I work in engineering consulting and am considering maybe moving from permanent to becoming a contractor. Just wondering if any one else out there has done something similar and what affects it may have on their borrowing capacity. I am guessing I'll have to wait to have at least 2 years worth of good books before the bank will give me a look in?
The rates are quite tempting and I am confident in my employer keeping me on long term but if it's going to make borrowing a whole lot harder then it may not be worth it.Cheers
Hi GC
If you are in a similar profession there are a few lenders who wouldnt have a problem with your change in employment status especially if you are contracted to a single employer.
We do deals like that for IT forum clients and the like all day long.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Thanks for that Richard, exactly what I was hoping to hear
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