten up their mortgage approval criteria. This behavior harshly affected IT contractors and those who failed to fulfill standard mortgage requirements.

Employment status problem – How it affects contractor mortgage

Contractors have been facing trouble while getting their mortgage application approved, particularly due to their confrontation with two basic types of lending criteria referred as self-employed and employed. If contractors failed to fit in any of these models, their mortgage application is likely to be turned down.

Mostly contractors are self-employed but some of them work through Umbrella companies or tax-efficient payment schemes with a view to maximize their income. However, lenders find it difficult to understand the procedure of such schemes and consequently reject the mortgage application of such contractors. Apart from this, Umbrella contractors are perceived as ‘employed’ by the Mortgage Company but their income is judged only by pay slip. While calculating the monthly income, other earnings are not taken into account by the lender.

It’s not the end of the road

The main cause of mortgage rejection includes factors such as wrong assessment of income and false presumption about the longevity of income. The rates offered to contractors are also higher and the mortgaged amount is relatively lower than normal.

For the savvy and determined contractors this is not the end of the road as things have changed over the past few years. Now it is possible to avoid these hurdles and move forward to find a suitable mortgage deal.

How to present your income correctly

If you are drawing salaried income as an employee of an umbrella company or dividends from a limited company, it is difficult to get a mortgage as high street lenders and financial institutions will require you to produce HMRC SA302 document. The most suitable way in this regard is to present your income in a correct manner. It is imperative to clarify mortgage underwriters that you are not a company director or employee, rather you are a well paid IT contractor.

It is not as easy as it looks

Things mentioned above are not easy to follow and if you do follow, there is no guarantee of success. Therefore, hiring a mortgage broker is a great option for contractors. Mortgage brokers are specialized service providers who have an ample amount of experience to tackle any issues regarding mortgage. They are well aware of the ‘contractor mortgage risk assessment’ and IT contractor payment models. Mortgage brokers know and understand the vagaries of tax legislation, which may affect contractors.

Don’t give up even if your application is rejected!

For IT contractors, getting a mortgage is a tedious job no matter how strong their financial conditions are. If you are a well-paid contractor and working on a long-term contract, even then it is not easy to get your mortgage application approved.

Mostly bankers consider it risky to deal with contractors, as they are self-employed. Financial institutions and lenders are not persuaded by the amount of money you are taking home. Moreover, contractors don’t fit into the standard lending criteria due to their unique position since they are not permanent employees.

‘Help to Buy’ Mortgage scheme

For people who are employed, things are quite simple as for as applying for a mortgage is concerned. They need to walk into a bank and show them their ‘Pay-slips’. The bank will approve their mortgage application after completing some formalities related to lending criteria.

On the other hand, circumstances are diffierent for self-employed as they have to show healthy profits, account details of previous three years and related reference in order to get their mortgage approved.

What should you do as an IT contractor? First of all, you must compare the best mortgage deals in the town, which are specifically designed for contractors and freelancers. Moreover, collect as much information as you can about the ‘Help to Buy’ mortgage facility.

Start the process as early as possible

You must start talking to your bank once you have started your contracting business. For this purpose, you should book an appointment with mortgage advisor and discuss your situation. Before submitting your application don’t forget to make your bank aware of the timeframe you have in your mind. In addition, keep with you the copies of your contract and show them to the lending authority whenever required. You can ask them to discuss your case with the central lending process unit in order to sort out any technical issue.

Seek information from other contractors

Your colleagues and other fellow contractors can serve as a great source of information. Therefore, you should talk to them and know how they get their mortgage approved. Ask them the name of mortgage advisor, who helped them in this regard. In this way, you can limit your search and maximize the chances of your success.

Take advantage of your network

You can surely take help from your Umbrella Company or recruitment agency to get any recommendations. Since, most of these companies and agencies have links with mortgage brokers or banks. In addition, you can get valuable information and relevant contacts by using your social network. Therefore, you have to do some homework and collect plenty of information before applying for a mortgage. By doing so, you would definitely get a chance to achieve your goal within less anticipated time.

How mortgage broker can help